Activision Blizzard’s quarterly adjusted sales misses estimates

A crowd waits for a video presentation at the Activision booth during the Electronic Entertainment Expo, known as E3, in Los Angeles, California.
Jonathan Alcorn | Reuters

Videogame publisher Activision Blizzard missed estimates for first-quarter adjusted sales on Monday, hurt by low demand for its latest title “Call of Duty: Vanguard.”

The company’s quarterly adjusted sales stood at $1.48 billion, compared with analysts’ estimates of $1.80 billion, according to Refinitiv IBES data.

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