US publishing giant Activision Blizzard has reported an 18 per cent drop in net bookings for its most recent financial quarter.

The firm recently reported $2.49 billion in net bookings for the three months ending December 31st, 2021. That's a decline on the $3.05 billion year-on-year.

For the full year ending December 31st, Activision Blizzard's net bookings were $8.35 billion, down from $8.42 billion in 2020.

The company has reported that it now has 370 million players now. 

“I’m so incredibly proud of our teams for their commitment and passion as we continued to engage the world through epic entertainment in 2021,” Activision Blizzard CEO Robert Kotick wrote.

“As we look to the future, with Microsoft’s scale and resources, we will be better equipped to grow existing franchises, launch new potential franchises and unlock the rich library of games we have assembled over 40 years. Our 370 million players around the world and workplace excellence remain our focus. For investors, our recently announced transaction is the culmination of three decades of providing superior shareholder returns.”