Activision Blizzard Delivers a Big Q3 Thanks to the CoD: Modern Warfare/Warzone Juggernaut

Activision Blizzard Delivers a Big Q3 Thanks to the CoD: Modern Warfare/Warzone Juggernaut

3 years ago
Anonymous $RGO3jP_V_c

https://wccftech.com/activision-blizzard-q3-2020-earnings/

Activision Blizzard (NASDAQ:ATVI) have released their earnings for the quarter ending September 30, 2020, and the company continues to benefit greatly from COVID-19 providing a captive audience and the combined juggernaut that is Call of Duty: Modern Warfare and Call of Duty: Warzone. Acti-Blizz delivered $1.95 billion in net revenue in Q3 (their fiscal year coincides with the regular calendar year), which is way up from $1.28 billion made in Q3 2019. Earnings per share were $0.78 for Q2, or around 13 cents above forecasts. Despite this across-the-board good news, Activision Blizzard stock is still slightly down in after-hours trading, which seems to be a somewhat odd tradition for the company.

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