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Activision Blizzard has said that over 1.3 million players left the game between January and March.
The California-based company blamed the rise of free-to-play games.
The majority of lost users were in the East, despite the company making efforts to appeal to those markets. Activision Blizzard told investors to expect subscriber figures to dip further.
Despite the user dip, the company said World of Warcraft still had 8.3 million players - making it the most popular subscriber-based online game in the world.
World of Warcraft's subscriber numbers were as high as 12 million in 2010.