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Activision Blizzard Inc Stock Research

ATVI

79.87USD+0.61(+0.77%)Market Closed

Market Summary

USD79.87+0.61
Market Closed
0.77%

ATVI Alerts

ATVI Stock Price

ATVI RSI Chart

ATVI Valuation

Market Cap

62.5B

Price/Earnings (Trailing)

41.28

Price/Sales (Trailing)

8.3

EV/EBITDA

30.14

Price/Free Cashflow

29.34

ATVI Price/Sales (Trailing)

ATVI Profitability

EBT Margin

23.17%

Return on Equity

7.86%

Return on Assets

5.53%

Free Cashflow Yield

3.41%

ATVI Fundamentals

ATVI Revenue

Revenue (TTM)

7.5B

Revenue Y/Y

7.91%

Revenue Q/Q

30.98%

ATVI Earnings

Earnings (TTM)

1.5B

Earnings Y/Y

-28.55%

Earnings Q/Q

-7.36%

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

Current Ratio

4.07

Debt/Equity

0.19

Debt/Cashflow

0.61

ATVI Investor Care

Dividend Yield

0.59%

Dividend/Share (TTM)

0.47

Shares Dilution (1Y)

0.51%

Diluted EPS (TTM)

1.92

Peers (Alternatives to Activision Blizzard)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
138.1B
31.6B
-15.28% -11.62%
30.74
4.37
6.46% -12.20%
62.5B
7.5B
3.49% 0.28%
41.28
8.3
-14.48% -43.94%
31.2B
7.4B
-1.61% -7.67%
23.96
4.23
13.28% 56.80%
19.5B
4.8B
1.73% -20.70%
-48.26
4.03
41.58% -176.72%
MID-CAP
6.3B
1.3B
-4.49% 49.32%
32.07
4.86
17.93% 10.25%
4.4B
-
-3.27% 12.39%
78.75
5.31
97.57% 3.36%
2.4B
1.5B
-24.37% -23.30%
121.77
1.63
65.41% 113.51%
-
-
-8.50% -21.80%
-
-
- -
SMALL-CAP
1.9B
2.0B
-11.56% -31.40%
-20.33
0.98
52.20% 29.12%
1.5B
2.5B
6.77% -21.19%
-5.61
0.62
62.51% 35.86%
399.3M
671.0M
3.81% 30.81%
17.83
0.6
10.71% 16.06%
83.6M
72.3M
-26.90% -32.70%
-9.35
1.16
52.38% -305.26%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.3%7,5287,3577,6458,2978,803
  S&GA Expenses10.6%1,2171,1001,0571,0391,025
  R&D Expenses13.2%1,4211,2551,3071,3311,337
Costs and Expenses9.0%5,8585,3745,3235,3545,544
EBITDA-14.4%1,9582,2873,0803,389-
EBITDA Margin-13.1%0.26*0.30*0.37*0.38*-
Earnings Before Taxes-9.4%1,7441,9242,1832,8643,164
EBT Margin-11.4%0.23*0.26*0.29*0.35*-
Interest Expenses0%108108---
Net Income-9.6%1,5131,6741,8782,4742,699
Net Income Margin-11.7%0.20*0.23*0.25*0.30*-
Free Cahsflow27.5%2,1291,6701,9262,139-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets6.9%27,38325,62024,99425,01225,056
  Current Assets10.4%14,46913,11012,50712,48612,556
    Cash Equivalents-8.8%7,0607,74310,48310,96710,423
  Net PPE12.9%193171175174169
  Goodwill0.0%9,9299,9289,9319,7999,799
Liabilities19.5%8,1406,8126,7467,1817,457
  Current Liabilities56.1%3,5552,2782,0242,2912,411
  Long Term Debt0.0%3,6103,6093,6083,608-
    LT Debt, Non Current0.0%3,6113,6103,6093,6083,608
Shareholder's Equity2.3%19,24318,80818,24817,83117,599
  Retained Earnings3.2%13,17112,76812,33312,05312,025
  Additional Paid-In Capital0.6%12,26012,19212,06911,92711,715
Shares Outstanding0%782782780--
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations26.3%2,2201,7582,0222,2122,414
  Share Based Compensation-16.0%462550513455508
Cashflow From Investing-58.5%-4,994-3,151-13834.00-59.00
Cashflow From Financing-15.8%-534-461-517-523-521
  Dividend PaymentsInfinity%3670.000.00365-

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 ascendingFund NameType% 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
-%

1–10 of 48

Latest Funds Activity

Are funds buying ATVI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ATVI
No. of Funds

Activision Blizzard News

MarketBeat

DNB Asset Management AS Grows Position in Activision Blizzard ....

MarketBeat,
13 hours ago

Yahoo Finance

The Motley Fool

Schedule 13G FIlings of Activision Blizzard

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Robert A. Kotick
9800
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

2022-12-31
CONSOLIDATED 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 development1,4211,3371,150
Sales and marketing1,2171,0251,064
General and administrative1,001788784
Restructuring and related costs(3)7794
Total costs and expenses5,8585,5445,352
Operating income1,6703,2592,734
Interest expense from debt10810899
Other (income) expense, net (Note 18)(182)(13)(12)
Loss on extinguishment of debt0031
Income before income tax expense1,7443,1642,616
Income tax expense231465419
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)782777771
Diluted (in shares)789784778
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 revenues519649705
Software royalties and amortization   
Cost of Revenue-product sales and in-game, subscription, and other:   
Cost of revenues231346269
In-game, subscription, and other revenues   
Net revenues   
Total net revenues5,8866,4925,736
Game operations and distribution costs   
Cost of Revenue-product sales and in-game, subscription, and other:   
Cost of revenues1,3241,2151,131
Software royalties and amortization   
Cost of Revenue-product sales and in-game, subscription, and other:   
Cost of revenues$ 148$ 107$ 155

ATVI Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 7,060$ 10,423
Held-to-maturity investments4,9320
Accounts receivable, net1,204972
Software development640449
Other current assets633712
Total current assets14,46912,556
Software development641211
Property and equipment, net193169
Deferred income taxes, net1,2011,377
Other assets508497
Intangible assets, net442447
Goodwill9,9299,799
Total assets27,38325,056
Current liabilities:  
Accounts payable324285
Deferred revenues2,0881,118
Accrued expenses and other liabilities1,1431,008
Total current liabilities3,5552,411
Long-term debt, net3,6113,608
Deferred income taxes, net158506
Other liabilities816932
Total liabilities8,1407,457
Commitments and contingencies (Note 22)
Shareholders’ equity:  
Common stock, $0.000001 par value, 2,400,000,000 shares authorized, 1,212,894,055 and 1,207,729,623 shares issued at December 31, 2022 and December 31, 2021, respectively00
Additional paid-in capital12,26011,715
Less: Treasury stock, at cost, 428,676,471 shares at December 31, 2022 and December 31, 2021(5,563)(5,563)
Retained earnings13,17112,025
Accumulated other comprehensive loss(625)(578)
Total shareholders’ equity19,24317,599
Total liabilities and shareholders’ equity$ 27,383$ 25,056