console revenue drop 31
Activision Blizzard's console revenue drops 31 percent; 'World of Warcraft' is getting a mobile game
While companies are not required to hold earnings calls, it's rare for a major tech or gaming company to cancel its call ahead of an acquisition when "the ink is still wet" on the deal, according to Joost van Dreunen, a lecturer on the business of games at the New York University Stern School of Business. For example, Glu Mobile held earnings calls throughout 2020, ahead of its completed acquisition by Electronic Arts last April. However, last December, Slack canceled its earnings call after announcing Salesforce would acquire it. In 2016, Yahoo skipped its earnings call ahead of being bought by Verizon, in the midst of dealing with fallout from its data breach. Activision Blizzard is currently facing multiple lawsuits from employees, California's state Department of Fair Employment and Housing, shareholders and investigations from federal regulators over how management handled allegations of sexual misconduct, harassment and other corporate workplace issues.
- North America > United States > New York (0.31)
- North America > United States > California (0.31)