Streetbeat News

ATVI

Activision Blizzard Inc

https://www.activisionblizzard.com/

CEO

Robert Kotick

Employees

2,373

Industry

Software Publishers

activision blizzard is the world's most successful standalone interactive entertainment company. our portfolio includes some of the biggest franchises in all of entertainment, developed by the incredibly talented teams at activision publishing, blizzard entertainment, king digital entertainment, activision blizzard studios, major league gaming, and our independent studios, including toys for bob, infinity ward, sledgehammer games and treyarch. our central corporate operations provide shared services such as finance, it, sales and supply chain, human resources and legal.

Open

94.48

Mkt cap

74B

Volume

7.1M

High

94.54

P/E Ratio

34.59

52-wk high

94.57

Low

94.31

Div yield

N/A

52-wk low

70.94

Concerns about cheating in the Modern Warfare 3 beta, particularly on the PlayStation 5 version, are escalating among Call of Duty fans. The extent of the cheating remains unclear, but videos showcasing apparent cheating have raised concerns about the future of competitive play. Activision Blizzard Inc (NASDAQ:ATVI) aims to address this with its new anti-cheat system called Ricochet. Microsoft Corp (NASDAQ:MSFT) is nearing the completion of its $69 billion acquisition of parent company Activision Blizzard.

Portfolio Pulse from Franca Quarneti

October 09, 2023 | 6:10 pm

The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

Microsoft Corp is close to completing its $68.7 billion acquisition of Activision Blizzard, Inc, potentially by October 13. The deal is contingent on the approval of the U.K.'s Competition and Markets Authority (CMA), which had previously obstructed the deal. Microsoft secured preliminary approval from the CMA after restructuring the agreement to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft. Microsoft had also cut similar deals with Nvidia Corp and Sony Group Corporation to win support for the acquisition.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:35 pm

Microsoft is reportedly planning to finalize its acquisition of Activision Blizzard next week, according to The Verge. This comes after Microsoft announced its intention to acquire the gaming company in January.

Portfolio Pulse from Charles Gross

October 06, 2023 | 10:07 am

'Diablo 4' is set to launch on Valve's Steam platform on October 17, four months after its exclusive release on Activision Blizzard's Battle.net platform. This is the second Blizzard game to be released on Steam, following 'Overwatch 2'. The move is aimed at breaking down barriers between gaming communities. The Steam launch coincides with the start of Diablo 4's Season 2, as the game seeks to regain momentum after a decline in interest due to update issues and a lack of endgame content.

Portfolio Pulse from Franca Quarneti

October 05, 2023 | 7:33 pm

Activision Blizzard (NASDAQ:ATVI) has outperformed the market over the past 10 years, producing an average annual return of 19.09%. If an investor had bought $100 of ATVI stock 10 years ago, it would be worth $569.14 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 4:00 pm

Activision Blizzard Inc has announced the open beta for 'Call of Duty: Modern Warfare III', which will be officially released on November 10, 2023. The beta will be available for two weekends in October 2023. The game, developed by Sledgehammer Games, is the twentieth installment in the Call of Duty series. Pre-ordering the game grants early access to the campaign on November 2, 2023.

Portfolio Pulse from Franca Quarneti

October 02, 2023 | 6:57 pm

The article provides an industry comparison of Activision Blizzard (NASDAQ:ATVI) with its major competitors in the Entertainment industry. The analysis includes financial metrics, market position, and growth prospects. Activision Blizzard's P/E ratio is lower than the industry average, suggesting potential growth. However, its P/B and P/S ratios are higher than the industry average, indicating potential overvaluation. The company's ROE, EBITDA, and gross profit are lower than its peers, suggesting lower profitability and operational efficiency. However, the company's revenue growth is significantly higher than the industry average.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 8:56 pm

Activision Blizzard Inc is celebrating the 20th anniversary of King, the interactive entertainment company it acquired in 2016. King's Candy Crush Saga has generated $20 billion in revenue since its launch 11 years ago, attracting millions of active players every month and accumulating five billion downloads across all devices. King's president expressed optimism for the future and the company's commitment to delivering fun gameplay and memorable moments for its players.

Portfolio Pulse from Franca Quarneti

September 29, 2023 | 4:21 pm

U.S. stocks traded higher with the Dow Jones gaining over 110 points on Thursday. Among the top stocks that gained the attention of retail traders and investors were Nike, Carnival Corporation, Activision Blizzard, Madrigal Pharmaceuticals, and Tesla. Nike reported a 2% increase in fiscal first-quarter revenue, missing estimates, but EPS beat expectations. Carnival is set to report third-quarter earnings, with expectations of 75 cents per share and revenue of $6.69 billion. Activision faced regulatory hurdles in the U.K. Madrigal announced a $500 million public offering of its common stock. Tesla's shares traded higher, bolstered by Morgan Stanley maintaining an Overweight rating and a $400 target on the stock.

Portfolio Pulse from Benzinga Neuro

September 29, 2023 | 1:47 am

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