Technology
Why Activision Blizzard Stock Popped Today – Motley Fool
More people are playing the company’s video games than ever before.
What happened
Shares of Activision Blizzard (NASDAQ:ATVI) rose on Wednesday after the video-game maker delivered impressive first-quarter financial results. As of 3 p.m. EDT, its stock price was up more than 3% after rising as much as 6.9% earlier in the day.
So what
Activision Blizzard’s revenue surged 27% year over year to $2.28 billion. This growth was driven by strong sales of the company’s core franchises, including Call of Duty, World of Warcraft, and Candy Crush.
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