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Activision Soars to Record on Upbeat Outlook for Game Sales
Bloomberg
2/5/2021
Olga Kharif
(Bloomberg) Activision Blizzard Inc. rallied as much as 12% to a record after giving an upbeat outlook for this year and next, boosted by marquee video-game franchises such as Call of Duty, World of Warcraft and Candy Crush.
Revenue this quarter will be $1.75 billion, excluding some items, the company said Thursday, compared with the $1.68 billion predicted by analysts. Its annual forecast also topped estimates, and Activision said 2022 will benefit from a flurry of new game releases. That helped send the shares as high as $104.23 in New York trading Friday. ....

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