1 Worrying Trend for Activision Blizzard
The third quarter was once again better than expected for Activision Blizzard (NASDAQ: ATVI), which always seems to set expectations it can easily clear. Revenue of $1.28 billion beat the guidance of $1.11 billion but was also down sharply from $1.51 billion a year ago.
Revenue can go up and down depending on game launch dates, but what investors should be keeping an eye on is engagement. We may be seeing a long-term deterioration in Activision Blizzard's critical engagement figures, and that will hurt its current perceived status as a growth stock.
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Source Fool.com
