Activision Blizzard (ATVI) delivered Q2 results that showed a significant decline from the year-ago quarter, even though earnings met consensus estimates. Q2 Revenues and Earnings Decline Revenues dropped to $1.64 billion from $2.30 billion in the year-ago quarter. GAAP Revenues from digital channels were $1.47 billion. On the other hand, earnings per diluted share (EPS) was $0.48, a drop from $1.20 in the year-ago quarter, coming in line with consensus estimates of $0.48. The weak results came as Activision faced a challenging economic environment characterized by high inflation levels and recession concerns.
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