Activision Blizzard Reports Q4 Earnings, Layoffs Announced, Netease Partnership Extended

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Activision Blizzard reported their Q4, 2018 earnings report today which missed analyst estimates; revenues came in at $2.84B while analysts expected $3.04B. The company also laid off ~8% of its total employees (775 employees) in non-development positions, mostly in publishing and eSports. On a more positive note, the company has committed to increasing its development budget with the total number [...]

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Activision Blizzard Facing Class Action Suit From Investors Over Activision-Bungie Split

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The ongoing drama surrounding the premature split between publishing giant Activision Blizzard and Destiny 2 developer Bungie continues as Activision faces yet another lawsuit over the recent split. Rosen Law announced last week that they were filing a class action suit against Activision in behalf of investors looking to recover damages from the early termination of Activision and Bungie’s partnership. [...]

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Activision Blizzard Fires CFO For Cause

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Activision Blizzard announced today that they fired their Chief Financial Officer Spencer Neumann today for cause, meaning he did something to violate his employment contract. While some have speculated that Mr. Neumann is the fall guy for the company's recent missteps (Diablo: Immortal blowback), I suspect that its not related to that at all. The company's CFO doesn't make day [...]

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Diablo: Immortal

Diablo: Immortal is a mobile MMOARPG under development by Chinese studio NetEase. Diablo: Immortal provides a persistent game world accessible from anywhere right at your fingertips! Publisher: Activision Blizzard Playerbase: TBD Type: Action MMORPG Release Date: TBA Pros: +The first F2P Diablo experience. +Varied Classes. +Authentic Chinese gameplay! Cons: -Limited information available. -Developed by third party, not Blizzard. -No PC [...]

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Activision Blizzard Reports Strong Q2 2018 Earnings

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Activision Blizzard reported their second quarter 2018 earnings report today and surprise surprise, Activision Blizzard is really good at making money. They reported revenues of $1.64 billion for the quarter, up from $1.63 billion for the last quarter last year. Take a look at the company's highlighted statistics from their quarterly investor slidedeck: Hearthstone continues to perform exceptionally well and [...]

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Activision Blizzard Reports $2B In Q1 Revenue, WoW and Overwatch Perform Strongly

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Activision Blizzard reporting $2 billion in revenue for Q1 2018 which was a record high for the company first quarter. The quarter's success was attributed to strong performance at 3 games in particular - World of Warcraft, Overwatch, and Candy Crush. The company reached 374M monthly active users in the company across all of their games. Despite Blizzard's iconic lineup [...]

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