According to the latest report, Activision Blizzard is no longer the most valuable game company in North America. Due to the recent stock price surge, the online creative game platform Roblox, the company of the same name behind the popular sandbox game, has surpassed Activision Blizzard to take first place in North America.
After the company’s financial report was announced, Roblox’s stock price rose by more than 40% on November 9, which made the company’s market value jump to more than $62 billion. In contrast, the market value of Activision Blizzard is currently about $52 billion. As of this week, in addition to these two companies, EA’s market value is about 39.7 billion US dollars.
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As Activision Blizzard decided to postpone the release of Diablo 4 and Overwatch 2, its stock price plummeted recently, directly lowering the company’s market value. After lawsuits and other investigations on allegations of sexual harassment and discrimination against women, Activision Blizzard’s stock price has been steadily declining since June this year.
As for Roblox, it just started trading when it went public in March this year. However, the company itself does not make games, but operates the Roblox platform and provides a framework for others to make games. On the other hand, Activision Blizzard is a more traditional game company that produces, publishes, markets and distributes games. Among them, Call of Duty, Warcraft and Diablo are its biggest IPs.