"The environment is still competitive," said Dennis Durkin, chief financial officer and president of Activison, during a conversation Thursday with Wall Street analysts. "We are seeing a wider range of outcomes for the second half of the year" in 2019, he added.
The company said it expects to get sales of just over $ 1
Activision had $ 1.7 billion in revenue a year ago, boosted by expansions in two of the hit video game franchises: "Destiny" and "World of Warcraft." Wall Street did not expect Activision's forecast to hit last year's figures, but it hoped for more than $ 1.1 billion.
The third-quarter estimate "sounds pretty conservative," said Michael Pachter, an analyst at Wedbush Securities. "They get pretty pissed." He expects the third quarter to be at least possible in turnover.
Despite the miserable outlook, Activision gave investors some reasons to be hopeful.
"Candy Crush Saga" and its many spinoffs propelled Activision Blizzard to a better-than-expected second quarter. Revenues exceeded Wall Street's expectations.
Candy Crush is still the largest app in the United States. King, the developer that makes Candy Crush and is owned by Activision, brought in $ 499 million in revenue during the second quarter.
"Candy Crush continues to crush it," said CEO Robert Kotick, during a conversation with investors Thursday.  Call of Duty World League Finals 2019 "data-src-mini =" // cdn.cnn.com/cnnnext/dam/assets/190808174217-call-of-duty-world-league-small-169.jpg " data-src-xsmall = "// cdn.cnn.com/cnnnext/dam/assets/190808174217-call-of-duty-world-league-medium-plus-169.jpg" data-src-small = "http: //cdn.cnn.com/cnnnext/dam/assets/190808174217-call-of-duty-world-league-large-169.jpg "data-src-medium =" // cdn.cnn.com/cnnnext/dam /assets/190808174217-call-of-duty-world-league-exlarge-169.jpg "data-src-large =" // cdn.cnn.com/cnnnext/dam/assets/190808174217-call-of-duty- world-league-super-169.jpg "data-src-full16x9 =" // cdn.cnn.com/cnnnext/dam/assets/190808174217-call-of-duty-world-league-full-169.jpg "data -src-mini1x1 = "// cdn.cnn.com/cnnnext/dam/assets/190808174217-call-of-duty-world-league-small-11.jpg" data-demand-load = "not-loaded" data -eq-pts = "mini: 0, xsmall: 221, small: 308, medium: 461, large: 781" src = "data: image / gif; base64, R0lGODlhEAAJAJEAAAAAAP /////// wAAACH5BAEAAAIALAAAAAAQAAkAAAIKlI + p5 " />