![]() ![]() Current Morningstar Fair Value Estimate: $92Īctivision Blizzard ( ATVI) posted another weak quarter with GAAP revenue down 28% due to the continued knock-on effect of weak sales and user retention of Call of Duty: Vanguard versus the 2020 installment.While mobile comprised almost 70 per cent of NetEase's fiscal year 2022 revenue, the firm announced its first US studio, Jackalope Games, will be working on PC/console titles exclusively. Given that the subject matter of the game features killing demons and witches, it is speculated that the regulators took issue with the violent and religious content. NetEase received a gaming license from Chinese regulators for Diablo Immortal in February 2021, months before new game licenses were halted for almost nine months. Although the stock has rebounded slightly over the day, reaching 141 HKD per share at the time of writing. In response to this delay, NetEase stock fell more than nine per cent on Monday, from 151.50 HKD to 136 per share: the lowest price since April 26. NetEase were due to release the game on Thursday June 23, but said on Sunday June 19 that the release has been delayed as the team wanted to make “multiple optimisation adjustments”, as well as improve the gameplay experience. Just three days prior to Diablo Immortal’s release in China, gaming company NetEase announced the delay of the game, resulting in a nine per cent decline in share value, according to Reuters.
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