Activision Blizzard Key Executives
This section highlights Activision Blizzard's key executives, including their titles and compensation details.
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Activision Blizzard Earnings
This section highlights Activision Blizzard's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
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.
$94.42
Stock Price
$74.29B
Market Cap
13.00K
Employees
Santa Monica, CA
Location
Financial Statements
Access annual & quarterly financial statements for Activision Blizzard, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Revenue | $7.53B | $8.80B | $8.09B | $6.49B | $7.50B |
| Cost of Revenue | $2.22B | $2.32B | $2.26B | $2.09B | $2.52B |
| Gross Profit | $5.31B | $6.49B | $5.83B | $4.39B | $4.98B |
| Gross Profit Ratio | 70.48% | 73.70% | 72.05% | 67.73% | 66.44% |
| Research and Development Expenses | $1.42B | $1.34B | $1.15B | $998.00M | $1.10B |
| General and Administrative Expenses | $1.00B | $788.00M | $784.00M | $732.00M | $832.00M |
| Selling and Marketing Expenses | $1.22B | $1.02B | $1.06B | $926.00M | $1.06B |
| Selling General and Administrative Expenses | $2.22B | $1.81B | $1.85B | $1.66B | $1.89B |
| Other Expenses | $182.00M | $-20.00M | $-12.00M | $-1.00M | $1.80B |
| Operating Expenses | $3.64B | $3.15B | $3.00B | $2.66B | $3.00B |
| Cost and Expenses | $5.86B | $5.47B | $5.26B | $4.75B | $5.51B |
| Interest Income | $165.00M | $5.00M | $21.00M | $79.00M | $- |
| Interest Expense | $108.00M | $108.00M | $99.00M | $90.00M | $151.00M |
| Depreciation and Amortization | $498.00M | $594.00M | $665.00M | $817.00M | $998.00M |
| EBITDA | $2.25B | $3.78B | $3.23B | $2.34B | $3.02B |
| EBITDA Ratio | 28.80% | 43.77% | 42.04% | 37.36% | 40.35% |
| Operating Income | $1.67B | $3.26B | $2.73B | $1.61B | $1.99B |
| Operating Income Ratio | 22.18% | 37.02% | 33.81% | 24.76% | 26.51% |
| Total Other Income Expenses Net | $74.00M | $-95.00M | $-118.00M | $26.00M | $-111.00M |
| Income Before Tax | $1.74B | $3.16B | $2.62B | $1.63B | $1.88B |
| Income Before Tax Ratio | 23.17% | 35.94% | 32.35% | 25.17% | 25.03% |
| Income Tax Expense | $231.00M | $465.00M | $419.00M | $130.00M | $64.00M |
| Net Income | $1.51B | $2.70B | $2.20B | $1.50B | $1.81B |
| Net Income Ratio | 20.10% | 30.66% | 27.17% | 23.16% | 24.17% |
| EPS | $1.92 | $3.47 | $2.85 | $1.96 | $2.35 |
| EPS Diluted | $1.92 | $3.44 | $2.82 | $1.95 | $2.35 |
| Weighted Average Shares Outstanding | 782.00M | 777.00M | 771.00M | 767.00M | 762.00M |
| Weighted Average Shares Outstanding Diluted | 789.00M | 784.00M | 778.00M | 771.00M | 771.00M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.21B | $2.38B | $2.33B | $1.78B | $1.64B | $1.77B | $2.16B | $2.07B | $2.30B | $2.27B | $2.41B | $1.95B | $1.93B | $1.79B | $1.99B | $1.28B | $1.40B | $1.82B | $2.38B | $1.51B |
| Cost of Revenue | $656.00M | $665.00M | $756.00M | $502.00M | $485.00M | $479.00M | $657.00M | $527.00M | $555.00M | $578.00M | $818.00M | $469.00M | $469.00M | $505.00M | $656.00M | $442.00M | $433.00M | $563.00M | $832.00M | $513.00M |
| Gross Profit | $1.55B | $1.72B | $1.58B | $1.28B | $1.16B | $1.29B | $1.51B | $1.54B | $1.74B | $1.70B | $1.59B | $1.49B | $1.46B | $1.28B | $1.33B | $840.00M | $963.00M | $1.26B | $1.55B | $999.00M |
| Gross Profit Ratio | 70.30% | 72.10% | 67.60% | 71.80% | 70.50% | 72.90% | 69.60% | 74.50% | 75.80% | 74.60% | 66.10% | 76.00% | 75.72% | 71.76% | 66.97% | 65.52% | 68.98% | 69.15% | 65.06% | 66.07% |
| Research and Development Expenses | $405.00M | $402.00M | $486.00M | $277.00M | $311.00M | $346.00M | $321.00M | $329.00M | $335.00M | $353.00M | $350.00M | $274.00M | $291.00M | $238.00M | $296.00M | $210.00M | $244.00M | $249.00M | $325.00M | $263.00M |
| General and Administrative Expenses | $230.00M | $238.00M | $309.00M | $229.00M | $250.00M | $214.00M | $174.00M | $143.00M | $189.00M | $282.00M | $255.00M | $186.00M | $175.00M | $167.00M | $205.00M | $177.00M | $170.00M | $179.00M | $209.00M | $208.00M |
| Selling and Marketing Expenses | $333.00M | $278.00M | $415.00M | $287.00M | $263.00M | $252.00M | $299.00M | $244.00M | $245.00M | $237.00M | $341.00M | $238.00M | $242.00M | $243.00M | $346.00M | $182.00M | $191.00M | $207.00M | $321.00M | $263.00M |
| Selling General and Administrative Expenses | $563.00M | $516.00M | $724.00M | $516.00M | $513.00M | $466.00M | $473.00M | $387.00M | $434.00M | $519.00M | $596.00M | $424.00M | $417.00M | $410.00M | $551.00M | $359.00M | $361.00M | $386.00M | $530.00M | $471.00M |
| Other Expenses | $168.00M | $122.00M | $117.00M | $1.00M | $402.00M | $1.00M | $-10.00M | $-3.00M | $-3.00M | $-3.00M | $-6.00M | $-2.00M | $-1.00M | $-1.00M | $-3.00M | $5.00M | $356.00M | $468.00M | $1.80B | $386.00M |
| Operating Expenses | $968.00M | $918.00M | $1.21B | $793.00M | $824.00M | $812.00M | $794.00M | $716.00M | $769.00M | $872.00M | $946.00M | $698.00M | $708.00M | $648.00M | $847.00M | $569.00M | $605.00M | $635.00M | $855.00M | $734.00M |
| Cost and Expenses | $1.62B | $1.58B | $1.97B | $1.29B | $1.31B | $1.29B | $1.45B | $1.24B | $1.32B | $1.45B | $1.76B | $1.17B | $1.18B | $1.15B | $1.50B | $1.01B | $1.04B | $1.20B | $1.69B | $1.25B |
| Interest Income | $147.00M | $126.00M | $- | $51.00M | $17.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $2.00M | $16.00M | $18.00M | $20.00M | $19.00M | $- | $- | $- |
| Interest Expense | $27.00M | $27.00M | $27.00M | $27.00M | $27.00M | $27.00M | $27.00M | $27.00M | $27.00M | $28.00M | $27.00M | $27.00M | $23.00M | $23.00M | $22.00M | $23.00M | $23.00M | $3.00M | $- | $13.00M |
| Depreciation and Amortization | $-168.00M | $27.00M | $117.00M | $81.00M | $90.00M | $99.00M | $96.00M | $96.00M | $109.00M | $139.00M | $153.00M | $82.00M | $72.00M | $139.00M | $144.00M | $90.00M | $128.00M | $191.00M | $375.00M | $150.00M |
| EBITDA | $583.00M | $1.07B | $606.00M | $583.00M | $450.00M | $609.00M | $779.00M | $896.00M | $1.15B | $962.00M | $760.00M | $847.00M | $838.00M | $782.00M | $628.00M | $377.00M | $505.00M | $781.00M | $1.09B | $395.00M |
| EBITDA Ratio | 27.64% | 34.70% | 20.78% | 31.76% | 26.03% | 26.87% | 34.30% | 44.49% | 50.13% | 42.29% | 29.18% | 44.42% | 42.86% | 44.13% | 25.78% | 30.11% | 36.17% | 47.95% | 29.15% | 30.09% |
| Operating Income | $778.00M | $800.00M | $368.00M | $485.00M | $338.00M | $479.00M | $682.00M | $824.00M | $959.00M | $795.00M | $594.00M | $778.00M | $749.00M | $612.00M | $454.00M | $247.00M | $336.00M | $570.00M | $694.00M | $265.00M |
| Operating Income Ratio | 35.25% | 33.57% | 15.77% | 27.22% | 20.56% | 27.09% | 31.53% | 39.81% | 41.77% | 34.95% | 24.62% | 39.82% | 38.77% | 34.23% | 22.86% | 19.27% | 24.07% | 31.23% | 29.15% | 17.53% |
| Total Other Income Expenses Net | $141.00M | $95.00M | $90.00M | $15.00M | $-17.00M | $-14.00M | $-45.00M | $-65.00M | $43.00M | $-30.00M | $-32.00M | $-56.00M | $-22.00M | $-8.00M | $-7.00M | $2.00M | $34.00M | $-3.00M | $-4.00M | $-53.00M |
| Income Before Tax | $724.00M | $895.00M | $458.00M | $500.00M | $321.00M | $465.00M | $637.00M | $759.00M | $1.00B | $765.00M | $563.00M | $722.00M | $727.00M | $604.00M | $447.00M | $249.00M | $370.00M | $567.00M | $690.00M | $212.00M |
| Income Before Tax Ratio | 32.80% | 37.56% | 19.62% | 28.06% | 19.53% | 26.30% | 29.45% | 36.67% | 43.64% | 33.63% | 23.33% | 36.95% | 37.63% | 33.78% | 22.51% | 19.42% | 26.50% | 31.07% | 28.98% | 14.02% |
| Income Tax Expense | $137.00M | $155.00M | $55.00M | $65.00M | $41.00M | $70.00M | $73.00M | $120.00M | $126.00M | $146.00M | $55.00M | $118.00M | $147.00M | $99.00M | $-78.00M | $45.00M | $42.00M | $120.00M | $40.00M | $-48.00M |
| Net Income | $587.00M | $740.00M | $403.00M | $435.00M | $280.00M | $395.00M | $564.00M | $639.00M | $876.00M | $619.00M | $508.00M | $604.00M | $580.00M | $505.00M | $525.00M | $204.00M | $328.00M | $447.00M | $650.00M | $260.00M |
| Net Income Ratio | 26.60% | 31.05% | 17.27% | 24.41% | 17.03% | 22.34% | 26.07% | 30.87% | 38.15% | 27.21% | 21.05% | 30.91% | 30.02% | 28.24% | 26.44% | 15.91% | 23.50% | 24.49% | 27.30% | 17.20% |
| EPS | $0.75 | $0.94 | $0.52 | $0.56 | $0.36 | $0.50 | $0.72 | $0.82 | $1.13 | $0.80 | $0.66 | $0.78 | $0.75 | $0.66 | $0.68 | $0.27 | $0.43 | $0.58 | $0.85 | $0.34 |
| EPS Diluted | $0.74 | $0.93 | $0.51 | $0.55 | $0.36 | $0.50 | $0.72 | $0.82 | $1.12 | $0.79 | $0.65 | $0.78 | $0.75 | $0.65 | $0.68 | $0.26 | $0.43 | $0.58 | $0.84 | $0.34 |
| Weighted Average Shares Outstanding | 786.00M | 785.00M | 785.00M | 782.00M | 782.00M | 780.00M | 779.00M | 778.00M | 777.00M | 775.00M | 773.00M | 772.00M | 771.00M | 769.00M | 768.00M | 767.00M | 766.00M | 764.00M | 763.00M | 763.00M |
| Weighted Average Shares Outstanding Diluted | 794.00M | 792.00M | 791.00M | 789.00M | 788.00M | 786.00M | 782.00M | 783.00M | 783.00M | 783.00M | 780.00M | 779.00M | 776.00M | 774.00M | 773.00M | 771.00M | 770.00M | 770.00M | 771.00M | 771.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.06B | $10.42B | $8.65B | $5.79B | $4.22B |
| Short Term Investments | $4.93B | $180.00M | $164.00M | $65.00M | $- |
| Cash and Short Term Investments | $11.99B | $10.42B | $8.65B | $5.79B | $4.22B |
| Net Receivables | $1.20B | $972.00M | $1.05B | $848.00M | $1.03B |
| Inventory | $- | $- | $- | $32.00M | $43.00M |
| Other Current Assets | $1.27B | $1.16B | $866.00M | $618.00M | $803.00M |
| Total Current Assets | $14.47B | $12.56B | $10.56B | $7.29B | $6.11B |
| Property Plant Equipment Net | $193.00M | $169.00M | $209.00M | $253.00M | $282.00M |
| Goodwill | $9.93B | $9.80B | $9.77B | $9.76B | $9.76B |
| Intangible Assets | $1.08B | $658.00M | $611.00M | $585.00M | $800.00M |
| Goodwill and Intangible Assets | $11.01B | $10.46B | $10.38B | $10.35B | $10.56B |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $1.20B | $1.38B | $1.32B | $1.29B | $403.00M |
| Other Non-Current Assets | $508.00M | $497.00M | $641.00M | $658.00M | $482.00M |
| Total Non-Current Assets | $12.91B | $12.50B | $12.54B | $12.55B | $11.73B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $27.38B | $25.06B | $23.11B | $19.84B | $17.84B |
| Account Payables | $324.00M | $285.00M | $295.00M | $292.00M | $253.00M |
| Short Term Debt | $83.00M | $77.00M | $66.00M | $63.00M | $- |
| Tax Payables | $80.00M | $144.00M | $100.00M | $436.00M | $203.00M |
| Deferred Revenue | $2.09B | $1.12B | $1.69B | $1.38B | $1.49B |
| Other Current Liabilities | $980.00M | $787.00M | $950.00M | $749.00M | $693.00M |
| Total Current Liabilities | $3.56B | $2.41B | $3.10B | $2.92B | $2.64B |
| Long Term Debt | $3.77B | $3.82B | $3.83B | $2.88B | $2.67B |
| Deferred Revenue Non-Current | $158.00M | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $158.00M | $506.00M | $418.00M | $505.00M | $18.00M |
| Other Non-Current Liabilities | $654.00M | $720.00M | $725.00M | $735.00M | $1.15B |
| Total Non-Current Liabilities | $4.58B | $5.05B | $4.97B | $4.12B | $3.84B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $8.14B | $7.46B | $8.07B | $7.04B | $6.48B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- |
| Retained Earnings | $13.17B | $12.03B | $9.69B | $7.81B | $6.56B |
| Accumulated Other Comprehensive Income Loss | $-625.00M | $-578.00M | $-622.00M | $-619.00M | $-601.00M |
| Other Total Stockholders Equity | $6.70B | $6.15B | $5.97B | $5.61B | $5.40B |
| Total Stockholders Equity | $19.24B | $17.60B | $15.04B | $12.80B | $11.36B |
| Total Equity | $19.24B | $17.60B | $15.04B | $12.80B | $11.36B |
| Total Liabilities and Stockholders Equity | $27.38B | $25.06B | $23.11B | $19.84B | $17.84B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $27.38B | $25.06B | $23.11B | $19.84B | $17.84B |
| Total Investments | $4.93B | $180.00M | $164.00M | $65.00M | $- |
| Total Debt | $3.61B | $3.61B | $3.60B | $2.67B | $2.67B |
| Net Debt | $-3.45B | $-6.82B | $-5.04B | $-3.12B | $-1.55B |
Balance Sheet Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $10.77B | $9.24B | $7.06B | $7.74B | $10.48B | $10.97B | $10.42B | $9.72B | $9.21B | $9.28B | $8.65B | $7.42B | $6.34B | $5.91B | $5.79B | $4.94B | $4.59B | $4.70B | $4.22B | $3.31B |
| Short Term Investments | $2.31B | $3.28B | $4.93B | $2.94B | $250.00M | $168.00M | $180.00M | $282.00M | $416.00M | $- | $164.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $13.08B | $12.52B | $11.99B | $10.69B | $10.48B | $10.97B | $10.42B | $9.72B | $9.21B | $9.28B | $8.65B | $7.42B | $6.34B | $5.91B | $5.79B | $4.94B | $4.59B | $4.70B | $4.22B | $3.31B |
| Net Receivables | $1.03B | $764.00M | $1.20B | $658.00M | $572.00M | $530.00M | $972.00M | $585.00M | $682.00M | $773.00M | $1.05B | $619.00M | $614.00M | $590.00M | $848.00M | $386.00M | $455.00M | $594.00M | $1.03B | $641.00M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $32.00M | $102.00M | $46.00M | $45.00M | $43.00M | $174.00M |
| Other Current Assets | $1.38B | $1.24B | $1.27B | $1.76B | $1.45B | $989.00M | $1.16B | $908.00M | $996.00M | $868.00M | $866.00M | $968.00M | $767.00M | $623.00M | $618.00M | $585.00M | $570.00M | $702.00M | $803.00M | $849.00M |
| Total Current Assets | $15.50B | $14.52B | $14.47B | $13.11B | $12.51B | $12.49B | $12.56B | $11.21B | $10.89B | $10.92B | $10.56B | $9.00B | $7.72B | $7.12B | $7.29B | $6.01B | $5.66B | $6.04B | $6.11B | $4.97B |
| Property Plant Equipment Net | $204.00M | $199.00M | $193.00M | $171.00M | $175.00M | $174.00M | $169.00M | $171.00M | $174.00M | $192.00M | $209.00M | $211.00M | $222.00M | $236.00M | $253.00M | $249.00M | $259.00M | $264.00M | $282.00M | $281.00M |
| Goodwill | $9.93B | $9.93B | $9.93B | $9.93B | $9.93B | $9.80B | $9.80B | $9.77B | $9.77B | $9.77B | $9.77B | $9.76B | $9.76B | $9.76B | $9.76B | $9.76B | $9.76B | $9.76B | $9.76B | $9.76B |
| Intangible Assets | $1.12B | $1.06B | $1.08B | $604.00M | $577.00M | $734.00M | $658.00M | $798.00M | $716.00M | $653.00M | $611.00M | $614.00M | $618.00M | $588.00M | $585.00M | $692.00M | $723.00M | $760.00M | $800.00M | $1.00B |
| Goodwill and Intangible Assets | $11.05B | $10.99B | $11.01B | $10.53B | $10.51B | $10.53B | $10.46B | $10.56B | $10.48B | $10.42B | $10.38B | $10.38B | $10.38B | $10.35B | $10.35B | $10.46B | $10.49B | $10.52B | $10.56B | $10.76B |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $1.29B | $1.18B | $1.20B | $1.27B | $1.26B | $1.31B | $1.38B | $1.40B | $1.45B | $1.25B | $1.32B | $1.29B | $1.22B | $1.23B | $1.29B | $357.00M | $366.00M | $373.00M | $403.00M | $243.00M |
| Other Non-Current Assets | $479.00M | $507.00M | $508.00M | $541.00M | $545.00M | $511.00M | $497.00M | $632.00M | $583.00M | $643.00M | $641.00M | $699.00M | $677.00M | $664.00M | $658.00M | $731.00M | $721.00M | $751.00M | $482.00M | $454.00M |
| Total Non-Current Assets | $13.02B | $12.87B | $12.91B | $12.51B | $12.49B | $12.53B | $12.50B | $12.77B | $12.69B | $12.50B | $12.54B | $12.57B | $12.50B | $12.48B | $12.55B | $11.79B | $11.83B | $11.91B | $11.73B | $11.74B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $28.52B | $27.39B | $27.38B | $25.62B | $24.99B | $25.01B | $25.06B | $23.98B | $23.57B | $23.43B | $23.11B | $21.58B | $20.22B | $19.60B | $19.84B | $17.80B | $17.50B | $17.95B | $17.84B | $16.71B |
| Account Payables | $225.00M | $177.00M | $324.00M | $229.00M | $197.00M | $207.00M | $285.00M | $248.00M | $217.00M | $225.00M | $295.00M | $224.00M | $177.00M | $158.00M | $292.00M | $274.00M | $180.00M | $166.00M | $253.00M | $312.00M |
| Short Term Debt | $- | $- | $83.00M | $- | $- | $- | $77.00M | $- | $- | $- | $66.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $80.00M | $- | $- | $- | $144.00M | $- | $- | $- | $100.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $1.88B | $1.65B | $2.09B | $979.00M | $847.00M | $835.00M | $1.12B | $844.00M | $1.06B | $1.46B | $1.69B | $1.11B | $1.22B | $1.06B | $1.38B | $695.00M | $728.00M | $931.00M | $1.49B | $1.02B |
| Other Current Liabilities | $1.22B | $987.00M | $980.00M | $1.07B | $980.00M | $1.25B | $787.00M | $924.00M | $978.00M | $1.50B | $950.00M | $855.00M | $1.16B | $1.34B | $1.25B | $782.00M | $731.00M | $1.20B | $896.00M | $1.05B |
| Total Current Liabilities | $3.32B | $2.82B | $3.56B | $2.28B | $2.02B | $2.29B | $2.41B | $2.02B | $2.25B | $3.18B | $3.10B | $2.19B | $2.56B | $2.56B | $2.92B | $1.75B | $1.64B | $2.29B | $2.64B | $2.38B |
| Long Term Debt | $3.61B | $3.61B | $3.77B | $3.61B | $3.61B | $3.61B | $3.82B | $3.61B | $3.61B | $3.61B | $3.83B | $3.60B | $2.68B | $2.67B | $2.88B | $2.89B | $2.90B | $2.89B | $2.67B | $2.67B |
| Deferred Revenue Non-Current | $- | $- | $158.00M | $98.00M | $251.00M | $- | $506.00M | $- | $- | $- | $418.00M | $- | $- | $- | $505.00M | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $32.00M | $32.00M | $158.00M | $98.00M | $251.00M | $375.00M | $506.00M | $433.00M | $511.00M | $365.00M | $418.00M | $480.00M | $436.00M | $458.00M | $505.00M | $23.00M | $20.00M | $22.00M | $18.00M | $11.00M |
| Other Non-Current Liabilities | $759.00M | $818.00M | $654.00M | $728.00M | $611.00M | $907.00M | $720.00M | $971.00M | $916.00M | $942.00M | $725.00M | $924.00M | $869.00M | $890.00M | $735.00M | $907.00M | $957.00M | $1.14B | $1.15B | $991.00M |
| Total Non-Current Liabilities | $4.40B | $4.46B | $4.58B | $4.53B | $4.72B | $4.89B | $5.05B | $5.01B | $5.03B | $4.91B | $4.97B | $5.01B | $3.98B | $4.02B | $4.12B | $3.82B | $3.88B | $4.06B | $3.84B | $3.67B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $7.72B | $7.28B | $8.14B | $6.81B | $6.75B | $7.18B | $7.46B | $7.03B | $7.29B | $8.09B | $8.07B | $7.20B | $6.54B | $6.58B | $7.04B | $5.57B | $5.52B | $6.35B | $6.48B | $6.05B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Retained Earnings | $14.50B | $13.91B | $13.17B | $12.77B | $12.33B | $12.05B | $12.03B | $11.46B | $10.82B | $9.95B | $9.69B | $9.18B | $8.58B | $8.00B | $7.81B | $7.29B | $7.08B | $6.76B | $6.56B | $5.91B |
| Accumulated Other Comprehensive Income Loss | $-631.00M | $-629.00M | $-625.00M | $-589.00M | $-591.00M | $-586.00M | $-578.00M | $-587.00M | $-593.00M | $-600.00M | $-622.00M | $-633.00M | $-634.00M | $-628.00M | $-619.00M | $-607.00M | $-608.00M | $-602.00M | $-601.00M | $-613.00M |
| Other Total Stockholders Equity | $6.93B | $6.83B | $6.70B | $6.63B | $6.51B | $6.36B | $6.15B | $6.08B | $6.06B | $5.99B | $5.97B | $5.83B | $5.74B | $5.65B | $5.61B | $5.55B | $5.50B | $5.44B | $5.40B | $5.37B |
| Total Stockholders Equity | $20.79B | $20.11B | $19.24B | $18.81B | $18.25B | $17.83B | $17.60B | $16.95B | $16.29B | $15.33B | $15.04B | $14.38B | $13.68B | $13.02B | $12.80B | $12.23B | $11.98B | $11.60B | $11.36B | $10.66B |
| Total Equity | $20.79B | $20.11B | $19.24B | $18.81B | $18.25B | $17.83B | $17.60B | $16.95B | $16.29B | $15.33B | $15.04B | $14.38B | $13.68B | $13.02B | $12.80B | $12.23B | $11.98B | $11.60B | $11.36B | $10.66B |
| Total Liabilities and Stockholders Equity | $28.52B | $27.39B | $27.38B | $25.62B | $24.99B | $25.01B | $25.06B | $23.98B | $23.57B | $23.43B | $23.11B | $21.58B | $20.22B | $19.60B | $19.84B | $17.80B | $17.50B | $17.95B | $17.84B | $16.71B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $28.52B | $27.39B | $27.38B | $25.62B | $24.99B | $25.01B | $25.06B | $23.98B | $23.57B | $23.43B | $23.11B | $21.58B | $20.22B | $19.60B | $19.84B | $17.80B | $17.50B | $17.95B | $17.84B | $16.71B |
| Total Investments | $2.31B | $3.28B | $4.93B | $2.94B | $250.00M | $168.00M | $180.00M | $282.00M | $416.00M | $- | $164.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $3.61B | $3.61B | $3.61B | $3.61B | $3.61B | $3.61B | $3.61B | $3.61B | $3.61B | $3.61B | $3.60B | $3.60B | $2.68B | $2.67B | $2.67B | $2.67B | $2.67B | $2.67B | $2.67B | $2.67B |
| Net Debt | $-7.16B | $-5.62B | $-3.45B | $-4.13B | $-6.87B | $-7.36B | $-6.82B | $-6.11B | $-5.60B | $-5.67B | $-5.04B | $-3.81B | $-3.66B | $-3.23B | $-3.12B | $-2.27B | $-1.92B | $-2.02B | $-1.55B | $-638.00M |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Net Income | $1.51B | $2.70B | $2.20B | $1.50B | $1.81B |
| Depreciation and Amortization | $319.00M | $440.00M | $446.00M | $553.00M | $998.00M |
| Deferred Income Tax | $-164.00M | $7.00M | $-94.00M | $-352.00M | $20.00M |
| Stock Based Compensation | $462.00M | $508.00M | $218.00M | $166.00M | $209.00M |
| Change in Working Capital | $44.00M | $-1.28B | $-639.00M | $-122.00M | $-1.30B |
| Accounts Receivables | $-231.00M | $71.00M | $-194.00M | $182.00M | $-114.00M |
| Inventory | $- | $-806.00M | $-651.00M | $7.00M | $-5.00M |
| Accounts Payables | $37.00M | $-7.00M | $-10.00M | $31.00M | $-65.00M |
| Other Working Capital | $238.00M | $-537.00M | $216.00M | $-342.00M | $-1.12B |
| Other Non Cash Items | $46.00M | $39.00M | $124.00M | $83.00M | $53.00M |
| Net Cash Provided by Operating Activities | $2.22B | $2.41B | $2.25B | $1.83B | $1.79B |
| Investments in Property Plant and Equipment | $-91.00M | $-80.00M | $-78.00M | $-116.00M | $-131.00M |
| Acquisitions Net | $-135.00M | $80.00M | $78.00M | $116.00M | $131.00M |
| Purchases of Investments | $-5.01B | $-248.00M | $-221.00M | $-65.00M | $-209.00M |
| Sales Maturities of Investments | $239.00M | $280.00M | $121.00M | $153.00M | $116.00M |
| Other Investing Activities | $1.00M | $-91.00M | $-78.00M | $-110.00M | $-137.00M |
| Net Cash Used for Investing Activities | $-4.99B | $-59.00M | $-178.00M | $-22.00M | $-230.00M |
| Debt Repayment | $- | $- | $896.00M | $- | $-1.76B |
| Common Stock Issued | $47.00M | $90.00M | $170.00M | $105.00M | $99.00M |
| Common Stock Repurchased | $- | $- | $1.99B | $- | $- |
| Dividends Paid | $-367.00M | $-365.00M | $-316.00M | $-283.00M | $-259.00M |
| Other Financing Activities | $-214.00M | $-246.00M | $-39.00M | $-59.00M | $-95.00M |
| Net Cash Used Provided by Financing Activities | $-534.00M | $-521.00M | $711.00M | $-237.00M | $-2.02B |
| Effect of Forex Changes on Cash | $-44.00M | $-48.00M | $69.00M | $-3.00M | $-31.00M |
| Net Change in Cash | $-3.35B | $1.79B | $2.85B | $1.57B | $-491.00M |
| Cash at End of Period | $7.09B | $10.44B | $8.65B | $5.80B | $4.23B |
| Cash at Beginning of Period | $10.44B | $8.65B | $5.80B | $4.23B | $4.72B |
| Operating Cash Flow | $2.22B | $2.41B | $2.25B | $1.83B | $1.79B |
| Capital Expenditure | $-91.00M | $-80.00M | $-78.00M | $-116.00M | $-131.00M |
| Free Cash Flow | $2.13B | $2.33B | $2.17B | $1.72B | $1.66B |
Cash Flow Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $588.00M | $740.00M | $403.00M | $435.00M | $280.00M | $395.00M | $564.00M | $639.00M | $877.00M | $619.00M | $509.00M | $604.00M | $579.00M | $505.00M | $525.00M | $204.00M | $327.00M | $447.00M | $651.00M | $260.00M |
| Depreciation and Amortization | $127.00M | $123.00M | $100.00M | $37.00M | $83.00M | $99.00M | $96.00M | $96.00M | $109.00M | $139.00M | $153.00M | $82.00M | $72.00M | $139.00M | $144.00M | $90.00M | $128.00M | $191.00M | $375.00M | $150.00M |
| Deferred Income Tax | $-108.00M | $-100.00M | $138.00M | $-165.00M | $-73.00M | $-64.00M | $89.00M | $-36.00M | $-49.00M | $3.00M | $-81.00M | $-16.00M | $-8.00M | $11.00M | $-452.00M | $9.00M | $5.00M | $86.00M | $-155.00M | $80.00M |
| Stock Based Compensation | $102.00M | $124.00M | $161.00M | $102.00M | $101.00M | $98.00M | $249.00M | $65.00M | $43.00M | $151.00M | $80.00M | $53.00M | $42.00M | $43.00M | $39.00M | $27.00M | $37.00M | $63.00M | $45.00M | $54.00M |
| Change in Working Capital | $-98.00M | $-296.00M | $299.00M | $-166.00M | $-207.00M | $118.00M | $-369.00M | $-286.00M | $-551.00M | $-73.00M | $442.00M | $-579.00M | $64.00M | $-566.00M | $637.00M | $-55.00M | $-337.00M | $-367.00M | $90.00M | $-342.00M |
| Accounts Receivables | $-270.00M | $443.00M | $-528.00M | $-97.00M | $-46.00M | $440.00M | $-391.00M | $93.00M | $93.00M | $276.00M | $-419.00M | $-5.00M | $-19.00M | $249.00M | $-453.00M | $65.00M | $132.00M | $438.00M | $-404.00M | $-221.00M |
| Inventory | $-93.00M | $- | $- | $- | $- | $32.00M | $-298.00M | $-206.00M | $-227.00M | $-75.00M | $262.00M | $-486.00M | $-78.00M | $-349.00M | $72.00M | $-61.00M | $-2.00M | $-2.00M | $122.00M | $-135.00M |
| Accounts Payables | $46.00M | $-150.00M | $83.00M | $41.00M | $-11.00M | $-76.00M | $39.00M | $34.00M | $-10.00M | $-70.00M | $61.00M | $42.00M | $19.00M | $-132.00M | $9.00M | $97.00M | $16.00M | $-91.00M | $-51.00M | $143.00M |
| Other Working Capital | $219.00M | $-589.00M | $744.00M | $-110.00M | $-150.00M | $-278.00M | $-17.00M | $-413.00M | $-634.00M | $-279.00M | $800.00M | $-616.00M | $64.00M | $-683.00M | $1.01B | $-156.00M | $-483.00M | $-712.00M | $423.00M | $-129.00M |
| Other Non Cash Items | $-21.00M | $-14.00M | $22.00M | $14.00M | $14.00M | $-4.00M | $32.00M | $43.00M | $-41.00M | $5.00M | $37.00M | $52.00M | $19.00M | $16.00M | $25.00M | $34.00M | $-6.00M | $30.00M | $-7.00M | $51.00M |
| Net Cash Provided by Operating Activities | $590.00M | $577.00M | $1.12B | $257.00M | $198.00M | $642.00M | $661.00M | $521.00M | $388.00M | $844.00M | $1.14B | $196.00M | $768.00M | $148.00M | $918.00M | $309.00M | $154.00M | $450.00M | $999.00M | $253.00M |
| Investments in Property Plant and Equipment | $-23.00M | $-37.00M | $-24.00M | $-15.00M | $-37.00M | $-15.00M | $-21.00M | $-23.00M | $-14.00M | $-22.00M | $-22.00M | $-24.00M | $-13.00M | $-19.00M | $-37.00M | $-34.00M | $-27.00M | $-18.00M | $-34.00M | $-36.00M |
| Acquisitions Net | $2.31B | $- | $-135.00M | $- | $-135.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-2.31B | $- | $-1.96B | $-2.94B | $-109.00M | $- | $- | $-45.00M | $-123.00M | $-80.00M | $-63.00M | $-102.00M | $-47.00M | $-9.00M | $-65.00M | $- | $- | $- | $-150.00M | $- |
| Sales Maturities of Investments | $3.30B | $1.70B | $177.00M | $20.00M | $20.00M | $22.00M | $94.00M | $142.00M | $28.00M | $16.00M | $85.00M | $36.00M | $- | $- | $- | $78.00M | $62.00M | $13.00M | $116.00M | $- |
| Other Investing Activities | $-2.31B | $1.70B | $136.00M | $-1.00M | $-134.00M | $- | $-52.00M | $-24.00M | $7.00M | $-22.00M | $-22.00M | $-24.00M | $-13.00M | $-19.00M | $-36.00M | $-36.00M | $-20.00M | $-18.00M | $80.00M | $- |
| Net Cash Used for Investing Activities | $966.00M | $1.66B | $-1.80B | $-2.94B | $-260.00M | $7.00M | $42.00M | $73.00M | $-88.00M | $-86.00M | $22.00M | $-90.00M | $-60.00M | $-28.00M | $-101.00M | $42.00M | $42.00M | $-5.00M | $-70.00M | $-36.00M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $896.00M | $- | $- | $- | $- | $- | $- | $-25.00M | $-1.74B |
| Common Stock Issued | $12.00M | $13.00M | $6.00M | $4.00M | $21.00M | $16.00M | $12.00M | $11.00M | $38.00M | $29.00M | $56.00M | $45.00M | $43.00M | $26.00M | $18.00M | $30.00M | $27.00M | $30.00M | $8.00M | $14.00M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-38.00M | $-84.00M | $-67.00M | $-10.00M | $-24.00M | $-113.00M | $- | $-73.00M | $-414.00M | $-124.00M | $2.00M | $-7.00M | $-15.00M | $-19.00M | $-4.00M | $-7.00M | $-42.00M | $-6.00M | $-8.00M | $-44.00M |
| Net Cash Used Provided by Financing Activities | $-26.00M | $-71.00M | $-61.00M | $-6.00M | $-370.00M | $-97.00M | $12.00M | $-62.00M | $-376.00M | $-95.00M | $58.00M | $934.00M | $-288.00M | $7.00M | $14.00M | $23.00M | $-298.00M | $24.00M | $- | $-1.77B |
| Effect of Forex Changes on Cash | $4.00M | $8.00M | $56.00M | $-52.00M | $-38.00M | $-10.00M | $-13.00M | $-19.00M | $12.00M | $-28.00M | $37.00M | $37.00M | $10.00M | $-15.00M | $21.00M | $-27.00M | $1.00M | $2.00M | $-16.00M | $4.00M |
| Net Change in Cash | $1.53B | $2.18B | $-683.00M | $-2.74B | $-470.00M | $542.00M | $702.00M | $513.00M | $-64.00M | $635.00M | $1.24B | $1.08B | $430.00M | $112.00M | $852.00M | $347.00M | $-101.00M | $471.00M | $913.00M | $-1.55B |
| Cash at End of Period | $10.80B | $9.26B | $7.09B | $7.77B | $10.51B | $10.98B | $10.44B | $9.74B | $9.22B | $9.29B | $8.65B | $7.42B | $6.34B | $5.91B | $5.80B | $4.95B | $4.60B | $4.70B | $4.23B | $3.32B |
| Cash at Beginning of Period | $9.26B | $7.09B | $7.77B | $10.51B | $10.98B | $10.44B | $9.74B | $9.22B | $9.29B | $8.65B | $7.42B | $6.34B | $5.91B | $5.80B | $4.95B | $4.60B | $4.70B | $4.23B | $3.32B | $4.87B |
| Operating Cash Flow | $590.00M | $577.00M | $1.12B | $257.00M | $198.00M | $642.00M | $661.00M | $521.00M | $388.00M | $844.00M | $1.14B | $196.00M | $768.00M | $148.00M | $918.00M | $309.00M | $154.00M | $450.00M | $999.00M | $253.00M |
| Capital Expenditure | $-23.00M | $-37.00M | $-24.00M | $-15.00M | $-37.00M | $-15.00M | $-21.00M | $-23.00M | $-14.00M | $-22.00M | $-22.00M | $-24.00M | $-13.00M | $-19.00M | $-37.00M | $-34.00M | $-27.00M | $-18.00M | $-34.00M | $-36.00M |
| Free Cash Flow | $567.00M | $540.00M | $1.10B | $242.00M | $161.00M | $627.00M | $640.00M | $498.00M | $374.00M | $822.00M | $1.12B | $172.00M | $755.00M | $129.00M | $881.00M | $275.00M | $127.00M | $432.00M | $965.00M | $217.00M |
Activision Blizzard Dividends
Explore Activision Blizzard's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
0.61%
Dividend Payout Ratio
24.26%
Dividend Paid & Capex Coverage Ratio
4.85x
Activision Blizzard Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.99 | $0.99 | August 01, 2023 | August 02, 2023 | August 17, 2023 | July 18, 2023 |
| $0.47 | $0.47 | April 13, 2022 | April 15, 2022 | May 06, 2022 | February 03, 2022 |
| $0.47 | $0.47 | April 14, 2021 | April 15, 2021 | May 06, 2021 | February 04, 2021 |
| $0.41 | $0.41 | April 14, 2020 | April 15, 2020 | May 06, 2020 | February 06, 2020 |
| $0.37 | $0.37 | March 27, 2019 | March 28, 2019 | May 09, 2019 | February 12, 2019 |
| $0.34 | $0.34 | March 28, 2018 | March 30, 2018 | May 09, 2018 | February 08, 2018 |
| $0.3 | $0.3 | March 28, 2017 | March 30, 2017 | May 10, 2017 | February 09, 2017 |
| $0.26 | $0.26 | March 28, 2016 | March 30, 2016 | May 11, 2016 | February 12, 2016 |
| $0.23 | $0.23 | March 26, 2015 | March 30, 2015 | May 13, 2015 | February 05, 2015 |
| $0.2 | $0.2 | March 17, 2014 | March 19, 2014 | May 14, 2014 | February 06, 2014 |
| $0.19 | $0.19 | March 18, 2013 | March 20, 2013 | May 15, 2013 | February 07, 2013 |
| $0.18 | $0.18 | March 19, 2012 | March 21, 2012 | May 16, 2012 | February 09, 2012 |
| $0.165 | $0.165 | March 14, 2011 | March 16, 2011 | May 11, 2011 | February 09, 2011 |
| $0.15 | $0.15 | February 18, 2010 | February 22, 2010 | April 02, 2010 | February 11, 2010 |
Activision Blizzard News
Read the latest news about Activision Blizzard, including recent articles, headlines, and updates.
Sony Had A Good Q4 Game But It Needs To Figure Out How To Evolve Beyond PlayStation
On Tuesday, Sony Group Corporation Fiscal Fourth Quarter And Fiscal Year Highlights For the three months that ended in March, Sony reported revenue grew 13% YoY to 3.481 trillion yen, while net profit rose 34% YoY to 189.005 billion yen which is about $1.21 billion. The gaming business reported that operating profit more than doubled to 105.98 billion yen, while the movie business followed with a nearly doubled operating profit of 30.67 billion yen. For the fiscal year, Sony sold 20.8 million units of PlayStation 5, which is more than 19.1 million units it sold during the previous fiscal year. Like Microsoft Corporation Moreover, the videogame retailer’s stock plummeted on Friday as meme-stock mania faded. GameStop reported preliminary first quarter results and they showed a first quarter drop in sales. GameStop expects first quarter sales to range between $872 million to $892 million while it reported $1.24 billion during last year’s comparable quarter. But, GameStop is also expecting to narrow down its net loss from last year’s $50.5 million to somewhere between $27 million and $37 million. Fiscal Year Outlook The Japanese entertainment and electronics company plans to spin off its financial business, which is why it guided for a revenue drop of 5.5% to 12.310 trillion yen and a net profit decline of 4.7% to 925 billion yen. However, Sony guided for its game business operating profit to continue to rise at 6.8% to 310 billion yen. Sony also expects its movie business profits to rise 2% to 120 billion yen. Sony and Microsoft rivalry will live on, but there’s bigger fish to fry. Both for Sony and its rival Microsoft, findings ways to grow revenue is more important than winning the console war. Microsoft undoubtedly upleveled its game by acquiring Activision Blizzard but console wars are becoming less and less relevant as both Microsoft and Sony need to figure out how to evolve in the new gaming era that is in the making.
Bank of England rate cut 'possible' in summer, says deputy governor Broadbent
Ben Broadbent, a member of the Bank of England's rate-setting committee, said the base rate could be cut at some point this summer. Deputy governor Broadbent, who steps down next month after 13 years on the Monetary Policy Committee (MPC), made the comment in a speech this morning. Following on from comments about the persistence of inflation, he said there is a "range of views" across the MPC on how persistent inflation could be. "In view of the rarity of events like this over the past, and the associated uncertainty about the future, that’s entirely understandable. "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut some time over the summer." His comments come ahead of the Office for National Statistics publishing the latest consumer price index on Wednesday, which is expected to show a sharp drop in the level of inflation, close to the MPC's 2% target. At the last policy meeting, two members of the committee voted for a cut, though the majority vote, including Broadbent, led to rates being kept at 5.25%. A month ago, the ONS data showed CPI inflation was 3.2% in March, with April forecast to see a big softening to 2.1% in the annual rate, as the month-on-month figure eases to 0.2% from 0.6%. Keywords Studios PLC (AIM:KWS, OTC:KYYWF) has confirmed the receipt of a bid approach from EQT Group worth around £2.2bn. Dublin-based games services specialist Keywords said it was one of a series of potential deals tabled by the private equity firm, but this one being at the value the "board would be minded to recommend". EQT, which has around £200 billion under management, has until the close of business on June 15 to table a formal offer. If the acquisition goes ahead, Keywords investors would receive £22.50 a share - a 53% premium to Friday's closing price - plus they'd be entitled to the final dividend payment. Since hitting a high of more than £33 in September 2021, the shares have almost halved in value amid worries that AI may be used to carry many of the games industry tasks outsourced to the company by customers such as Activision Blizzard and Tencent. In the last year, the share price has tumbled 36%. In a statement to the stock exchange Keywords: "The board remains confident in the company's growth strategy of building the only truly global platform providing solutions to the video games and entertainment industries, both organically and through acquisitions, and EQT is supportive of this strategy. The company employs 13,000 people in 26 countries and has grown from a £50 million market capitalisation when it debuted on AIM in 2023.
Here’s why the Keyword Studios share price is surging
Keyword Studios (LON: KWS) share price has staged a strong recovery in the past few weeks. It jumped to 1,470p on Friday, its highest swing since March 13th. Its highest point was a 33% increase from its lowest level this year. Keyword Studios stock price will likely surge hard on Monday after reports emerged that EQT, a Swedish private equity company, is in talks to buy it for £2.2 billion. The company’s stock had a market cap of over $1.16 billion, meaning that EQT is paying a 70% premium. It is unclear whether Keyword will accept the deal since it had rejected an offer before. However, I believe that a 70% premium is a good one and that the company might finally agree. Keyword Studios stock chart Many companies have deteriorated after turning away takeover deals. For example, Entain rejected a $11 billion offer from MGM in 2021. Today, it has a market cap of just $4.6 billion. Similarly, THG, formerly known as The Hut Group, rejected a big deal from Apollo Global. Its market cap has now crashed to over $984 million. Keyword’s management may also agree to the deal because of its upcoming annual general meeting, which is scheduled for Friday this week. The most recent financial results showed that Keyword Studios’s revenue rose by 13% to over £780 million while its operating profit crashed by 35% to £47 million. Its basic earnings per share fell by 59% to 25.3 cents. For starters, Keyword Studios is a leading company in the gaming industry. It offers game development solutions to firms like Activision Blizzard and Tencent. Some of its top games are Battlegrounds Arena, Alan Wake, and Borderlands. Keyword’s acquisition comes at a time when demand for British companies is rising. Thoma Bravo has acquired Darktrace in a $4.5 billion deal while International Paper is acquiring DS Smith in a £5.8 billion deal. Investors believe that British stocks are intrinsically undervalued compared to their global peers. Indeed, while the FTSE 100 index has surged, it has a price-to-earnings (PE) ratio of 13, compared to the S&P 500’s 22. Foreign investors are also being encouraged by the weak British pound, which has dropped by over 10% from its highest level in 2021. The post Here’s why the Keyword Studios share price is surging appeared first on Invezz
Activision Blizzard to pay $55 million to settle California civil-rights lawsuit that led to Microsoft takeover
Videogame maker Activision Blizzard has agreed to pay nearly $55 million to settle a California civil-rights lawsuit brought over complaints of sexual harassment, discrimination and pay disparities by women employees that helped trigger the company's acquisition by Microsoft.
Activision to pay $50 mln to settle workplace harassment lawsuit
Activision Blizzard will pay roughly $50 million to settle a 2021 lawsuit by a California regulator that alleged the videogame maker discriminated against women employees, including denying them promotion opportunities and underpaying them.
FTC Seeks to Reverse Court's Approval of Microsoft's Activision Acquisition
The Federal Trade Commission (FTC) is reportedly continuing its legal battle to challenge Microsoft's acquisition of Activision Blizzard, the maker of popular video game franchise “Call of Duty.” The FTC argues that the deal raises serious competitive concerns and could lead to Microsoft dominating the gaming industry, Reuters reported Wednesday (Dec. 6).
Is Buffett Turning Bearish? 7 Stocks Warren Completely Dumped in Q3
Warren Buffett wrote an op-ed for The New York Times during the financial markets collapse in 2008 titled, “ Buy American. I Am. ” At the time, the housing market was in free fall, Lehman Brothers had just imploded, and the stock market tumbled 20% on its way to losing more than half its value before hitting bottom.
Microsoft's Activision acquisition impact in spotlight for 1Q earnings
Analysts at UBS have updated their models for Microsoft Corporation (NASDAQ:MSFT) to account for its acquisition of Activision Blizzard Inc (NASDAQ:ATVI), which closed earlier this month, ahead of the company's first quarter fiscal 2024 earnings report due on Tuesday, October 24. “We're assuming that Microsoft will offer pro forma guidance to reflect the ATVI deal, obviously impacting the Gaming segment as well as the overall margin and cash flow outlook,” they wrote in a note to clients.
Microsoft's acquisition of Activision makes Big Tech even bigger — and harder to rein in
Microsoft Corp.'s protracted, circuitous bid to acquire Activision Blizzard Inc. not only changed the gaming market but most likely upended potential future moves by federal regulators to block vertical deals, a central tenet of their antitrust campaign against Big Tech in the past few years.
Lululemon leaps higher as it takes Activision's spot in S&P 500
Lululemon Athletica (NASDAQ:LULU) stock jump nearly 9% higher on Monday, boosted by its inclusion in the S&P 500 – taking the place of Activision Blizzard which, finally, has been bought by Microsoft. In New York, Lululemon advanced $34.30 per share or 9.06% in Monday morning trade to change hands at $411.90.
Microsoft spent two years trying to buy Activision Blizzard. For Xbox CEO, that was the easy part
After two years co-piloting the biggest acquisition in video game history past an onslaught of challenges, Xbox CEO Phil Spencer now moves on to his next quest: making Microsoft's takeover of Activision Blizzard worth the hassle.
Lululemon Athletica & Hubbell Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , Oct. 13, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the opening of trading on Wednesday, October 18: Lululemon Athletica Inc. (NASD:LULU) will replace Activision Blizzard Inc. (NASD:ATVI) in the S&P 500. S&P 500 and S&P 100 constituent Microsoft Corp. (NASD: MSFT) acquired Activision Blizzard in a transaction completed today, October 13.
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