Call of Duty: Black Ops 4's Blackout mode.

Activision Blizzard hits Q3 earnings but spooks investors with weak Q4 forecast

Investors seem prone to be spooked about Activision Blizzard‘s earnings these days.

Activision Blizzard reported results for the third fiscal quarter ended September 30 that exceeded analysts’ expectations on Thursday, but the stock fell 8 percent in after-hours trading because the company was cautious about its guidance for the all-important fourth fiscal quarter.

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Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.