Blizzard’s Third-Best Fiscal Year Tops Xbox Studios

Blizzard Entertainment is entering September with unusually strong momentum: the company says it has just delivered its third-best fiscal year for revenue, putting it at the top of Xbox’s internal studios, and it’s now lining up multiple announcements for BlizzCon in Anaheim.

Blizzard’s fiscal-year performance tops Xbox studio charts

Jez Corden, editor at Windows Central, shared details from an email sent to Blizzard employees by the company’s president, Johanna Faries. In it, Faries highlighted Blizzard’s results against Microsoft’s expectations over the past fiscal year and positioned Blizzard as the highest-performing studio within Xbox’s structure.

Blizzard posted its “third best year” in terms of revenue.
For fiscal 2026, Blizzard finished as the top-performing studio in the Xbox studios division.
Faries said fiscal years 2025 and 2026 marked the first consecutive period of growth since fiscal 2017.
She credited exceptional momentum to Diablo 4: Lord of Hatred and Overwatch 2.
Overwatch also reached its best quarter since 2022, per the message.
The update further notes that Blizzard outperformed other Xbox-owned studios, including Activision and Bethesda.

What Blizzard plans to reveal at BlizzCon on September 12

In the same communication, Faries referenced BlizzCon as a key moment for the studio’s next phase. The event is set for September 12 in Anaheim, California, and employees are being told to expect visibility for work currently underway at Blizzard.

BlizzCon will take place on September 12 in Anaheim, California.
The email frames the show as a platform to spotlight ongoing Blizzard projects.

World of Warcraft expansion and franchise roadmap

Blizzard says it will present a new expansion for World of Warcraft titled The Last Titan.
It also points to additional mobile games.
Beyond games, Blizzard plans to discuss transmedia projects tied to its franchises, including movies and television series.

StarCraft, Diablo’s next major entry, and more

A new StarCraft project led by Dan Hay is expected to be shown.
Details in the report suggest this StarCraft title could be a third-person shooter in the spirit of Space Marine 2.
Blizzard’s next major Diablo game is also described as being in development and expected to be part of the September announcements.

Why it matters for Microsoft’s Xbox portfolio

The message and the commentary around it position Blizzard’s results as a benchmark for other Microsoft-owned studios. The framing explicitly calls out Activision and Bethesda first, while also referencing additional internal Xbox teams such as Mojang and King.

Blizzard is being cited as the benchmark performer inside Xbox’s studio lineup.
The broader comparison includes studios such as Activision and Bethesda, as well as teams including Mojang and King.