Activision Blizzard’s first-quarter earnings were boosted by higher in-game spending, and its ‘Overwatch’ videogame league has attracted millions of viewers. Activision Blizzard beat its own forecast for first-quarter revenue by $145 million and profit by 18 cents a share. The company then released its full earnings report during trading hours Thursday. “We have issued a correction and are reviewing our processes.” In its earnings report, Activision Blizzard said the launch of its “Overwatch” videogame league in January has attracted millions of viewers, boosting combined play and watch times for the cartoonish shooter. Appeared in the May 4, 2018, print edition as 'In-Game Spending Bolsters Activision.'

Source: Wall Street Journal May 03, 2018 21:47 UTC