While Activision Blizzard s financial report for the third quarter became known that OverVATCH 2 and DIABLO 4 will be moved. These are not good news for owners of ATVI shares. Even the ongoing changes in corporate governance do not allow investors to sleep very quietly. As a result, Activision Blizzard s share is currently in free fall.
Activision Blizzard: ATVI share after quarterly report in the sink (2) Source: Google Finance
Although the company announced a quarterly sales of $ 2.07 billion, the share fell 14 percent within one day and has only today (4.11.21) had a mini-upswing. Looking at the last six months, the ATVI share has meanwhile lost almost 25 percent.
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While the company s conference call told Chief Operating Officer Daniel Alegre: While we are still planning to deliver a considerable amount of content from Blizzard next year, we now plan a later start for Overwatch 2 and Diablo IV as originally intended. These are two of the most anticipated titles in the industry, and our teams have made great progress in completion in the last quarters.
However, Activision Blizzard remains optimistic about the prospects for the fourth quarter, and forecast for the next quarter a turnover of $ 2.02 billion, with a focus on Call of Duty Vanguard and the upcoming integration of Warzone.
Alegre also realized that we have experienced a strengthened competition on our talents and a higher voluntary fluctuation in the market, which has partially compensated for our success in the recruitment of employees, which is due to the current legal dispute.
Already in August investors were anything but enthusiastic when it came out that Blizzard is located in a sexus suit with the state of California. Investors would have better informed about this already starting case and ranged a class action after the ATVI share lost ten percent after this news.
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