© Reuters
By Yasin Ebrahim
Investing.com — Activision Blizzard (NASDAQ:) reported fourth-quarter results that beat Wall Street estimates just as the game maker’s sale to Microsoft (NASDAQ:) is expected to face more headwinds.
Activision Blizzard was up 0.8% in the hours after the report.
The game publisher posted Q4 earnings per share of $1.87, which beat expectations of $1.51 per share. Net bookings, the number of products and services sold digitally or sold physically, were $3.57 billion, beating estimates of $3.19 billion.
“We ended 2022 with record quarterly net bookings as we fulfilled our mission to bring epic joy to gamers,” the company said.
The quarterly results come as Activision Blizzard continues to focus on its impending $69 billion sale to Microsoft. But regulatory concerns about possible Microsoft antitrust practices have made closing the deal challenging.
Microsoft is reportedly expecting the UK’s competition watchdog to oppose its $69 billion deal to take over the video game company.
The agreement with Microsoft “will allow us to better serve our players, create greater opportunities for our employees and enable us to succeed in an increasingly competitive global gaming industry,” Activision said.
