Activision-Blizzard Exceeded Q3 Expectations

Video game giant Activision-Blizzard recently released its third-quarter 2022 financial results. And, according to Bloomberg, the company was able to beat analyst estimates for both bookings and profit.

Activision-Blizzard reported that net bookings fell by 2.6% to reach $1.83 billion for the quarter. Despite that decline, those profits still exceeded the $1.7 billion average analyst forecast that was formulated from data collected by Bloomberg. Moreover, adjusted earnings per share were $0.18 higher than initially predicted.

It sounds like mobile gaming had a lot to do with the company’s successful quarter. Mobile platform net bookings grew by 20% year-over-year to hit $1 billion.

With the recent launch of Call of Duty: Modern Warfare II, Activision-Blizzard will likely have another successful quarter to close out 2022. After all, that game was able to generate over $1 billion in the first ten days after its release.

(All information was provided by Benzinga, Bloomberg, and Business Wire)

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