Microsoft announced its purchase of Activision in January. They have sold more than 400-million units since the series began in 2003. Call of Duty is Activision’s biggest video game series and the titles regularly top yearly sales charts. The next mainline game in the series, from the Treyarch studio, is planned for 2024. Activision will instead release add-ons for Modern Warfare and other Call of Duty related content. But the series will then skip 2023, Bloomberg has reported. The shares were little changed in extended trading at $80.30.Ĭall of Duty Modern Warfare II, a new entry in the series, will be released this autumn. Spending in the video game industry is expected to drop 8.7% in 2022, according to a report from the analytics firm NPD Group.Īctivision said it expects revenue and earnings per share to “remain lower year on year in the second half”. Interest in gaming has also cooled off as pandemic stay-at-home orders lifted and people resumed outside interests and activities. The video game industry has faced a sluggish year as it deals with hardware supply chain issues affecting consoles, inflation and a lack of big hits. Activision didn’t give revenue figures for the new Diablo game on Monday. Activision’s Chinese partner NetEase delayed Diablo Immortal’s launch in the world’s biggest mobile app market by about a month, saying it needed additional time. The game received negative reviews and faced stiff competition from new entries in the popular Halo and Battlefield series.ĭuring the second quarter, Activision’s Blizzard division released Diablo Immortal, a new mobile entry in the action series. Last autumn’s Call of Duty Vanguard, which Activision said hasn’t performed as well as anticipated, has had a ripple effect on the company’s fiscal year. Adjusted earnings per share were 47c, almost 50% lower than a year earlier and slightly below analysts’ estimates. Activision Blizzard, the biggest US video game publisher, on Monday reported revenue that beat analysts’ estimates, but adjusted sales still declined 15% from a year ago due to a soft Call of Duty launch last autumn and a slow year for the gaming industry overall.Īctivision, which is in the process of being acquired by Microsoft for $69bn, brought in adjusted revenue in the second quarter of $1.64bn, compared with the average analyst projection for $1.6bn.
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