For The Win: Google working on gaming service, Treyarch making next 'COD'
Welcome to "For The Win," The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: Among this week's biggest game releases is "Dynasty Warriors 9," an action game from Japanese publisher Koei Tecmo that launches today on the Xbox One (MSFT), PlayStation 4 (SNE), and PC. Also coming out today is "Kingdom Come: Deliverance," a medieval role-playing game from independent developer Warhorse Studios that is available on Xbox One, PS4, and PC. The game launches roughly four years after Warhorse Studios launched a crowdfunding campaign on Kickstarter to develop the project. TAKE-TWO, ACTIVISION EARNINGS: Two of the "big three" U.S. game makers reported quarterly results last week, with Take-Two (TTWO) reporting third quarter GAAP earnings per share of 21c, with net bookings of $653.9M, compared to analysts' estimates of $663.83M. The company also provided fourth quarter guidance that was above consensus estimates and boosted its outlook for fiscal 2018. Meanwhile, Activision Blizzard (ATVI) reported Q4 adjusted EPS of 94c on net bookings of $2.64B, compared to analysts' estimates for 93c and $2.55B, respectively. The company also provided a first quarter outlook above Wall Street estimates and raised its calendar year 2018 guidance. NEXT 'CALL OF DUTY' GAME: Two days before Activision reported quarterly results, Eurogamer reported the next game in the company's highly successful "Call of Duty" series would be called "Black Ops 4." According to Eurogamer, the game is currently in development at Treyarch, the studio behind the previous "Call of Duty: Black Ops" games. Activision Blizzard confirmed in its quarterly conference call later on that the next "COD" game will be made by Treyarch, but did not say what the title would be or if it was part of the "Black Ops" subseries. GOOGLE's 'YETI' SERVICE: Last Wednesday, The Information reported that Google (GOOG) is developing a subscription-based video game streaming service that could work on either Google's Chromecast or possibly a Google-made console still in development. The service has been codenamed "Yeti," according to The Information. MSFT SNE TTWO ATVI GOOG GOOGL