Activision Blizzard, Inc (ATVI) - NASDAQ
  • Mon, Jun. 20, 5:36 PM
    | Mon, Jun. 20, 5:36 PM | 17 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 MLG.tv 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, 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
  • 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
  • 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
  • Fri, Feb. 12, 12:37 PM
    | Fri, Feb. 12, 12:37 PM
  • Fri, Feb. 12, 9:17 AM
    | Fri, Feb. 12, 9:17 AM
  • Thu, Feb. 11, 5:35 PM
    | Thu, Feb. 11, 5:35 PM
  • Thu, Feb. 11, 4:55 PM
    • Activision Blizzard (NASDAQ:ATVI) has taken an after-hours dive, -16%, after it posted a Q4 miss on profits and sales despite some well-catalogued holiday game success.
    • The company guided well below expectations for Q1 profits. Non-GAAP net revenues of $2.118B were down 4% and also fell below the company's own prior outlook of $2.148B.
    • Call of Duty: Black Ops 3 was the year's best-selling physical videogame despite a November release. However, casual titles -- mainly Skylanders SuperChargers and Guitar Hero Live -- were "weaker than expected, we believe largely due to greater competition in the toys to life genre and due to the casual audiences shift to mobile devices."
    • Once closing on the acquisition of King Digital, though, "we will have the largest game network in the world, with over 500 million users playing our games every month," says CEO Bobby Kotick.
    • For Q1, it sees non-GAAP net revenues of $800M (vs. consensus of $756M) and EPS of $0.11 (well below an expected $0.18). For the full year, it's forecasting non-GAAP net revenues of $6.25B (vs. consensus of $5.47B) and EPS of $1.75, above expectations for $1.72.
    • Conference call link
    • Press Release
    | Thu, Feb. 11, 4:55 PM | 6 Comments
  • Mon, Feb. 8, 5:48 PM
    • Activision Blizzard (ATVI -5.9%) says in an 8-K that it's satisfied another of the terms related to its takeover of King Digital Entertainment (NYSE:KING) with clearance from South Korean regulators.
    • The Fair Trade Commission of the Republic of Korea has given the OK to the $5.9B deal, leaving just a few steps left.
    • The company must satisfy an EU Merger Regulation condition, and get sanction from the High Court of Ireland (where King is based) at a hearing set for Feb. 18. Activision says the scheme of arrangement is expected to take effect Feb. 23.
    • Activision shares are up 0.5% after hours.
    | Mon, Feb. 8, 5:48 PM | 8 Comments
  • Mon, Jan. 25, 4:50 PM
    • After a look at the holiday season, Credit Suisse is still bullish on a pair of videogame makers.
    • The firm's Stephen Ju has reiterated Outperform ratings on Electronic Arts (EA +0.8%) and Activision Blizzard (ATVI -3.3%). He's got a Neutral take on Take-Two Interactive (TTWO -0.1%). Of those, it's EA that hasn't taken a hit over the past month; ATVI is down 10.8% and TTWO down 6%.
    • The firm has maintained its price targets on EA ($90, 29% upside from today's $69.92) and Take-Two ($35, 4% upside from today's $33.61) and bumped its target on ATVI from $40 to $41 (18% upside from today's $34.73).
    • “The biggest changes to the model come for ATVI as we adjust for Overwatch and layer in contribution for KING," Ju writes. "For EA and TTWO we have made only modest adjustments to our near-to-medium term unit volume estimates as the product release slate has not changed materially."
    • Ju estimates Activision will sell 18M units of Call of Duty: Black Ops 3 in fiscal 2015, and that EA will still sell 12.85M units of Star Wars: Battlefront in fiscal 2016.
    | Mon, Jan. 25, 4:50 PM | 7 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