what happened
Shares of Active snowfall (Nasdaq: ATVI) The video game maker climbed 9.6% on Friday after delivering fourth-quarter results on Friday, exceeding Wall Street expectations.
So what
Activision Blizzard’s net bookings – essentially, the dollar amount of products and services it sold in the quarter – rose nearly 13% to 3. 5.35 billion. That was above analysts’ estimates of કહ્યું 2.79 billion in bookings.
Shares of Acquisition Blizzard popped up on Friday. Image Source: Getty Images.
Profits boosted by strong sales, including Activision Blizzard’s core franchise Call on duty, The world of craft craft, And Candy Crush. In many of the company’s games, player engagement is high during the COVID-19 crisis, as people spend more time at home.
“In a troubled year, our exceptional staff is committed to providing connectivity and joy to our million million players around the world,” CEO Bobby Kotik said in a press release. “They accomplished this and at the same time produced record financial results for our shareholders.”
Now what
Some analysts raised their price targets for Acquisition Blizzard’s stock following its excellent fourth-quarter performance. JPMorgan analyst Alexia Quadrani sees Acquisition Blizzard earn રમત 115 per game maker’s shares by advancing its strategy of marrying its most popular PC and console franchises to new mobile formats.
