• Gaming Industry News

    Activision Blizzard shares drop a further 11 per cent

    Shares of Activision Blizzard took another hit last night in the wake of the firm’s latest financial results. While the publisher’s net income is on the rise, its revenues, bookings and monthly active users all dipped. Bloomberg reports this caused an 11 per cent drop in its share price. It follows another blow to Activision’s shares earlier this week, as the backlash around the announcement of mobile outing Diablo Immortal prompted a 6.74% decline. This led to Activision’s lowest close of trading since January. The financial results brought the firm’s share price down to as low as $55.80 in extended trading. Bloomberg Intelligence analyst Matthew Kanterman suggests there is pressure…