Activision Blizzard in free fall from PR nightmares and slowing growth

Activision Blizzard is in the middle of a company crisis — but investors have reasons to believe these are short-term issues. What’s the big deal? In February, nearly every sector benefiting from COVID took a hit — including gaming stocks. But one of the largest gaming creators, Activision Blizzard — owner of hit franchises like…

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Acquisition rumors heat up with mobile gaming companies

Investors want one of two things: to have their stocks turn into meme stocks, or get acquired for a big premium. In the gaming industry, acquisition rumors are louder than ever. Too big to ignore: Mobile gaming With 55% of US residents gaming during COVID, the gaming industry experienced massive growth. One area grew particularly…

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Unity Software delivers strong earnings and receives a buy upgrade

Going outside is highly overrated, try the virtual world. Unity ($U), the software company providing tools to build a virtual world, released its earnings on May 11, receiving a buy upgrade from Stifel on its strong results: $234.8m in sales — up 41% compared to the 1st quarter of 2020. $110m in net loss —…

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Zynga’s turnaround comes to an end and moves into growth mode

Everyone loves a comeback story — this one’s about Zynga, the mobile game creator. On Feb. 10, Zynga reported its fourth-quarter earnings report: $616m in sales up 61% from the previous year 36m average daily mobile users, growth of 77% from the previous year The era of mobile gaming Mobile gaming grew to an $85b…

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