Activision Blizzard Stock Is Falling. Key Game Delays Trump an Earnings Beat. – Barrons

Activision Blizzard’s third-quarter earnings report beat expectations, but shares sank after the company announced delays on two key games and a Blizzard leadership departure.

The videogame maker announced delays for Overwatch 2 and Diablo IV, both key upcoming titles from the Blizzard catalog. The company declined to disclose a precise release date but said it’s not planning for material contributions from either game in 2022.

Activision…