Additionally, press reports following the call highlighted the continuation of the downward trend in monthly active users during the third quarter.Ĭoincidentally, alongside the conference call the company faced consumer backlash when the Blizzard division announced a mobile game for the Diablo franchise at their annual event. Though analysts have maintained revenue expectations for the fourth quarter following the November conference call, marginally weak guidance led to downward earnings estimates.
While the company did provide strong sales and engagement data for its key Call of Duty: Black Ops 4 launch, some industry watchers lowered elevated expectations following the franchise’s latest release in October. Though the broader technology market suffered during the fourth quarter, Activision Blizzard ( NASDAQ: ATVI) experienced outsized declines on the back of lowered expectations.
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