According to a new article at Venture Beat, Blizzard has confessed to losing over 800,000 subscribers during the third quarter of 2011. In Q1 2011, WoW's subscriber base was reported at 11.4 million. In Q2 2011, Blizzard was reporting 11.1 million subscribers and Q3 currently shows 10.3 million subscribers.

During an earnings call this afternoon, Mike Morhaime admitted that "the previous expansion, World of Warcraft Cataclysm, had content that hardcore users consumed too rapidly. Blizzard is studying ways to keep gamers more engaged with future updates and expansions."

Read the full article at Venture Beat.