Diablo 4 is Blizzard's new entry in the legendary slasher RPG series with an isometric camera. After the events of Diablo 3, 60 years have passed: the heavens have closed their gates, and humanity has been left to its own devices and has fallen into decline.
Activision Blizzard shares plummet after Overwatch 2 and Diablo 4 delays
Butcher79
After delays in two of its most anticipated titles and an ongoing change in management, Activision Blizzard's share price has fallen more than 14%.
Activision Blizzard's share price is down more than 14% today following the Overwatch 2 and Diablo IV delays that were announced last night, despite the company announcing $2,07 billion in quarterly revenue.
While Overwatch 2 and Diablo IV never received a solid release window, both were expected to contribute to a positive 2022 for a publisher still engulfed in legal action over its work culture and allegations of harassment.
CEO Bobby Kotick noted that Activision Blizzard "will continue to face challenging and negative media attention."
Activision Blizzard drops 14% and admits employee turnover
During the company's earnings call, COO Daniel Alegre said, "While we still plan to deliver a significant amount of content from Blizzard next year, we are now planning on launching Overwatch 2 and Diablo IV later than originally anticipated."
“These are two of the most anticipated titles in the industry and our teams have made great strides towards completion in recent quarters.”
Activision Blizzard remains optimistic about its Q4 outlook, however, is forecasting $2,02 billion in revenue for the next quarter, with a focus on Call of Duty Vanguard and the upcoming Warzone integration.
He also noted that “we are seeing an increase in voluntary staff turnover, after the ongoing litigation.
Jen Oneal, one of two co-leaders nominated in August, resigned earlier this week. Mike Ybarra will remain the sole leader of Blizzard.
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