Activision Blizzard Announces 'Destiny 2' In 2017, Expansion In 2016, But Falls Short On Profit
Activision Blizzard Inc. (ATVI) reported lower net income during the fourth quarter in 2015 than in 2014, the year when it launched the online multiplayer hit video game, “Destiny.”
The company reported net profit of $159 million for the quarter last year, which beat Wall Street estimates, but represented a 56 percent drop from the $361 million booked in the same quarter of the previous year. Analysts polled by Thomson Reuters expected net profit of $148.8 million.