Activision Blizzard CEO: We're On Track With New Releases in 2020
Activision Blizzard (NASDAQ: ATVI) reported a strong first quarter with revenue and earnings blowing past analysts' expectations. Most importantly, the game maker is poised to maintain strong performance through the rest of the year, despite the impact of the COVID-19 outbreak.
During the first-quarter conference call, CEO Bobby Kotick said, "[...] As of now, we're on track to deliver compelling new content, including the World of Warcraft: Shadowlands expansion and the next premium Call of Duty release, both of which are planned for the second half of the year."
Kotick's confirmation that the development pipeline is still on schedule is crucial, especially because of how the outbreak has affected Hollywood, where movies have been delayed or other projects canceled altogether. The digital nature of gaming is insulating video game companies from these types of disruptions, given that employees can work on graphic art and other development work from home. This puts Activision Blizzard in a great position to deliver positive results through the rest of 2020.
Source Fool.com
