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Actionable news in ATVI: Activision Blizzard, Inc,

Rivals Foreshadow Good News for Activision

Investors are betting that Overwatch players spent up on in-game purchases during the latest quarter. Illustration: Blizzard

Ahead of Activision Blizzard’s earnings on Thursday afternoon, investors like what they’re seeing from the rest of the gaming world.

Shares are up 1.8% Thursday morning after rival Take-Two Interactive, the publisher of Grand Theft Auto, delivered more than double the earnings that Wall Street had been expecting. Take-Two, like other...