EXCLUSIVE: Activision Blizzard CFO On Q2 Results, Diablo IV, Microsoft Deal: 'It's All About Focus And Execution, Delivering Great Content'
Portfolio Pulse from Chris Katje
Activision Blizzard (NASDAQ:ATVI) reported a 50% YoY growth in net bookings in Q2, with record bookings and operating income for its Blizzard segment. The company's CFO, Armin Zerza, attributed the growth to the company's focus on delivering compelling and frequent content. The King segment saw a 9% YoY revenue increase, led by the Candy Crush franchise. The Blizzard segment saw a 160% YoY revenue increase and tripled its operating income, largely due to the launch of Diablo IV. The pending acquisition of Activision Blizzard by Microsoft Corp (NASDAQ:MSFT) continues, with a recent rejection of a challenge by the Federal Trade Commission.
July 25, 2023 | 7:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Activision Blizzard reported strong Q2 results, with significant growth in net bookings and record results for its Blizzard segment. The ongoing acquisition by Microsoft could further strengthen the company.
The strong Q2 results and the ongoing acquisition by Microsoft are likely to have a positive impact on Activision Blizzard's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's pending acquisition of Activision Blizzard continues, with a recent rejection of a challenge by the Federal Trade Commission. This could strengthen Microsoft's position in the gaming sector.
The ongoing acquisition of Activision Blizzard could strengthen Microsoft's position in the gaming sector, which could have a positive impact on its stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80