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.
8/10: Liberty Media