Activision Blizzard's revenue jumps in first quarter

SAN FRANCISCO (Reuters) - Video games maker Activision Blizzard Inc warned investors on Wednesday that it expects a challenging second-half and holiday quarter driven by heavy competition and uncertainty around the launch of new video game consoles. Shares of Activision were down 6.3 percent to $14.30 in after-hours trading after closing at $15.26 on the Nasdaq. Subscribers of "World of Warcraft," Activision's most profitable business and the source of a steady stream of subscription-based revenue, dropped sharply to 8.3 million last quarter from 9. ...



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