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Activision Blizzard’s profits plummet as sales decline


ActivisionBlizzard sales and profits fell in the second quarter, the latest indicator that pandemic-fueled growth is slowing as consumers limit spending in response to record inflation.

The video game company, which agreed in January to be acquired by Microsoft Corp. for $75 billion, recorded $1.64 billion in sales, down about 28% from $2.3 billion in sales in 2021.

wsj

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