Activision Blizzard Announces First Quarter 2022 Financial Results

For the quarter ended March 31, 2022, Activision Blizzard’s net revenues presented in accordance with GAAP were $1.77 billion, as compared with $2.28 billion for the first quarter of 2021. GAAP net revenues from digital channels were $1.59 billion. GAAP operating margin was 27%. GAAP earnings per diluted share was $0.50, as compared with $0.79 for the first quarter of 2021. On a non-GAAP basis, Activision Blizzard’s operating margin was 34% and earnings per diluted share was $0.64, as compared with $0.98 for the first quarter of 2021.