Mobile Games Drive Massive Quarter For Activision Blizzard, Inc.
A slow quarter of new releases didn't slow down Activision Blizzard, Inc. (NASDAQ: ATVI) in the second quarter. The company posted much better than expected second quarter results, driven by continued use of its existing games and the launch of some new revenue models.
The strong quarter comes ahead of the launch of Destiny 2 and Call of Duty: World War II later in 2017. If they have any level of success this will be a record year for Activision Blizzard.
Image source: Getty Images.
Source: Fool.com
Activision Blizzard Inc. Stock
€89.70
0.670%
Currently there is a rather positive sentiment for Activision Blizzard Inc. with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 89 € is below the current price of 89.7 € for Activision Blizzard Inc., so the potential is actually -0.78%.
