Why Activision Blizzard Stock Jumped Today

Shares of Activision Blizzard (NASDAQ: ATVI) climbed 9.6% on Friday after the video game maker delivered fourth-quarter results that bested Wall Street's expectations. 

Activision Blizzard's net bookings -- essentially, the dollar amount of products and services it sold during the quarter -- rose nearly 13% to $3.05 billion. That was well above analysts' estimates, which had called for bookings of $2.79 billion. 

Activision Blizzard's stock popped on Friday. Image source: Getty Images.

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Source Fool.com