Activision Plunges as Outlook Renews Fears About Fortnite Effect
- Disappointing forecast follow Diablo woes earlier this week
- New titles also face competition from Red Dead sequel
Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game.
Photographer: Troy Harvey/BloombergThis article is for subscribers only.
Activision Blizzard Inc. is once again grappling with the Fortnite effect.
Shares of the video-game maker plummeted 11 percent after it delivered a weaker-than-expected forecast, renewing doubts about whether its latest games can steal attention away from Fortnite and other rival titles like Red Dead Redemption 2.