Activision Blizzard, publicly owned and headquartered in the US, was founded in 2008 and employs approximately 2,030 individuals. The company reported $7.9B in revenue as of 2024. It operates as a subsidiary of Microsoft and oversees subsidiaries including Blizzard Entertainment and Infinity Ward. The company specializes in consumer gaming, having been formed in July 2008 through the merger of Activision, Inc. and Vivendi Games. It has been a member of the S&P 500 Index since 2015.
Microsoft recently reported a $1.7 billion drop in Xbox revenue last quarter, signaling a double-digit year-over-year decline for its gaming division. This occurred amidst a strategic reset and ongoing mass layoffs, even as the tech giant saw an overall jump in profits. This development follows Microsoft's slashing of thousands of jobs within its Xbox division on July 18, which ignited a fierce response from organized labor. These moves aim to reshape the business after it acquired Activision Blizzard, but now faces softer revenue and disappointing subscriber numbers. Earlier, on July 16, Microsoft laid off 4,800 people, over 2% of its worldwide workforce, with its Xbox division experiencing the hardest hit. Separately, on July 12, the Call of Duty: Black Ops and Black Ops 2 collection topped charts on PlayStation, surpassing Grand Theft Auto 6, despite being basic ports with separately sold DLC.
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Activision Blizzard offers products in the media and telecoms services industry. Activision Blizzard's product portfolio comprises of consumer gaming.
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Activision Blizzard's revenues were $7.9B in 2024. All the revenue comes from video games.
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