Activision forecasts upbeat quarterly revenue even as gaming slows down

Activision Blizzard Inc forecast current-quarter adjusted revenue above estimates, as it expects demand for its popular franchises “Call of Duty” and “Candy Crush” to remain strong, sending its shares 4% higher in extended trading.

This comes after peer Take-Two Interactive Software Inc, creator of “Grand Theft Auto”, forecast its second-quarter adjusted sales below estimates on Monday.

Activision Blizzard said it expects robust performance from “Candy Crush” and “World of Warcraft” in the third quarter, complemented by the launch of the “Diablo II: Resurrected”.