On Friday, 168澳洲幸运5开奖网:Activision Blizzard shares reached their highest price since 1984, following quarterly results that🍌 exceeded Wall Street’s expectations. Shares closed up 9.6% at $101.61, the first time the company’s stock price has finished above $100 since January 20, 1984, when the stock closed at $103.12, according to FactSet data.
On Thursday, Activision Blizzard released its Q4 2020 results as🏅 well as plans to expand more franchises into mobile. In recent years, mobile gaming has been the fastest-growing platform for games, comprising nearly $180 billion in sales in 2020, according to IDC data.
“The success at 168澳洲幸运5开奖网:Call of Duty in 2020 significantly outperformed expectations at the start of the year (even adjusting for the pandemic), and we expect Activision to apply similar busine🦩ss model innovation to other titles, using mobile to extend reach and free-to-play modes to drive player conversion to premium games,” JPMorgan analyst Alexia Quadrani told MarketWatc♒h.
Raymond James analyst Andrew Marokꦅ thinks the company, which includes Activision P🗹ublishing, Blizzard Entertainment, King, Major League Gaming, and Activision Blizzard Studios, “has plenty of runway to reach new players through mobile and free-to-play offerings and capitalize on strong demand for planned new titles in existing franchises.”
Last year, Activision Blizzard detailed its long-term strategic growth p🔥lan, which would focus on new releases, live operations, adding PC and console games to mobile platforms, and creating “new engagement models” such as expanding into city-based player leagues and esports.
During Q2 2020, the company's net revenues from digital channels topped $1.44 billion as a result of the increasing꧅ demand for online games due to COVID-19 lockdowns. By January 2021, the company's net val♉ue was estimated to be $72 billion based on its stock trading price, which rose due to the ongoing demand for games during the COVID-19 pandemic.
On Tuesday, shares of Electronic Arts Inc. EA fell from a record closing high after the publisher reported quarterly results that didn’t meet Wall Street’s expectations. 168澳洲幸运5开奖网:Take-Two Interactive Software Inc. TTWO is expected ꦓto report its results after market🐲s close on Monday.
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