Activision Blizzard’s Q1 Results Miss Expectations
<p><a href='https://financialmodelingprep.com/financial-summary/ATVI'>Activision Blizzard, Inc. (NASDAQ:ATVI) </a>reported its Q1 results, with EPS coming in at $0.64, missing the Street estimate of $0.70. Revenue was $1.77 billion, compared to the Street estimate of $1.8 billion.</p>
<p>The quarter was highlighted by the company’s most prestigious console/PC operations declining 40% year-over-year, but its mobile franchises being either flat or up double-digits year-over-year, against negative industry trends.</p>
<p>The company also made a surprise announcement that its upcoming mobile game Diablo Immortal will be available on PC, supporting cross-play and cross-progression. </p>

NASDAQ:ATVI