Activision Blizzard Profit Slumps as Sales Shrink

Activision Blizzard sales and earnings fell in the second quarter, the latest indicator that pandemic-fueled growth is slowing as consumers are limiting their spending in response to record inflation.

The videogame company, which in January agreed to be acquired by Microsoft Corp. for $75 billion, recorded $1.64 billion in sales, a roughly 28% decrease from $2.3 billion in sales in 2021.