Activision raises full-year forecast, third quarter revenue tops estimates

Activision Blizzard Inc reported higher-than-expected revenue for the third quarter, boosted by the success of its "World of Warcraft: Legion" and "Overwatch" videogames as well as its acquisition of "Candy Crush" mobile game-maker King. The company also raised its full-year adjusted profit and revenue forecasts. Activision's total adjusted revenue, which includes deferred revenue, rose to $1.63 billion in the third quarter ended Sept. 30 from $1.04 billion a year earlier.