Activision Blizzard, Inc (ATVI) - NASDAQ
  • Fri, Jul. 22, 10:18 PM
    • Videogame spending fell 26% Y/Y in June, facing tough comparisons against strong launches in 2015 and with hardware making up most of the decline, according to NPD Group data.
    • Overall spending was $652.2M. Videogame hardware spending came to $181.5M -- down 42% as unit sales fell 32% and prices on average dropped 15%, the firm said.
    • NPD Group has begun adjusting its report to include point-of-sale info for digital game sales made via PlayStation Network, Xbox Store and Steam, to reflect a fast-growing portion of industry revenues. That means for now that Nintendo sales and mobile sales, as well as other PC stores like EA's Origin, are missing and not projected.
    • In software, both videogame and PC game software fell 20%, though last June featured strong launches like Batman: Arkham Knight. Overall sales (now including digital formats) came to $322M for consoles/portable and $27.8M for PC games including Steam.
    • Accessories fell 6%, and interactive gaming toys (the lead accessory type) fell by 21%, mitigated somewhat by a 6% growth in headsets/headphones.
    • In individual games (now ranked by dollar sales), despite the tough comps May launches had a good second month. Overwatch (NASDAQ:ATVI) continued to top the chart, followed by Grand Theft Auto V (NASDAQ:TTWO) and Lego Star Wars: The Force Awakens (NYSE:TWX). The inclusion of digital full-game sales game GTA V a new boost.
    • PlayStation 4 (NYSE:SNE) again was the top-selling console, over Xbox One (NASDAQ:MSFT) and Wii U (OTCPK:NTDOY).
    | Fri, Jul. 22, 10:18 PM | 30 Comments
  • Wed, Jul. 6, 7:46 AM
  • Mon, Jun. 20, 5:36 PM
    | Mon, Jun. 20, 5:36 PM | 17 Comments
  • Tue, Jun. 14, 4:37 AM
    • The Electronic Entertainment Expo, or E3, is a little less deafening this year with the absence of Activision (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA), while Nintendo (OTCPK:NTDOY) has already told fans not to expect to see its next-generation game console, code-named NX.
    • Still, Sony and Microsoft got attendees buzzing on Monday with plenty of game announcements, and the unveiling of PlayStation VR (which will roll out Oct. 13) and Xbox One S.
    | Tue, Jun. 14, 4:37 AM | 5 Comments
  • Thu, May 12, 2:32 PM
    • Activision Blizzard (ATVI +1.8%) is taking another step with its media ambitions, teaming with Facebook to build out its broadcast network for E-sports.
    • At the NewFronts conference, the company debuted an "Enhanced Viewing Experience" for its platform, delivering high-definition video alongside a system to deliver stats, leaderboards and additional insights to viewers based on what they're watching.
    • "A linear broadcast, whether digital or traditional television, didn't tell the whole story of what was happening in real time in e-sports and as a new type of sport it really deserves its own type of viewing experience," Activision's Mike Sepso tells CNBC.
    • The Activision Blizzard Media Network will launch the new content and experiences and its Facebook broadcast collaboration during the MLG Anaheim Open (a tournament for Call of Duty: Black Ops 3) set to start June 10.
    • Now read The Activision-Blizzard-King Troika Is Becoming A Hold-Forever Opportunity »
    | Thu, May 12, 2:32 PM | 10 Comments
  • Fri, May 6, 7:09 PM
    • While Activision Blizzard (ATVI +8.5%) has been moving its flagship war shooter franchise into futuristic combat -- despite some wishes from ardent fans to return to World War II -- Electronic Arts (EA +2.7%) today says it will offer that counterprogramming with its new entry.
    • Battlefield 1 (despite the name, the latest in a long series that started on personal computers in 2002 with Battlefield 1942) will hark all the way back to World War I, EA says, featuring zeppelins, tanks, biplanes, and fights in Italian Alps and Arabian deserts.
    • Battlefield 1 is set for release Oct. 21 on PlayStation 4, Xbox One, and Origin for PC.
    • The company is set to report its Q4 earnings on Tuesday. Analyst consensus is for the company to post EPS of $0.42 on revenues of $888.9M.
    • Now read Electronic Arts: Strong Lineup Bodes Well For FY'17 »
    | Fri, May 6, 7:09 PM | 26 Comments
  • Fri, May 6, 6:18 PM
    • Activision Blizzard (NASDAQ:ATVI) rose 8.5% today after posting record results in its Q1 yesterday afternoon.
    • Digital revenues were a plus, growing 48%, and the company boasts 544M monthly active users with the help of King Digital. In-game advertising could become a key stream for the company as it targets King's 463M addicts to Candy Crush Saga and other games.
    • It's early days for those experiments, says CEO Ricardo Zacconi, but King's users are one of the "largest untapped audiences for advertisers in the world." Cowen's Doug Creutz said an early likelihood is an incentive ad: "If you watch this 30-second video, we'll give you two more lives."
    • Analysts today raised price targets across the board. Jefferies picked the highest new target, going to $45 from a previous $37 (implying 19% upside from today's boosted price). Mizuho raised its price target on shares to $42, from $35. Barclays boosted its target to $38, from $35.
    • Wedbush's Michael Pachter ($43 price target) says advertising will likely begin by the end of this year but really take off in 2017, and the firm believes Activision could earn "in excess of $3.00 by 2018" if it optimizes the opportunity.
    • Meanwhile, the company posted a reveal trailer for the latest entry in its money-minting Call of Duty franchise. Call of Duty: Infinite Warfare will double down on the series' recent focus on future fighting and look to include space skirmishes.
    • Now read Activision Blizzard Just Slapped Its Haters In The Face »
    | Fri, May 6, 6:18 PM | 3 Comments
  • Thu, May 5, 4:51 PM
    • An earnings beat with record results along with raised 2016 guidance has brought after-hours gains of 4.3% to Activision Blizzard (NASDAQ:ATVI).
    • Results exceeded the company's February outlook across the board. Non-GAAP revenue of $908M was a record, as were revenues from digital channels of $797M (up 48%).
    • Digital revenues now make up 88% of total, also an all-time high.
    • Activision's monthly active users came to 55M (up 10%) and Blizzard's to 26M (up 23%), both all-time highs. King Digital's MAUs were up 3% sequentially to 463M, and brought the company to 544M MAUs total.
    • For Q2, it's guiding to net revenues (non-GAAP) of $1.375B (vs. consensus for $1.293B) and EPS of $0.38 (above an expected $0.33). For the full year, it sees net revenues of $6.275B (in line) and EPS of $1.78 vs. expected $1.79.
    • Conference call link
    • Press Release
    | Thu, May 5, 4:51 PM | 4 Comments
  • Thu, May 5, 4:14 PM
    • Activision Blizzard (NASDAQ:ATVI): Q1 EPS of $0.23 beats by $0.11.
    • Revenue of $908M (+29.2% Y/Y) beats by $95.88M.
    • Shares +3%.
    • Press Release
    | Thu, May 5, 4:14 PM | 13 Comments
  • Wed, May 4, 5:35 PM
  • Wed, Apr. 13, 1:34 PM
    • Activision Blizzard (NASDAQ:ATVI) is up 3.9% today after Stifel Nicolaus bumped its price target higher ahead of expectations for a "record" year at Blizzard.
    • Analyst Drew Crum boosted the target to $40, from $35, implying 15% upside even from today's raised price of $34.78. The firm maintains a Buy rating on ATVI, and has raised its (non-GAAP) EPS estimate for 2017 to $2.32 from $2.20.
    • Crum's excited about Overwatch, a team-based sci-fi combat game coming May 24, which will “contribute to what we are forecasting as a record year for Blizzard, while further diversifying the portfolio." And accretion expectations from the King acquisition might be conservative, he says.
    • Destiny is still a concern for him, though a sequel coming into focus in the second half of 2017 could remedy that.
    • Now read Activision: 'Candy Crush Jelly Saga' Is Outperforming 'Hearthstone' Mobile »
    | Wed, Apr. 13, 1:34 PM | 9 Comments
  • Wed, Mar. 30, 4:37 PM
    • Activision Blizzard (ATVI +2.5%) has gotten a slight downgrade from Hilliard Lyons after an impressive six weeks has raised its valuation.
    • Shares have gained 11.6% since Feb. 12. Hilliard Lyons has reduced its rating from Buy to Long-Term Buy, with a valuation that "remains attractive despite the recent share price gains." The firm set a new two-year price target of $40, with Activision hitting its old one of $34.
    • Along with "creating new revenue streams in high-growth areas such as mobile gaming and e-sports (competitive gaming)," analyst Jeffrey Thomison notes, the company has a strong product pipeline ahead, with new entries in its Call of Duty and Destiny franchises alongside new entries like Overwatch.
    • Thomison sees non-GAAP EPS of $1.75 for the coming year and revenues of $6.26B after including the impact of the King Digital acquisition.
    | Wed, Mar. 30, 4:37 PM | 13 Comments
  • Thu, Mar. 24, 10:44 AM
    • Activision Blizzard (ATVI -1%) is set to unlock "significant value" from its acquisition of Candy Crush ruler King Digital, Piper Jaffray says.
    • The company closed on the King acquisition a month ago, sealing a claim to the world's largest game network, 500M users strong.
    • The firm reiterated an Overweight rating and a $39 price target, implying 21% upside from today's price of $32.27.
    • King is in the process of being "Activisionized," Piper's Michael Olson and Yung Kim say, facing operating efficiency improvements (spending only to maximize EBITDA) as well as monetizing the games by introducing advertising.
    • "King games currently only include cross-promotion of other titles. Many companies with comparable ad models drive significant ad revenue per MAU," they write. "We believe inclusion of ads in King games could drive EPS upside in ’17 and beyond."
    • Accretion estimates could be conservative: Ads on King's games could add more than 15% to annual EPS next year and beyond, they say.
    | Thu, Mar. 24, 10:44 AM | 9 Comments
  • Fri, Mar. 11, 11:56 AM
    • New games weren't in short supply, but a drag from hardware sent videogame sales down 12% Y/Y in February.
    • U.S. new physical gaming product sales at retail were $842.5M, NPD Group reports, down from a year-ago $960.3M -- though last year included Nintendo's (OTCPK:NTDOY +1.3%) launch of the 3DS XL.
    • Hardware sales fell 23% to $292.2M, paced by a 58% drop-off in portable hardware (again, against a tough comp with last year's Nintendo portable). Older-gen consoles (Xbox 360, PlayStation 3, Wii) continued to fall off, slipping 77%. Software sales declined 10% to $303.9M.
    • In U.S. new physical software, new release Far Cry: Primal from Ubisoft (OTCPK:UBSFY +0.1%) topped the charts while holiday release Call of Duty: Black Ops 3 (ATVI +2.3%) held strong at No. 2 just ahead of Grand Theft Auto V (TTWO +1.5%). And speaking of high-profile holiday releases, Star Wars: Battlefront (EA +1.3%) fell out of the top 10.
    • Games for PlayStation 4 (SNE +3%) are still dominating software sales overall. And Sony says the PS4 was again the top-selling console in February.
    | Fri, Mar. 11, 11:56 AM | 27 Comments
  • Wed, Mar. 2, 11:54 AM
    • Activision Blizzard (ATVI -1.2%) is following in the footsteps of a major competitor, saying it won't have a booth on the show floor this year at the Electronic Entertainment Expo, videogaming's largest trade event.
    • Electronic Arts (NASDAQ:EA) had dropped out of E3 in late January, saying it would hold its own event (EA Live) across the street with a goal of taking new game info more directly to fans.
    • "In June, we’re going to be at E3 showcasing gameplay from Infinity Ward’s ambitious new game," Activision said in its blog post discussing its next entry in the lucrative Call of Duty franchise. "We’re proud to be participating in this premier video game event, but won’t have an Activision booth on the show floor."
    • Both publishers have reiterated support for the show's host, the Entertainment Software Association, but their moves (combined with Sony and Microsoft next-gen console rollouts that happened elsewhere) are a blow to the once-dominant event. Activision was expected to move into the gigantic booth that was previously held by EA.
    • Previously: No EA at E3: Game maker gives up prominent spot for private event (Jan. 27 2016)
    | Wed, Mar. 2, 11:54 AM | 10 Comments
  • Tue, Feb. 23, 3:05 PM
    • Activision Blizzard (ATVI -2.9%) completed its acquisition of King Digital Entertainment (NYSE:KING) today, laying claim to the world's largest game network and boasting 500M users.
    • The deal closed for $5.9M in equity value ($18/share for King -- a premium over its pre-deal closing, but below its IPO price of $22.50). King will operate as an independent unit under the continuing leadership of CEO Riccardo Zacconi, COO Stephane Kurgan, and Chief Creative Officer Sebastian Knutsson.
    • The purchase fills a mobile hole in Activision's lineup: Mobile games accounted for 19% of total spending on videogame software in the 12 months up to September. And it lets Activision work on mobile talent internally rather than going to partners.
    • Activision's projecting 2016 non-GAAP revenues of $6.25B, operating income of more than $2B, and EPS of $1.75 (just light of consensus expectations for $1.79).
    • Previously: Activision Blizzard holds on to Buy ratings despite poor Q4 (Feb. 17 2016)
    • Previously: Activision Blizzard tanks 16% as earnings, outlook disappoint (Feb. 11 2016)
    | Tue, Feb. 23, 3:05 PM | 13 Comments
Company Description
Activision Blizzard, Inc. is an online, personal computer, video game console, tablet, handheld and mobile game publisher of interactive entertainment. The company operates through three segments: Activision Publishing, Inc., Blizzard Entertainment, Inc and Activision Blizzard Distribution. The... More
Sector: Technology
Industry: Multimedia & Graphics Software
Country: United States