Investors were looking forward to hearing Activision Blizzard‘s (NASDAQ: ATVI) fourth-quarter earnings report on Monday. The video game developer had trounced expectations through most of 2020 as it capitalized on spiking interest in at-home entertainment options. Its core Call of Duty franchise set new records for engagement and in-game spending in recent quarters, too.
That positive investing story held up through the holiday season, with overall results again blowing past the short-term forecast that CEO Bobby Kotick and his team issued.
Let’s dive right in and see what the latest report says about this game producer’s future.