Monday, December 5, 2022

Activision Reports 14 Percent Revenue Drop, Eyes Call of Duty to End Slump

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US video game giant Activision Blizzard, which Microsoft is in the process of buying, on Monday reported lower sales for the fourth straight quarter, but said the success of its latest Call of Duty installment broke records.

The group saw its revenue decline in the third quarter by 14 percent to $1.78 billion(roughly Rs. 14,500 crore), with console and PC games seeing big drops.

The bright spot was mobile games with apps like Candy Crush and this year’s Diablo Immortal performing well.

Too late to be included in the latest results, the company said Call of Duty: Modern Warfare II hit $1 billion (roughly Rs. 8,100 crore) in sales in just 10 days, the fastest release in franchise history.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: Gadgets360


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