Activision Blizzard Inc. ‘s first-quarter sales and profit plunged as demand for its Call of Duty videogame franchise fell.

The videogame company, which in January agreed to be purchased by Microsoft Corp. for $75 billion, posted a 22.3% drop in sales from a year ago, reflecting weaker premium sales for “Call of Duty: Vanguard,” the latest installment in the popular franchise, as well as lower engagement with “Call of Duty: Warzone,” a free-to-play title.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

The Many Metaphors of Metamorphosis

As far as metaphors for change go, this is a potent one.…

The Risk of Relying on Smart-Home Companies

Late last week, the smart-lighting company Insteon abruptly shut down without issuing…

15 Best Gifts for Dads (2023): Grilling Gear, Coffee, Mitts

Your dad probably isn’t going to complain about any gift you give…

Canada fired its Chinese ambassador over remarks regarding arrested Huawei executive

Canadian Prime Minister Justin Trudeau has fired his Chinese ambassador, John McCallum,…