Much of that atrophy stems from King Digital's mobile games shedding players, but the migration of users actually hasn't had a big impact on overall performance because the core audience of Candy Crush Saga has continued to spend. The gaming giant's monthly-active-user base has declined roughly 30% over the last two years. The company's declining MAU base is an issue that must be addressed. Perhaps most worrying, the company's MAUs declined to 345 million, versus 385 million in the prior-year period and 352 million MAUs in this year's second quarter. The third quarter saw Activision Blizzard's revenue decline 12% year over year to $1.51 billion, and earnings per share fell from $0.47 to $0.42. The stock is down roughly 26% in November as of this writing. The mediocre performance arrived after the company unveiled a highly controversial mobile take on the Diablo franchise that was roundly rejected by fans of the series. Activision Blizzard's recent third-quarter results weren't thrilling, with the company delivering year-over-year declines in sales and earnings and news that monthly active users (MAUs) across its titles had fallen once again.
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