Overwatch made less than 10% of Activision-Blizzard's 2021 revenues

Overwatch is one of Activision-Blizzard's billion-dollar franchises, but the game didn't manage to break into the top spots in the last 3 years.

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Activision-Blizzard's three most important franchises are Call of Duty, Candy Crush, and Warcraft. First-person arena shooter Overwatch was once among the studio's top stars, but after six years the game is getting long in the tooth.

Activision-Blizzard's latest financials reveal that Overwatch and other franchises like Diablo and Tony Hawk's Pro Skater did not manage to make even 10% of the company's revenues across the last three years. The majority of these earnings were completely dominated by the Top Three and Overwatch is having tough comps.

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"For the years ended December 31, 2021, 2020, and 2019, our top three franchises-Call of Duty, Candy Crush, and Warcraft-collectively accounted for 82%, 79%, and 72%, respectively, of our net revenues. No other franchise comprised 10% or more of our net revenues in those periods," the company writes in its 2021 annual report.

If Overwatch didn't make 10% of net revenues, that means the franchise made less than the following values in corresponding periods:

• 2019 - $649 million
• 2020 - $800 million
• 2021 - $880 million

Those numbers still are very good. Blizzard's current numbers, on the other hand, aren't.

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The news comes at an all-time low for Blizzard. The developer's monthly active users are at their lowest point since 2016, dropping to 22 million MAUs. Blizzard's revenues are also at an all-time low of $274 million in Q1 2022.

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Blizzard will likely bounce back with two mobile games, including Diablo Immortal which releases next month, and Warcraft Arclight Rumble, as well as the impending launch of Overwatch 2 and Diablo 4. Our reports suggest either one of these big games is coming between 2023 - 2024.