Revenue in the second quarter hit $1.57 billion, up 50% from the same quarter last year, Activision Blizzard announced Thursday. Activision Blizzard said it expects $1.49 billion in revenue in the current quarter and earnings of 6 cents a share. Shares of Activision Blizzard rose nearly 1% in late-trading immediately after the earnings release, going up above $41. With more than 15 million players and 500 million hours played, the record-shattering release of team shooting game “Overwatch” lifted Activision Blizzard Inc. to its best ever second-quarter sales. King added 409 million monthly players, down slightly, the company said, because smartphone and tablet gaming usually drops in spring.

Source: Los Angeles Times August 04, 2016 21:11 UTC