FINSUM + Magnifi: Video Games Earnings Season Hits

August 12, 2021

Electronic video games have been one of the post-pandemic success stories because their success has translated well to the environment. Q2 earning are dropping soon, and some investors are losing the bullish vigor for the burgeoning industry as reopening could be bad for video games. The question remains how many players will remain home for the reopening and help support the industry that has almost doubled in value. Activision Blizzard will most likely have steady earnings this quarter and bookings of around $1.9 billion driven by their Call of Duty franchise. For EA, the consensus estimate is $1.3 billion, being driven by future titles in the FIFA franchise and Battlefield 2042. EA’s primary boost is expected to be in the third quarter after the acquisition of a mobile developer and the launch of these new titles.

(Los Angeles)

FINSUM + Magnifi: Assuming the Delta variant causes delays to reopening plans, video game success is probably going to stick around.

Other news today: JPMorgan Says Don't Worry About China and Why Gold Will Hit $3,000
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