Activision Blizzard shares fell after news of the transfer of Diablo IV and Overwatch 2

Activision Blizzard had previously announced the rescheduling of Diablo IV and Overwatch 2 โ€” after that, the companys stock fell more than 14% . That doesnt mean that Activision Blizzard is facing serious financial difficulties. Yesterday, the company released its financial report, which noted that its net revenue for the third quarter of 2021 was $2.

07 billion. During the same period, it earned more than $1 billion from microtransactions.

And in the past nine months, the companys net profit increased by 2135 million. Investors are likely also affected by the ongoing scandals surrounding the company involving harassment and discrimination.

It was also revealed that Blizzard co-head Jen Onil has left her position to support women in the gaming industry. Mike Ibarra remains the sole head of the company.

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