Video game publisher Activision Blizzard missed estimates for first-quarter sales on Monday, hurt by weak demand for its latest title, Call of Duty: Vanguard.
Activision’s performance was impacted by lower premium sales for Call of Duty: Vanguard and weaker engagement in Call of Duty: Warzone, with the return to pre-pandemic habits pushing players to spend less time on their consoles spend.
The company, which is being acquired by Microsoft, has also faced backlash for its response to allegations of internal sexual harassment and discrimination against female employees.
The Santa Monica, Calif.-based company’s revenue for the quarter was $1.77 billion, down 22% and below analysts’ expectations of $1.82 billion.
Net income for the quarter ended March 31 fell to $395 million, or 50 cents a share, from $619 million, or 79 cents a share, in the prior year.
Excluding the article, Activision earned 64 cents per share.
https://nypost.com/2022/04/25/activision-blizzard-sales-miss-on-weak-call-of-duty-demand/ Activision Blizzard sales are lost due to weak Call of Duty demand