Market Summary
USD79.87+0.61
Market Closed0.77%
ATVI Alerts
ATVI Stock Price
ATVI RSI Chart
ATVI Valuation
ATVI Price/Sales (Trailing)
ATVI Profitability
ATVI Fundamentals
ATVI Revenue
ATVI Earnings
Price Action
52 Week Range
70.9481.50
(Low)(High)
Last 7 days
-0.3%
Last 30 days
3.5%
Last 90 days
3.8%
Trailing 12 Months
0.3%
ATVI Financial Health
ATVI Investor Care
Peers (Alternatives to Activision Blizzard)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NFLX | 138.1B | 31.6B | -15.28% | -11.62% | 30.74 | 4.37 | 6.46% | -12.20% |
ATVI | 62.5B | 7.5B | 3.49% | 0.28% | 41.28 | 8.3 | -14.48% | -43.94% |
EA | 31.2B | 7.4B | -1.61% | -7.67% | 23.96 | 4.23 | 13.28% | 56.80% |
TTWO | 19.5B | 4.8B | 1.73% | -20.70% | -48.26 | 4.03 | 41.58% | -176.72% |
| MID-CAP | ||||||||
WWE | 6.3B | 1.3B | -4.49% | 49.32% | 32.07 | 4.86 | 17.93% | 10.25% |
MSGS | 4.4B | - | -3.27% | 12.39% | 78.75 | 5.31 | 97.57% | 3.36% |
TRIP | 2.4B | 1.5B | -24.37% | -23.30% | 121.77 | 1.63 | 65.41% | 113.51% |
ZNGA | - | - | -8.50% | -21.80% | - | - | - | - |
| SMALL-CAP | ||||||||
MSGE | 1.9B | 2.0B | -11.56% | -31.40% | -20.33 | 0.98 | 52.20% | 29.12% |
CNK | 1.5B | 2.5B | 6.77% | -21.19% | -5.61 | 0.62 | 62.51% | 35.86% |
SCPL | 399.3M | 671.0M | 3.81% | 30.81% | 17.83 | 0.6 | 10.71% | 16.06% |
CIDM | 83.6M | 72.3M | -26.90% | -32.70% | -9.35 | 1.16 | 52.38% | -305.26% |
DLPN | 18.7M | 6.2M | -13.46% | -50.28% | -4.48 | 3.04 | -31.96% | 11.42% |
Financials for Activision Blizzard
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.3% | 7,528 | 7,357 | 7,645 | 8,297 | 8,803 |
| S&GA Expenses | 10.6% | 1,217 | 1,100 | 1,057 | 1,039 | 1,025 |
| R&D Expenses | 13.2% | 1,421 | 1,255 | 1,307 | 1,331 | 1,337 |
| Costs and Expenses | 9.0% | 5,858 | 5,374 | 5,323 | 5,354 | 5,544 |
| EBITDA | -14.4% | 1,958 | 2,287 | 3,080 | 3,389 | - |
| EBITDA Margin | -13.1% | 0.26* | 0.30* | 0.37* | 0.38* | - |
| Earnings Before Taxes | -9.4% | 1,744 | 1,924 | 2,183 | 2,864 | 3,164 |
| EBT Margin | -11.4% | 0.23* | 0.26* | 0.29* | 0.35* | - |
| Interest Expenses | 0% | 108 | 108 | - | - | - |
| Net Income | -9.6% | 1,513 | 1,674 | 1,878 | 2,474 | 2,699 |
| Net Income Margin | -11.7% | 0.20* | 0.23* | 0.25* | 0.30* | - |
| Free Cahsflow | 27.5% | 2,129 | 1,670 | 1,926 | 2,139 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 6.9% | 27,383 | 25,620 | 24,994 | 25,012 | 25,056 |
| Current Assets | 10.4% | 14,469 | 13,110 | 12,507 | 12,486 | 12,556 |
| Cash Equivalents | -8.8% | 7,060 | 7,743 | 10,483 | 10,967 | 10,423 |
| Net PPE | 12.9% | 193 | 171 | 175 | 174 | 169 |
| Goodwill | 0.0% | 9,929 | 9,928 | 9,931 | 9,799 | 9,799 |
| Liabilities | 19.5% | 8,140 | 6,812 | 6,746 | 7,181 | 7,457 |
| Current Liabilities | 56.1% | 3,555 | 2,278 | 2,024 | 2,291 | 2,411 |
| Long Term Debt | 0.0% | 3,610 | 3,609 | 3,608 | 3,608 | - |
| LT Debt, Non Current | 0.0% | 3,611 | 3,610 | 3,609 | 3,608 | 3,608 |
| Shareholder's Equity | 2.3% | 19,243 | 18,808 | 18,248 | 17,831 | 17,599 |
| Retained Earnings | 3.2% | 13,171 | 12,768 | 12,333 | 12,053 | 12,025 |
| Additional Paid-In Capital | 0.6% | 12,260 | 12,192 | 12,069 | 11,927 | 11,715 |
| Shares Outstanding | 0% | 782 | 782 | 780 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 26.3% | 2,220 | 1,758 | 2,022 | 2,212 | 2,414 |
| Share Based Compensation | -16.0% | 462 | 550 | 513 | 455 | 508 |
| Cashflow From Investing | -58.5% | -4,994 | -3,151 | -138 | 34.00 | -59.00 |
| Cashflow From Financing | -15.8% | -534 | -461 | -517 | -523 | -521 |
| Dividend Payments | Infinity% | 367 | 0.00 | 0.00 | 365 | - |
Risks for ATVI
What is the probability of a big loss on ATVI?
44.6%
Probability that Activision Blizzard stock will be more than 20% underwater in next one year
35.8%
Probability that Activision Blizzard stock will be more than 30% underwater in next one year.
28.5%
Probability that Activision Blizzard stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ATVI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Activision Blizzard was unfortunately bought at previous high price.
Drawdowns
Returns for ATVI
Cumulative Returns on ATVI
19.3%
10-Year Cumulative Returns
14.2%
7-Year Cumulative Returns
2.7%
5-Year Cumulative Returns
11.0%
3-Year Cumulative Returns
What are the long-term rolling returns for ATVI?
FIve years rolling returns for Activision Blizzard.
Annualized Returns
Which funds bought or sold ATVI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 4.76 | 27,260 | 377,260 | 0.01% |
2023-03-10 | MATHER GROUP, LLC. | reduced | -6.63 | -24,885 | 613,115 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -4.02 | -452,505 | 38,173,500 | 0.04% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 47.42 | 4,964,000 | 14,548,000 | 0.07% |
2023-03-06 | NORTH STAR ASSET MANAGEMENT INC | unchanged | - | 42,130 | 1,458,130 | 0.09% |
2023-03-03 | TIAA, FSB | reduced | -6.49 | -40,859 | 1,060,140 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | reduced | -5.66 | -172 | 3,828 | -% |
2023-03-01 | Regal Investment Advisors LLC | new | - | 203,294 | 203,294 | 0.02% |
2023-02-28 | Voya Investment Management LLC | added | 248 | 57,151,300 | 79,202,300 | 0.11% |
2023-02-27 | Parallax Volatility Advisers, L.P. | reduced | -99.34 | -1,648,670 | 11,329 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
ATVI Alerts
Activision Blizzard News
Schedule 13G FIlings of Activision Blizzard
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | berkshire hathaway inc | 6.7% | 52,717,075 | SC 13G | |
| Feb 13, 2023 | capital international investors | 0.1% | 555,244 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 7.91% | 61,897,641 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.2% | 56,307,360 | SC 13G/A | |
| Feb 11, 2022 | capital international investors | 5.3% | 41,106,446 | SC 13G | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 8.33% | 64,883,729 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.9% | 61,381,263 | SC 13G/A | |
| Feb 16, 2021 | capital international investors | 3.7% | 28,319,872 | SC 13G/A | |
| Feb 16, 2021 | capital world investors | 3.7% | 28,762,519 | SC 13G/A |
ATVI Fair Value
Activision Blizzard fair value in different scenarios
The table shows the Fair Value estimates for Activision Blizzard for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 33.12 -58.53% | 51.62 -35.37% | 65.97 -17.40% | 86.38 8.15% | 106.49 33.33% |
| Current Inflation | 22.73 -71.54% | 34.17 -57.22% | 43.99 -44.92% | 57.40 -28.13% | 69.24 -13.31% |
| Very High Inflation | 28.22 -64.67% | 41.08 -48.57% | 49.89 -37.54% | 63.61 -20.36% | 76.68 -3.99% |
Historical Activision Blizzard Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Activision Blizzard
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for ATVI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-13 | Alegre Daniel | sold | -694,490 | 78.5 | -8,847 | president and coo |
2023-03-09 | DIXTON GRANT MICHAEL | sold (taxes) | -58,855 | 78.37 | -751 | chief legal officer |
2023-03-09 | ZERZA ARMIN | sold (taxes) | -115,282 | 78.37 | -1,471 | chief financial officer |
2023-03-09 | BULATAO BRIAN | sold (taxes) | -69,827 | 78.37 | -891 | chief administrative officer |
2023-03-09 | Alegre Daniel | sold (taxes) | -449,844 | 78.37 | -5,740 | president and coo |
2023-03-09 | YANG JESSE | sold (taxes) | -6,896 | 78.37 | -88.00 | dep cfo, comptr & pr acctg off |
2023-03-06 | Alegre Daniel | acquired | - | - | 14,587 | president and coo |
2023-03-06 | BULATAO BRIAN | acquired | - | - | 3,271 | chief administrative officer |
2023-03-06 | ZERZA ARMIN | acquired | - | - | 3,925 | chief financial officer |
2023-03-06 | DIXTON GRANT MICHAEL | acquired | - | - | 1,840 | chief legal officer |
Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, Overwatch League, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company is headquartered in Santa Monica, California.
ATVI Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Net revenues | |||
| Total net revenues | $ 7,528 | $ 8,803 | $ 8,086 |
| Cost of Revenue-product sales and in-game, subscription, and other: | |||
| Product development | 1,421 | 1,337 | 1,150 |
| Sales and marketing | 1,217 | 1,025 | 1,064 |
| General and administrative | 1,001 | 788 | 784 |
| Restructuring and related costs | (3) | 77 | 94 |
| Total costs and expenses | 5,858 | 5,544 | 5,352 |
| Operating income | 1,670 | 3,259 | 2,734 |
| Interest expense from debt | 108 | 108 | 99 |
| Other (income) expense, net (Note 18) | (182) | (13) | (12) |
| Loss on extinguishment of debt | 0 | 0 | 31 |
| Income before income tax expense | 1,744 | 3,164 | 2,616 |
| Income tax expense | 231 | 465 | 419 |
| Net income | $ 1,513 | $ 2,699 | $ 2,197 |
| Earnings per common share | |||
| Basic (in dollars per share) | $ 1.94 | $ 3.47 | $ 2.85 |
| Diluted (in dollars per share) | $ 1.92 | $ 3.44 | $ 2.82 |
| Weighted-average number of shares outstanding | |||
| Basic (in shares) | 782 | 777 | 771 |
| Diluted (in shares) | 789 | 784 | 778 |
| Product sales | |||
| Net revenues | |||
| Total net revenues | $ 1,642 | $ 2,311 | $ 2,350 |
| Product costs | |||
| Cost of Revenue-product sales and in-game, subscription, and other: | |||
| Cost of revenues | 519 | 649 | 705 |
| Software royalties and amortization | |||
| Cost of Revenue-product sales and in-game, subscription, and other: | |||
| Cost of revenues | 231 | 346 | 269 |
| In-game, subscription, and other revenues | |||
| Net revenues | |||
| Total net revenues | 5,886 | 6,492 | 5,736 |
| Game operations and distribution costs | |||
| Cost of Revenue-product sales and in-game, subscription, and other: | |||
| Cost of revenues | 1,324 | 1,215 | 1,131 |
| Software royalties and amortization | |||
| Cost of Revenue-product sales and in-game, subscription, and other: | |||
| Cost of revenues | $ 148 | $ 107 | $ 155 |
ATVI Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 7,060 | $ 10,423 |
| Held-to-maturity investments | 4,932 | 0 |
| Accounts receivable, net | 1,204 | 972 |
| Software development | 640 | 449 |
| Other current assets | 633 | 712 |
| Total current assets | 14,469 | 12,556 |
| Software development | 641 | 211 |
| Property and equipment, net | 193 | 169 |
| Deferred income taxes, net | 1,201 | 1,377 |
| Other assets | 508 | 497 |
| Intangible assets, net | 442 | 447 |
| Goodwill | 9,929 | 9,799 |
| Total assets | 27,383 | 25,056 |
| Current liabilities: | ||
| Accounts payable | 324 | 285 |
| Deferred revenues | 2,088 | 1,118 |
| Accrued expenses and other liabilities | 1,143 | 1,008 |
| Total current liabilities | 3,555 | 2,411 |
| Long-term debt, net | 3,611 | 3,608 |
| Deferred income taxes, net | 158 | 506 |
| Other liabilities | 816 | 932 |
| Total liabilities | 8,140 | 7,457 |
| Commitments and contingencies (Note 22) | ||
| Shareholders’ equity: | ||
| Common stock, $0.000001 par value, 2,400,000,000 shares authorized, 1,212,894,055 and 1,207,729,623 shares issued at December 31, 2022 and December 31, 2021, respectively | 0 | 0 |
| Additional paid-in capital | 12,260 | 11,715 |
| Less: Treasury stock, at cost, 428,676,471 shares at December 31, 2022 and December 31, 2021 | (5,563) | (5,563) |
| Retained earnings | 13,171 | 12,025 |
| Accumulated other comprehensive loss | (625) | (578) |
| Total shareholders’ equity | 19,243 | 17,599 |
| Total liabilities and shareholders’ equity | $ 27,383 | $ 25,056 |