Facing workplace revolt, Activision Blizzard CEO Bobby Kotick says 'there is no place at our company where discrimination, harassment, or unequal treatment of any kind will be tolerated. Nowhere.”
Activision Blizzard Inc. shares rose in the extended session Tuesday after the videogame publisher’s results topped Wall Street estimates and executives focused on how the company will ensure productivity amid workplace-harassment allegations.
On the call, executives repeatedly stressed they were instituting several measures to make the company a safer, more diverse and equal place to work, but that continuing risk factors were still in play. Activision Blizzard shares rose more than 5% after hours, following a 3.5% decline in the regular session to close at $79.83.
Activision said adjusted earnings, which exclude share-based compensation expenses and other items, rose to $1.20 a share from 81 cents a share in the year-ago period. Read: Videogames entered the mainstream for good in the pandemic, but the industry faces a rough transition
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