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King records three top 20 grossing mobile games for nearly three years straight

King records three top 20 grossing mobile games for nearly three years straight

King claimed its 11th quarter in a row of having three games in the top 20 grossing charts on mobile app stores.

That’s according to the latest Q3 2016 financial report from Activision Blizzard (NASDAQ:ATVI), which acquired the Candy Crush Saga developer for $5.9 billion in November 2015.

Sweet deal

Net revenues for King during the three months ending September 30th came in at $447 million, and $1 billion for the nine months ending September 30th. The publisher reported a net loss of $72 million.

Despite the continuing success of its top titles, MAUs across its portfolio fell slightly to 394 million in the three months ending September 30th.

Money from in-app purchases and average revenue per paying user increased year-on-year on the back of its Candy Crush franchise and Farm Heroes in particular.

Overall, Activision Blizzard claimed record third quarter revenues of $1.57 billion, significantly up from $990 million during Q3 2015.

Operating income for the period came in at $294 million, up from $196 million in Q3 2015.

In total, Activision Blizzard had 482 million monthly active users racking up more than ten billion hours of gameplay during Q3. King’s portfolio of mobile games accounts for just under 82% of total MAUs.


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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