Although lockdowns are long lifted, gamers are still going strong. Activision Blizzard (NASDAQ:ATVI) is trading higher in the premarket after its 4Q earnings beat estimates on the top and bottom line. Bookings hit a new quarterly record at $3.57 billion, up 43% year-over-year. The company said it ended the quarter with 389 million monthly active users. Mobile and console gaming both saw a boost from Activision’s Call of Duty franchise, while Blizzard’s World of Warcraft and King’s Candy Crush also saw gains.

On the other hand, Take-Two Interactive (NASDAQ:TTWO) is slightly lower premarket, with several analysts slashing their price targets on the stock. Take-Two reported a loss per share for the quarter and lowered its forward guidance. The company also announced it was cutting costs, including personnel, seeking $50 million in annual savings. Take-Two’s CEO remarked that the environment is “more challenging than we anticipated.” The company does not have any major games scheduled for its 2023 fiscal year (which ends in March), although some analysts expect the next Grand Theft Auto installment to be out in its 2024 fiscal year.