Activision Blizzard No Longer America’s Most Valuable Video Game Company
Activision Blizzard no longer holds the distinction of America’s Most Valuable Game Company. Roblox, the company behind the hugely popular sandbox game of the same name, has overtaken Activision Blizzard thanks to a recent surge in its share price.
Roblox shares jumped more than 40% on Tuesday after the company’s earnings report, catapulting the company’s market cap beyond $ 62 billion. This compares to Activision Blizzard’s market cap of around $ 52 billion (via Sarah Needleman of the WSJ). Outside of those two companies, Electronic Arts has a market cap of around $ 39.7 billion this week.
Activision Blizzard’s stock price recently fell, pushing the company’s market capitalization down, following its decision to delay Diablo 4 and Overwatch 2. Activision Blizzard’s stock value It has steadily declined since June following prosecutions and other investigations into allegations of sexual harassment. and discrimination against women.
Roblox didn’t start trading until March when it went public. The company does not make games per se, but rather operates the platform for other people to make games.
Activision Blizzard, on the other hand, is a more traditional games company that makes, publishes, markets, and distributes games, with Call of Duty, Warcraft, and Diablo being some of its biggest franchises. He also owns King, which makes the Candy Crush games.
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