ATVI has a 390 million monthly active userbase and recently launched Call of Duty BlackOps Cold war. The company is forecasting a strong Q4 with a $2.7B revenue holiday quarter, up from $1.7B last quarter. This is because new consoles have been released and PC gaming continues to grow. It is also likely that the new Call of Duty game is gifted over the holiday season. It has come down here nicely over the past month, looking for a bottoming pattern to form.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.