Sued by the U.S. Equal Employment and Opportunity Commission for sexually harassing and discriminating against an employee in the past few months. Activision Blizzardwas sentenced to pay a full $18 million in damages. Losing serious prestige in front of the public for months, the company shared how this process went financially. Here are the details…
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Activision did not bleed after harassment lawsuit
Activision, the owner of the biggest productions of the game world such as World of Warcraft, Diablo, Hearthstone and Overwatch, has been going through a very painful process since the past months. The company’s female employees are the same as many of the men working at Activision Blizzard. alleged that he sexually harassed and bullied them andHe started a strike.
Especially after the death of a female employee who committed suicide after these harassments, the company’s prestige was seriously shaken by the blood-curdling allegations, such as the company’s employees continued to share obscene photos of the woman. Although the CEO of the company Bobby KotickAlthough the company denies the allegations with its statement, the company 18 million dollars could not avoid paying a compensation.
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After all this painful process and loss of prestige, it was said that Activision Blizzard suffered a serious financial loss and the company was facing a great loss of value. However, the company published According to the financial report for the third quarter of 2021 It’s the exact opposite situation…
According to the published financial report, the third quarter of the year $2.07 billion With net income, the company far exceeded the previous forecast of $1.97 billion. Famous companies, especially Diablo II: Resurrectedits value in the market after its release by 20 percent announced that it has increased
Here is the statement made by the CEO of the company, Bobby Kotick:
“I am proud to say that the reports for the third quarter of 2021 are beyond our projections. We are excited about this week’s Call of Duty launch and expect continued success in the fourth quarter.
I want to thank our employees for their dedication to each other, to the company, and to our players. We look forward to sharing progress updates on our workplace initiatives as well as our business performance.”
Bobby Kotick
So what do you think about the financial report published by Activision Blizzard? You can share your views with us in the comments section.