Activision Blizzard Inc. on Tuesday forecast its adjusted sales for the fourth quarter below market expectations, as demand for its popular franchises “Call of Duty” and “Candy Crush” failed to pick up pace after the easing of restrictions related to the pandemic. Lives.
Total monthly active users in the third quarter came in at 390 million and were in line with a year ago as the company faces stiff competition from rivals Electronic Arts Inc. and Take-Two.
The company, which is all set to launch its new “Call of Duty” title and has a strong pipeline that includes titles like “Overwatch 2” and “Diablo Immortal,” said it saw adjusted sales in the fourth quarter. expected to be $2.78 billion.
According to Refinitiv data, analysts expected it to be $2.93 billion.
The Santa Monica, California-based company’s adjusted sales for the third quarter were $1.88 billion, in line with Wall Street’s expectations.
Last month, chief executive Bobby Kotick asked the company’s board to reduce its total compensation to its gender-related goals as Activision claims sexual harassment and discrimination at its workplace.
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