Wednesday, May 6, 2020

Activision Blizzard Gains As Video Games See Surge

Santa Monica-based Activision Blizzard is seeing a surge in customers, the company said on Tuesday, as a result of the continuing COVID-19 pandemic. CEO Bobby Kotick told CNN yesterday that "the environment that we're in today, where you have high levels of unemployment and economic uncertainty, having free games on phones is going to probably be a big way to grow the audience". The video game industry seems to be one of the few industries benefiting from the ongoing pandemic. The company just reported results, with sales up 21 percent in the company's first quarter, up to $1.52 billion in Q1.