![]() ![]() ![]() Repeating a claim it made earlier, Activision Blizzard said more than 20 individuals have exited the company in recent months related to the ongoing investigations. The state lawsuit alleged that women were either harassed, made to feel uncomfortable, or mistreated when it came to career advancement. The company reiterated its pledge to be the most welcoming, inclusive company in the game industry in response to lawsuits that have kept the company’s Blizzard Entertainment division in the news. Overall, the company’s monthly active users were 390 million players for the third quarter. In-game net bookings were $1.20 billion consistent with the third quarter of 2020. We look forward to sharing progress updates on our workplace initiatives, alongside our business performance.” I want to thank our employees for their continued commitment to each other, the company, and our players. “We are excited about this week’s Call of Duty launch and expect continued success in the fourth quarter. “I’m pleased to report strong third-quarter results ahead of our prior outlook,” said Bobby Kotick, CEO of Activision Blizzard, in a statement. On top of that, the company said that Overwatch 2 and Diablo IV have been delayed. Allen Brack as co-heads of Blizzard, and now Ybarra will lead the division alone. Most of the fallout in terms of major shakeups related to company investigations fell on Blizzard. The California Department of Fair Employment and Housing sued this summer, alleging Activision Blizzard had a “frat house culture” that made life difficult for female employees. Blizzard continues to be in the news with updates related to the sexual discrimination lawsuits against the company. In an analyst call, Kotick said that Jen Oneal, the co-head of Blizzard Entertainment, is leaving the company. ![]() In after-hours trading, Activision Blizzard’s stock is down 8% to $70.90 a share. Non-GAAP earnings per share were 89 cents, which, when taking into account deferrals of -17 cents a share, compared to analyst expectations of 70 cents a share and year-ago numbers of 88 cents a share. That was well above the company’s own outlook of 64 cents. Earnings per share were 82 cents, compared to 78 cents a share. On a GAAP basis, revenues were $2.07 billion for the third quarter, up 6% compared with $1.954 billion a year earlier. ![]()
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