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    Video Game Companies Had a Good Week, DraftKings Up Next

    By
    Aug 09, 2020 | 11:12 pm
    UPDATED Aug 16, 2020 | 02:52 pm
    Nintendo
    Harrison Hill, USA TODAY

    Recent earnings from Activision Blizzard, Nintendo, Sony and Take-Two Interactive showcased the big year the video game industry has had. Microsoft reported a 13% revenue bump two weeks ago, in part because of Xbox content and services revenue jumping 65%. Sony reported a 1% drop in profits, but game sales climbed 82% in the quarter.

    Video games have surged with stay-at-home orders during the coronavirus pandemic. Nintendo’s 428% increase in quarterly operating profits was fueled by the 22.4 million copies of “Animal Crossing: New Horizons” it sold.

    This week: 

    8/10: Liberty Media

    8/12: Tencent

    8/14: DraftKings

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