Activision Blizzard, the largest video game publisher, reported recession-resistant results on Wednesday, with record revenues and profits, in sharp contrast to the fortunes of rivals.
However, its shares fell as much as 9 per cent in after-hours trading to $8.60 as forecasts for its March quarter of $550m in sales fell short of analyst expectations of $628m. The publisher of best-selling franchises Call of Duty, Guitar Hero and World of Warcraft said it had surpassed profits and sales targets a year ahead of plan for the merger of Activision and Vivendi’s games division, which was completed last July.
