Video game retailer GameStop reported mixed third quarter earnings after the close Tuesday $GME stock has been a hot stock in 2020 with investors like Scion’s Michael Burry and Chewy’s Ryan Cohen and is one of the most heavily shorted stocks on the market with approximately 90% of the shares in lending programs. $GME fell 20% on the report.
Video game publisher Activision Blizzard reported better than expected second quarter earnings and guided its full year 2020 guidance. $ATVI saw growth from World of Warcraft Classic and core games include Overwatch, Call of Duty, and Candy Crush mobile games.
Video game publisher Electronic Arts reported better than expected June quarter earnings after the market Thursday. The Covid lockdown saw gamers exceed all forecasts of interactions and purchasers. $EA guided higher for next quarter.
Video game maker Electronic Arts reported better than expected December quarter earnings after the market Thursday. However $EA traded lower after warning on next quarters revenue. FIFA Ultimate Team matches were up nearly 40% y/y as it competed with Fortnite.
Video game publisher Activision Blizzard reported better than expected third quarter earnings and guided higher. $ATVI saw growth from its World of Warcraft Classic launch. Core games include Overwatch, Call of Duty, and Candy Crush mobile games.
Fortnight is a phenomenom, a game seemingly out of nowhere to having over 250 million users in just over two years. With that comes love, hate and of course legal opportunism in a time of no responsibility. A Canadian law firm is suing Epic Games for creating Fortnite that is “as addictive, and potentially harmful, as cocaine”
Video game retailer GameStop reported first quarter earnings with a better EPS but missed on sales down 13% year-over-year to $1.5 billion seeing $GME plunge 40%. While escapism is in vogue, Fortnite and online has changed the landscape.
Escapism is in vogue and Fortnite has changed the landscape. Nintendo Switch, Sony PS4, Microsoft XBox and PC games are all bringing us powerful gaming systems. Which games will keep us playing, here’s my 5 Most Anticipated Video Games for 2019.
Video game publisher Activision Blizzard reported worser than expected third quarter earnings and guided lower for next quarter confirming concerns about holiday sales. The report followed a not so well received Diablo Immortal at BlizzCon 2018.
Video game maker Electronic Arts fell over 12% last week after it announced it would be delaying Battleship V after previous raised sales guidance. $EA was also hit by a downgrade by Bank of America on both the Battleship news and Fortnite gains.