Activision Blizzard Projects a $2 Billion Holiday Quarter Ahead
Investors had high expectations heading into Activision Blizzard's (NASDAQ: ATVI) third-quarter earnings report. Hit product releases have boosted audiences in its Call of Duty and World of Warcraft franchises, while the COVID-19 pandemic put a new premium on all forms of at-home entertainment.
This past week, Activision sailed past several of those Q3 operating forecasts while projecting an unusually strong finish to the fiscal year.
The video game publisher extended its growth streak from the second quarter, which showed surging engagement and audience sizes. The Q3 outing was just as strong, with Call of Duty again leading the way. The CoD franchise attracted three times the gamer base as compared to a year ago, in part thanks to the success of the Warzone release. That free-to-play title is continuing to drive players toward the premium Modern Warfare, too, which has set a franchise record for first-year sales.
Source Fool.com
