Activision Blizzard pre-releases earnings after Britain blocks Microsoft deal

South Africa News News

Activision Blizzard pre-releases earnings after Britain blocks Microsoft deal
South Africa Latest News,South Africa Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Call of Duty maker Activision Blizzard beat quarterly bookings estimates on Wednesday (Apr 25), as it reported results a day earlier to allay concerns about its business after Britain block

Shares of the company were trading 10 per cent lower, showing little reaction to the earnings report.

"We remain confident that our deal with Microsoft benefits competition, consumers and job creation in markets around the world, especially in the UK," Activision CEO Bobby Kotick said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Activision Blizzard reports quarterly bookings above estimatesActivision Blizzard reports quarterly bookings above estimatesVideogame publisher Activision Blizzard on Wednesday reported first-quarter bookings of $1.86 billion, compared with analysts' average estimate of $1.79 billion, according to Refinitiv.Earlier in the day, Britain said it would block Microsoft's $69 billion acquisition of the 'Call of Duty' maker over its
Read more »

UK blocks Microsoft $69 billion Activision deal over cloud gaming concernsUK blocks Microsoft $69 billion Activision deal over cloud gaming concernsLONDON :Britain said it would block Microsoft's $69 billion acquisition of 'Call of Duty' maker Activision Blizzard over its concerns it would hinder competition in cloud gaming.The country's antitrust regulator said Microsoft's commitment to offer access to Activision's multi-billion dollar 'Call of Duty' fr
Read more »

UK blocks Microsoft US$69 billion Activision deal over cloud gaming concernsUK blocks Microsoft US$69 billion Activision deal over cloud gaming concernsLONDON: Britain will block Microsoft's US$69 billion acquisition of 'Call of Duty' maker Activision Blizzard over its concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country's antitrust regulator said on Wednesday (Apr 26) that Micros
Read more »

Google, Amazon, Meta, Microsoft, 15 others subject to EU content rulesGoogle, Amazon, Meta, Microsoft, 15 others subject to EU content rulesBRUSSELS : Alibaba's AliExpress, Amazon's Marketplace, Apple's App Store and 16 other tech companies will be subject to new EU online content rules as of August, EU industry chief Thierry Breton said on Tuesday.The other 16 companies are booking.com, Facebook, Alphabet's Google Maps, Google Play, Google S
Read more »

Microsoft beats quarterly revenue estimatesMicrosoft beats quarterly revenue estimatesMicrosoft Corp beat Wall Street's estimates for third-quarter revenue on Tuesday, driven by growth in its cloud computing and Office productivity software businesses.Shares of the Redmond, Washington-based company gained 4 per cent in after-market trading.The company's revenue rose 7 per cent to $5
Read more »

Microsoft shares rise 4% as earnings, revenue top forecastsMicrosoft shares rise 4% as earnings, revenue top forecastsMicrosoft beat Wall Street's estimates for third-quarter revenue on Tuesday (Apr 25), driven by growth in its cloud computing and Office productivity software businesses. Shares gained 4 per cent in after-market trading following a report by Redmond, Washington-based Microsoft that profits were US$2.45 per
Read more »



Render Time: 2025-03-09 06:43:35