×
You will be redirected back to your article in seconds

‘Fortnite’ Fears, Incorrect Earnings Leak Cause Activision Stock to Stumble

Activision Blizzard shares had a tumultuous afternoon after Dow Jones inadvertently broke an embargo and posted earnings for the company hours before they were set to be released. The stock initially jumped 3% then fell 5% before trading was halted on Thursday afternoon.

The company is set to release its earnings report after close of business on Thursday. Dow Jones originally reported that Activison posted earnings per share of 65 cents in the first quarter, and a “net” figure of $500 million, CNBC reports.  Dow Jones reported Activision’s revenue at $1.7B, when in fact it was later shown to be $1.97B.

At least one analyst has pointed out that this will be the first third-party game maker to post earnings in the shadow of the massive success of Epic Games’ “Fortnite.’ The battle royale game is the biggest free-to-play title in console history, pulling in $223 million in March alone.

Fortnite’s” success is relatively unparalleled, except by “PlayerUnknown’s Battlegrounds,” which had sold more than 30 million copies on PC as of February. By all intents and purposes, “Fornite’s” colossal rise in popularity wasn’t expected. When the game launched in July 2015, after six years of development, it was met with middling reviews and sales. However, after the success of “Battlegrounds” and the battle royale genre, and “Fortnite’s” own take on it, the game’s taken over the pop-culture lexicon. In November 2017, two months after adding the mode, “Fortnite” had more than 20 million players.

Other success stories out of the report include 2015’s “Call of Duty: Black Ops III,” which continues to hold an impressive audience despite being two iterations behind this year’s “Call of Duty: WWII”; “Far Cry 5,” which had a digital launch that was up nearly 500% compared to 2016’s “Far Cry Primal”; and “Candy Crush,” which had its must successful month since 2014.

Activision’s next big game will likely be “Call of Duty: Black Ops IIII,” which is expected to be detailed in the coming months. The “Call of Duty” franchise has historically split its gameplay between a single-player, narratively-driven campaign and multiplayer with a variety of different modes.

More Gaming

  • Director Dean DeBlois and online game

    'Dragon' Director Dean DeBlois and PUBG's CH Kim to Keynote 2019 VIEW Conference

    Dean DeBlois, director and executive producer of DreamWorks Animation’s “How to Train Your Dragon: The Hidden World,” and PUBG Corporation CEO CH Kim are the first keynote speakers announced for the 2019 VIEW Conference in Turin, Italy, in October. Since it began 12 years ago, VIEW, which stands for Virtual Interactive Emerging World, has continually [...]

  • Tfue to Create Own Esports Org

    Tfue to Create Own Esports Org After Faze Clan Split (Report)

    “Fortnite” streamer Turner “Tfue” Tenney wants to create his own esports organization after breaking away from Faze Clan earlier this week, according to PCGamesN. YouTuber Keemstar posted a message he received from Tfue’s brother, Jack Tenney, on Thursday reportedly outlining the streamer’s future plans. “Turner wants to create his own org, work with the brands [...]

  • Loot Box Bill Moves Forward With

    Loot Box Bill Moves Forward With Bipartisan Support

    Updated: A bill seeking to ban exploitative video game loot boxes and pay-to-win scenarios that target children is moving forward in the U.S. with bipartisan support. Senator Josh Hawley (R-MO) formally filed his bill, called the Protecting Children From Abusive Games Act, on Thursday. If it passes, it will ban companies from publishing minor-oriented games [...]

  • 'Ancestors: The Humankind Odyssey' Launches on

    'Ancestors: The Humankind Odyssey' Launches on Epic Game Store in August, Consoles in December

    “Ancestors: The Humankind Odyssey,” an open-world survival game from former “Assassin’s Creed” creative director Patrice Désilets, is officially launching on PC via the Epic Games Store on Aug. 27, developers Panache Digital Games and Private Division announced on Thursday. PlayStation 4 and Xbox One owners will have to wait a bit longer to play. Those [...]

  • 'Tetris 99' Is a Maelstrom of

    'Tetris 99' Is a Maelstrom of Industry Trends

    “Tetris” might be the perfect video game. Even now, thirty-five years after the first time, it still feels good to drop a long block into a narrow shaft and erase four lines at once. That this action is called a TETRIS is a clue to the game’s self-confidence: No other game would be so boastful [...]

  • Fortnite Battle Royale

    'Fortnite' Season Nine, Week Three Challenges Guide

    Season nine’s week-three challenges are live in “Fortnite,” and that means new ways to earn Battle Stars and experience. By collecting more Battle Stars and upping their tier, up to a season maximum of 100, players can earn limited-time rewards like cosmetic outfits and XP boosts. (Collecting 10 Battle Stars will unlock one additional tier.) [...]

  • New Handheld Console Playdate Has a

    New Handheld Console Playdate Has a Crank and 12 Games

    Portland-based Panic has a shiny new game console, called Playdate, and a slew of new games to go with it, the developer announced Wednesday via Twitter. Playdate is a bright yellow, handheld console with a black and white screen and a crank— no not for power, this little crank has functionality in some games for [...]

More From Our Brands

Access exclusive content