Activision Blizzard Financials Reveal Overwatch 2 and Diablo IV Delays

Activision Blizzard announces third quarter 2021 financial results. CEO Bobby Kotick call "strong," while MarketWatch counters by calling the company's outlook "light," a sentiment apparently shared by investors. Word is: "For the quarter ended September 30, 2021, Activision Blizzard’s net revenues presented in accordance with GAAP were $2.07 billion, as compared with $1.95 billion for the third quarter of 2020. GAAP net revenues from digital channels were $1.85 billion. GAAP operating margin was 40%. GAAP earnings per diluted share was $0.82, as compared with $0.78 for the third quarter of 2020. On a non-GAAP basis, Activision Blizzard’s operating margin was 43% and earnings per diluted share was $0.89, as compared with $0.88 for the third quarter of 2020." Gamers are here to share the pain of investors, as this Third Quarter Calendar 2021 Results Conference Call has the bad news that both Overwatch 2 and Diablo IV are being delayed indefinitely. Here's word from COO Daniel Alegre:
While we are still planning to deliver a substantial amount of content from Blizzard next year, we are now planning for a later launch for Overwatch 2 and Diablo IV than originally envisaged. These are two of the most eagerly anticipated titles in the industry, and our teams have made great strides towards completion in recent quarters. But we believe giving the teams some extra time to complete production and continue growing their creative resources to support the titles after launch will ensure that these releases delight and engage their communities for many years in the future.