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Africa's $1.8 Billion Gaming Boom: Why Microsoft Can't Ignore Mobile
Wednesday, February 5, 2025 - 10:24am | 533Africa's gaming industry is exploding, and Microsoft Corp (NASDAQ:MSFT) might want to take notes. A new report from Carry1st and Newzoo shows the continent's gaming revenue hit $1.8 billion in 2024, surging 12.4% year-over-year, according to Techpoint Africa. But here's the kicker—90% of that...
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Is Candy Crush, Fortnite Next On Netflix? Streaming Giant Could Crack Open Popular Titles Following GTA
Wednesday, January 24, 2024 - 3:34am | 744In the wake of Grand Theft Auto Trilogy’s success on its platform, Netflix Inc. (NASDAQ:NFLX) seems to be considering an expansion into popular gaming titles. What Happened: During the fourth quarter earnings call, the streaming giant's co-CEO Greg Peters revealed that mainstream gaming...
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Candy Crush Saga Hits $20B Milestone As King Celebrates 20 Years
Friday, September 29, 2023 - 12:21pm | 343Activision Blizzard Inc (NASDAQ: ATVI) is celebrating King's 20th anniversary, the interactive entertainment company it acquired in 2016, with a focus on Candy Crush Saga's remarkable success. Candy Crush Saga generated a staggering $20 billion in revenue since its launch 11 years ago...
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Document Leak: Microsoft's Gaming Strategy Emphasizes Mobile, Ads
Wednesday, September 20, 2023 - 12:51pm | 334Microsoft Corporation (NASDAQ: MSFT) anticipate significant growth in the gaming industry, particularly in the areas of mobile gaming and advertising. That's according to a leaked 2022 presentation, which was disclosed as part of the Redmond, Washington-based company's legal battle with the...
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EXCLUSIVE: Activision Blizzard CFO On Q2 Results, Diablo IV, Microsoft Deal: 'It's All About Focus And Execution, Delivering Great Content'
Tuesday, July 25, 2023 - 3:04pm | 920One of the biggest storylines for the video game sector continues to be the pending acquisition of Activision Blizzard (NASDAQ: ATVI) by Microsoft Corp (NASDAQ: MSFT), which was announced in January 2022. Benzinga talked with Activision Blizzard CFO Armin Zerza to get an update on the...
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EXCLUSIVE: Activision Blizzard's 'Focused Strategy Is Working,' Mobile Was Largest Segment In Q1 — And 'There's More On The Way'
Thursday, April 27, 2023 - 3:37pm | 1070Video game giant Activision Blizzard Inc (NASDAQ: ATVI) made lots of headlines Wednesday with shares falling in response to an announcement that its pending acquisition by Microsoft Corporation (NASDAQ: MSFT) was being blocked by regulators in the United Kingdom. As shares sold off Wednesday,...
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48-Year-Old Mom Accidentally Dominates Candy Crush Tournament, Goes Viral
Thursday, April 20, 2023 - 6:35pm | 760Erryn Rhoden, a 48-year-old mother of three, has become a viral sensation after accidentally entering the Candy Crush All-Stars tournament and landing herself among the best players in the United States. What Happened: Rhoden, who has been playing the game for almost a decade, had no idea she had...
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33% Upside For Activision Blizzard With Microsoft Deal, 26% Upside Without? 3 Analysts React To Q4 Earnings
Tuesday, February 7, 2023 - 12:16pm | 698Video game company Activision Blizzard (NASDAQ: ATVI) reported fourth-quarter financial results after the market close Monday. The company broke several records in the quarter thanks to its key franchises. Here’s what analysts are saying after the print. The Activision Blizzard...
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Activision Blizzard Q4 Earnings Highlights: Net Bookings Record, Call Of Duty Performance, Microsoft Deal Update And More
Monday, February 6, 2023 - 5:39pm | 789Video game giant Activision Blizzard (NASDAQ: ATVI) reported fourth-quarter and full fiscal year financial results after the market close Monday. Here are the key highlights. What Happened: Activision Blizzard reported fourth-quarter GAAP net revenue of $2.33 billion, down from $2.16 billion year-...
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Activision Blizzard Q3 Earnings: Revenue And EPS Beat, Call Of Duty Sales Record, Microsoft Acquisition Update And More
Monday, November 7, 2022 - 5:42pm | 626Video game company Activision Blizzard (NASDAQ: ATVI) reported third-quarter results after the market close Monday. Here are the key highlights and an update on a pending acquisition of the company by Microsoft Corporation (NASDAQ: MSFT). What Happened: Activision Blizzard reported third-quarter...
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World of Warcraft Franchise Coming To Mobile: What Investors And Gamers Should Know
Wednesday, May 4, 2022 - 4:04pm | 590A new game is bringing the World of Warcraft franchise to mobile users. Here’s what investors and gamers should know about the Activision Blizzard (NASDAQ: ATVI) announcement. What Happened: Activision Blizzard announced details of the highly anticipated “Warcraft Arclight Rumble...
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Microsoft Analyst Says Acquisition Of Activision Blizzard Is 'A Major Bet On Consumer'
Tuesday, January 18, 2022 - 3:22pm | 557Microsoft Corporation (NASDAQ: MSFT) announced Tuesday a deal to buy Activision Blizzard Inc (NASDAQ: ATVI) for $95 per share in cash, valuing the game developer at $68.7 billion. An analyst at Wedbush broke down the deal dynamics, and how it will impact Redmond's business. The...
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Zynga Acquired By Take-Two: What's Next For The World Of Mobile Gaming
Monday, January 10, 2022 - 10:24am | 1071Mobile game company Zynga (NASDAQ: ZNGA) is being acquired by Take-Two Interactive Software (NASDAQ: TTWO) in a move to combine two gaming companies. Here’s what investors should know and what could be ahead for the gaming sector. What Happened: Take-Two is acquiring Zynga at an enterprise...
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Will Video Games Continue Growth, Even Against Tough Comps?
Friday, July 30, 2021 - 8:21am | 565One of the sectors to see massive growth during the COVID-19 pandemic was video games. The strong year-over-year increase in spending in the sector created optimism for many companies but also created some tough comparable sales. Strong second-quarter growth in the sector could show that the strong...
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Activision Blizzard Has Yellow Brick Road With Key Franchises Launching As Mobile Games
Wednesday, May 5, 2021 - 2:15pm | 712Analysts react to the first-quarter earnings from Activision Blizzard (NASDAQ: ATVI) on Tuesday night. The Activision Blizzard Analysts: Raymond James analyst Andrew Marok reiterates an Outperform rating and $120 price target. KeyBanc analyst Tyler Parker reiterates an Overweight rating and ...