Ankündigung • Oct 24
Activision Blizzard Files Form 15 Activision Blizzard, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock, $0.000001 par value per share under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Stock was $0.000001per share. On October 13, 2023, pursuant to that certain Agreement and Plan of Merger, dated as of January 18, 2022, as amended from time to time, by and among Microsoft Corporation, a Washington corporation (“Microsoft”), Anchorage Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Microsoft (“Merger Sub”), and Activision Blizzard, Inc. (the “Company”), Merger Sub merged with and into the Company, with the Company surviving as a wholly-owned subsidiary of Microsoft (the “Merger”). As a result of the Merger, the issued and outstanding Common Stock, par value $0.000001 per share, of the Company was cancelled, and the Company became a wholly-owned subsidiary of Microsoft. Ankündigung • Oct 19
Activision Blizzard, Inc.(NasdaqGM:ATVI) dropped from FTSE All-World Index (USD) Activision Blizzard, Inc.(NasdaqGM:ATVI) dropped from FTSE All-World Index (USD) Ankündigung • Aug 24
Microsoft Submits New Plan in £54 Billion Takeover Battle with UK Competition Watchdog The competition watchdog stressed “this is not a green light” as it agreed to look at a fresh proposal from Microsoft Corporation (NasdaqGS:MSFT) which the company hopes will allow its $69 billion (£54 billion) takeover of Activision Blizzard, Inc. (NasdaqGS:ATVI) to go ahead. The global technology giant said it has submitted a new version of the blocked deal, which will now be reviewed by the Competition and Markets Authority (CMA). It came as the regulator confirmed on August 22, 2023 that Microsoft’s original plan to buy the computer games company “cannot proceed”. Under the new proposal, Microsoft would sell off its rights to offer games via the cloud for new or existing Activision PC or console games for the next 15 years outside the European Economic Area (EEA). It will instead sell those rights to Ubisoft, a rival developer known for the Assassin’s Creed and Far Cry games series. This is designed to ensure that gamers have access to Activision Blizzard’s games, even on consoles and computers not made by Microsoft. The CMA will now launch a new probe into this deal, a so-called Phase 1 investigation. CMA chief executive Sarah Cardell said: “The CMA has August 22, 2023 confirmed that Microsoft’s acquisition of Activision, as originally proposed, cannot proceed. “Separately, Microsoft has notified a new and restructured deal, which is substantially different from what was put on the table previously. “This is not a green light. We will carefully and objectively assess the details of the restructured deal and its impact on competition, including in light of third-party comments”. In January 2022 Microsoft announced that it planned to buy Activision Blizzard, the company behind the Call Of Duty and World Of Warcraft games, for an eye-watering sum. Upcoming Dividend • Jul 25
Upcoming dividend of US$0.99 per share at 1.1% yield Eligible shareholders must have bought the stock before 01 August 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Austrian dividend payers (5.5%). Lower than average of industry peers (1.9%). Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: US$0.75 (vs US$0.36 in 2Q 2022) Second quarter 2023 results: EPS: US$0.75 (up from US$0.36 in 2Q 2022). Revenue: US$2.21b (up 34% from 2Q 2022). Net income: US$587.0m (up 110% from 2Q 2022). Profit margin: 27% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 07
Independent Director recently bought €905k worth of stock On the 3rd of May, Peter Nolan bought around 13k shares on-market at roughly €68.73 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €2.1m more in shares than they bought in the last 12 months. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: US$0.94 (vs US$0.51 in 1Q 2022) First quarter 2023 results: EPS: US$0.94 (up from US$0.51 in 1Q 2022). Revenue: US$2.38b (up 35% from 1Q 2022). Net income: US$740.0m (up 87% from 1Q 2022). Profit margin: 31% (up from 22% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 16
President & COO recently sold €647k worth of stock On the 13th of March, Daniel Alegre sold around 9k shares on-market at roughly €73.19 per share. This transaction amounted to 93% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Daniel has been a net seller over the last 12 months, reducing personal holdings by €2.0m. Reported Earnings • Feb 07
Full year 2022 earnings released: EPS: US$1.94 (vs US$3.47 in FY 2021) Full year 2022 results: EPS: US$1.94 (down from US$3.47 in FY 2021). Revenue: US$7.53b (down 14% from FY 2021). Net income: US$1.51b (down 44% from FY 2021). Profit margin: 20% (down from 31% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Ankündigung • Jan 12
Activision Blizzard, Inc. to Report Q4, 2022 Results on Feb 06, 2023 Activision Blizzard, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2023 Ankündigung • Dec 19
Daniel Alegre, President and Chief Operating Officer of Activision Blizzard, Inc. Notifies the Company to Leave On December 13, 2022, Daniel Alegre, President and Chief Operating Officer of Activision Blizzard, Inc. (the “ Company ”), notified the Company that he plans to leave for another opportunity upon completion of the current term of his employment under his employment agreement with the Company, which term expires on March 31, 2023. Buying Opportunity • Nov 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €89.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: US$0.56 (vs US$0.82 in 3Q 2021) Third quarter 2022 results: EPS: US$0.56 (down from US$0.82 in 3Q 2021). Revenue: US$1.78b (down 14% from 3Q 2021). Net income: US$435.0m (down 32% from 3Q 2021). Profit margin: 24% (down from 31% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 11
Activision Blizzard, Inc. to Report Q3, 2022 Results on Nov 07, 2022 Activision Blizzard, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2022 Ankündigung • Oct 07
Activision Blizzard Announces Executive Changes Activision Blizzard, Inc. announced that Lulu Cheng Meservey will assume a newly created role as Executive Vice President, Corporate Affairs and Chief Communications Officer. Effective October 6, Ms. Meservey will become a member of the senior leadership team, helping to shape the Company’s strategic direction and leading its communications efforts. She will serve as Activision Blizzard’s public voice at a pivotal time ahead of the impending acquisition by Microsoft. Ms. Meservey served on the Company’s board of directors and its Workplace Responsibility Committee as a key leader in the oversight of culture and ensuring workplace excellence. To focus on her new role, she is stepping down from the Board today. Ms. Meservey brings experience as a strategic counselor and communicator across a wide range of industries, including technology, finance, and government affairs. Most recently, she served as a member of the leadership team and Vice President of Communications at Substack, the pioneering platform for independent newsletter writers and podcasters. Prior to her work at Substack, Ms. Meservey was a co-founder of the global strategic communications agency TrailRunner International and served as its President and Chief Operating Officer. Previously, Ms. Meservey was a Director in the office of the chairman at McLarty Associates, a global strategic advisory firm headquartered in Washington, D.C. Her previous experience includes positions with the World Bank, the MIT Lincoln Laboratory, and J.P. Morgan. Ms. Meservey holds a B.A. in political science from Yale University and an M.A. in law and diplomacy from The Fletcher School at Tufts University. Recent Insider Transactions • Sep 14
President & COO recently sold €778k worth of stock On the 9th of September, Daniel Alegre sold around 10k shares on-market at roughly €77.85 per share. This transaction amounted to 94% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €805k. Daniel has been a net seller over the last 12 months, reducing personal holdings by €2.4m. Recent Insider Transactions • Aug 05
Chief Financial Officer recently sold €805k worth of stock On the 3rd of August, Armin Zerza sold around 10k shares on-market at roughly €79.14 per share. This was the largest sale by an insider in the last 3 months. Armin has been a seller over the last 12 months, reducing personal holdings by €1.0m. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: US$0.36 (vs US$1.13 in 2Q 2021) Second quarter 2022 results: EPS: US$0.36 (down from US$1.13 in 2Q 2021). Revenue: US$1.64b (down 28% from 2Q 2021). Net income: US$280.0m (down 68% from 2Q 2021). Profit margin: 17% (down from 38% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 14%, compared to a 26% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 09
Activision Blizzard, Inc. to Report Q2, 2022 Results on Aug 01, 2022 Activision Blizzard, Inc. announced that they will report Q2, 2022 results After-Market on Aug 01, 2022 Ankündigung • Jun 22
Activision Blizzard, Inc. Appoints Kerry Carr to Its Board Activision Blizzard, Inc. announced the appointment of Kerry Carr to its board. As announced previously, Hendrik J. Hartong III and Casey Wasserman chose not to stand for reelection. Recent Insider Transactions • Jun 04
Chief Financial Officer recently sold €240k worth of stock On the 1st of June, Armin Zerza sold around 3k shares on-market at roughly €72.79 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. This was Armin's only on-market trade for the last 12 months. Recent Insider Transactions • May 11
Senior VP & Chief Accounting Officer recently sold €810k worth of stock On the 5th of May, Jesse Yang sold around 11k shares on-market at roughly €74.89 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Ankündigung • May 02
Activision Blizzard, Inc., Annual General Meeting, Jun 21, 2022 Activision Blizzard, Inc., Annual General Meeting, Jun 21, 2022, at 09:00 Pacific Standard Time. Agenda: To consider the election of Directors; to approve executive compensation; and to consider the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm;and to consider other matters. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.51 (vs US$0.80 in 1Q 2021) First quarter 2022 results: EPS: US$0.51 (down from US$0.80 in 1Q 2021). Revenue: US$1.77b (down 22% from 1Q 2021). Net income: US$395.0m (down 36% from 1Q 2021). Profit margin: 22% (down from 27% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 1.1%, compared to a 34% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Apr 06
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Austrian dividend payers (4.8%). Lower than average of industry peers (1.6%). Ankündigung • Mar 30
Activision Blizzard, Inc. Announces Court to Approve Activision Agreement with EEOC On March 29, 2022, the federal court indicated it would approve Activision Blizzard’s settlement with the EEOC . That settlement paves the way to compensate and make amends to eligible claimants. As part of the agreement with the EEOC, Activision agreed to: Create an $18 million fund to compensate eligible claimants; Continue enhancing policies, practices, and training to prevent harassment and discrimination in the workplace, including by implementing an expanded performance-review system. These improvements are underway; Engage a neutral, third-party equal employment opportunity consultant – a non-employee who must be approved by the EEOC – who will provide ongoing oversight of the Company’s compliance with the agreement. This independent consultant’s findings will be reported directly to the EEOC and Activision Blizzard’s Board of Directors.; Hire an internal EEO coordinator with relevant experience in gender discrimination, harassment, and related retaliation to assist the Company. Stacy Jackson began this position on March 16. In addition, in October 2021, Activision set a goal of increasing the representation of women and non-binary employees by 50% in the next five years. It also has committed to invest $250 million over the next 10 years in initiatives that foster expanded opportunities in gaming and technology for under-represented communities. Recent Insider Transactions • Mar 23
President & COO recently sold €1.1m worth of stock On the 14th of March, Daniel Alegre sold around 15k shares on-market at roughly €72.52 per share. This was the largest sale by an insider in the last 3 months. Daniel has been a seller over the last 12 months, reducing personal holdings by €2.7m. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$3.47 (up from US$2.85 in FY 2020). Revenue: US$8.80b (up 8.9% from FY 2020). Net income: US$2.70b (up 23% from FY 2020). Profit margin: 31% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 2.7%, compared to a 41% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Ankündigung • Feb 04
Activision Blizzard, Inc. Declares Cash Dividend, Payable on May 6, 2022 Activision Blizzard, Inc. announced that the Board of Directors declared a cash dividend of $0.47 per common share, payable on May 6, 2022 to shareholders of record at the close of business on April 15, 2022. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 29% share price gain to €72.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Entertainment industry in Europe. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €101 per share. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS US$0.82 (vs US$0.78 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$2.07b (up 5.9% from 3Q 2020). Net income: US$639.0m (up 5.8% from 3Q 2020). Profit margin: 31% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Executive Departure • Oct 01
Chief People Officer Claudine Naughton has left the company On the 21st of September, Claudine Naughton's tenure as Chief People Officer ended after 2.1 years in the role. We don't have any record of a personal shareholding under Claudine's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Ankündigung • Oct 01
Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in A Securities Class Action Lawsuit Against Activision Blizzard, Inc Bernstein Liebhard reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Activision Blizzard Inc. from August 4, 2016 through July 27, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Act of 1934. According to the Complaint, the Company made false and misleading statements to the market throughout the Class Period. The Complaint alleges that Activision discriminated against both women and minorities employed by its organization. Numerous employee complaints of sexual harassment, retaliation, and other inappropriate activities were reported to human resources and executives, but unaddressed. The Company also failed to inform investors that it was under investigation by the California Department of Fair Employment and Housing (“DFEH”) over allegations of sexual harassment and other discrimination. Finally, in July 2021, Bloomberg Lawrevealed that DFEH had filed a lawsuit against Activision following a lengthy two-year investigation into the Company’s practices. Based on these facts, Activision’s public statements were false and materially misleading during the Class Period. On this news, the price of Activision shares fell $5.89 per share to close at $84.95 per share on July 27, 2021, thereby injuring investors. Executive Departure • Sep 24
Chief People Officer Claudine Naughton has left the company On the 21st of September, Claudine Naughton's tenure as Chief People Officer ended after 2.1 years in the role. We don't have any record of a personal shareholding under Claudine's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.33 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Sep 24
Chief People Officer Claudine Naughton has left the company On the 21st of September, Claudine Naughton's tenure as Chief People Officer ended after 2.1 years in the role. We don't have any record of a personal shareholding under Claudine's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.33 years, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • Aug 14
Independent Director recently bought €1.4m worth of stock On the 6th of August, Peter Nolan bought around 21k shares on-market at roughly €68.67 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €26m more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 12
Independent Director recently bought €1.4m worth of stock On the 6th of August, Peter Nolan bought around 21k shares on-market at roughly €68.67 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €26m more in shares than they bought in the last 12 months. Ankündigung • Aug 06
Rosen Law Firm Files Class Action Lawsuit on Behalf of Purchasers of the Securities of Activision Blizzard, Inc. Between August 4, 2016 and July 27, 2021, Inclusive Rosen Law Firm filed class action lawsuit on behalf of purchasers of the securities of Activision Blizzard, Inc. between August 4, 2016 and July 27, 2021, inclusive. The lawsuit seeks to recover damages for Activision Blizzard investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Activision Blizzard discriminated against women and minority employees; Activision Blizzard fostered a pervasive "frat boy" workplace culture that continues to thrive; numerous complaints about unlawful harassment, discrimination, and retaliation were made to human resources personnel and executives which went unaddressed; the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard's operations; as a result as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect; Activision Blizzard failed to inform shareholders that the California Department of Fair Employment and Housing had been investigating Activision Blizzard for harassment and discrimination; and as a result, Defendants' statements about Activision Blizzard's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS US$1.13 (vs US$0.75 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.30b (up 19% from 2Q 2020). Net income: US$876.0m (up 51% from 2Q 2020). Profit margin: 38% (up from 30% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 05
Activision Blizzard, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2021 Activision Blizzard, Inc. provided earnings guidance for the third quarter and full year of 2021. For the third quarter, the company expects GAAP net revenue of $1,970 million. GAAP EPS of $0.64.
For the full year, the company expects GAAP net revenue of $8,515 million. GAAP EPS of $3.08. Executive Departure • Aug 05
President & CEO of Blizzard Entertainment Inc J. Brack has left the company During their tenure, earnings grew by 74% annually compared to the industry average of 20%. On the 3rd of August, J. Brack left the company after 2.8 in the role. We don't have any record of a personal shareholding under Brack's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Aug 05
President & CEO of Blizzard Entertainment Inc J. Brack has left the company During their tenure, earnings grew by 74% annually compared to the industry average of 20%. On the 3rd of August, J. Brack left the company after 2.8 in the role. We don't have any record of a personal shareholding under Brack's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 15
Chief Legal Officer Christopher Walther has left the company On the 14th of June, Christopher Walther's tenure as Chief Legal Officer ended after 11.6 years in the role. As of March 2021, Christopher still personally held 39.68k shares (€3.2m worth at the time). Christopher is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • May 15
Independent Director recently bought €1.6m worth of stock On the 10th of May, Peter Nolan bought around 20k shares on-market at roughly €78.18 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €52m more in shares than they bought in the last 12 months. Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.80 (vs US$0.66 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: US$2.28b (up 27% from 1Q 2020). Net income: US$619.0m (up 23% from 1Q 2020). Profit margin: 27% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 07
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 06 May 2021. Trailing yield: 0.5%. Lower than top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (1.8%). Ankündigung • Mar 03
Activision Blizzard, Inc. Appoints Frances F. Townsend as Corporate Secretary and Chief Compliance Officer Activision Blizzard announced that Frances F. Townsend has joined the company as the Executive Vice President for Corporate Affairs and has been appointed by the Board of Directors to serve as Corporate Secretary and Chief Compliance Officer. She also will oversee Government Affairs, Public Policy, and Communications among other corporate functions. Townsend brings a wealth of experience that spans government, legal, and business affairs work at the highest levels, most recently as vice chairman, general counsel and chief administrative officer at MacAndrews & Forbes, Inc. Prior to that, she was a corporate partner with Baker Botts LLP. From 2004 to 2008, Townsend served as the assistant for homeland security and counterterrorism to President George W. Bush, chairing the Homeland Security Council during a pivotal period for the United States. Townsend also served as deputy national security advisor for combating terrorism from 2003 to 2004. She spent thirteen years at the U.S. Department of Justice under the administrations of Presidents George H.W. Bush, Bill Clinton, and George W. Bush. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS US$2.85 (vs US$1.96 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$8.09b (up 25% from FY 2019). Net income: US$2.20b (up 46% from FY 2019). Profit margin: 27% (up from 23% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue beats expectations Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 5.4%, compared to a 36% growth forecast for the Entertainment industry in Austria. Ankündigung • Feb 24
Activision Announces Tony Hawk’s™ Pro Skater™ 1 and 2 Makes its Way to PlayStation® 5 and Xbox Series X|S on March 26 Activision announced that Tony Hawk’s™ Pro Skater™ 1 and 2 makes its way to PlayStation® 5 and Xbox Series X|S on March 26 and lands on Nintendo Switch™ for the first time in 2021. The upcoming, next-gen versions of Tony Hawk’s Pro Skater 1 and 2 will give players a variety of upgrades, such as super crisp 120 FPS at 1080P, native 4K at 60 FPS1, spatial audio and more, while the game on Nintendo Switch™ will give fans the chance to ollie with Tony Hawk and the line-up of pro-skaters on-the-go. As the fastest Tony Hawk’s Pro Skater game to sell 1 million units2, Tony Hawk’s Pro Skater 1 and 2 is a faithful remaster of the first two iconic games in the franchise, blending all the original levels, pro-skaters, old-school tricks and more that gamers remember from the ‘90s and 2000s with new, beautifully recreated levels. High-fidelity atmospherics will be added to the next-gen upgrade for Tony Hawk’s Pro Skater 1 and 2. This unique graphical feature will allow players to enjoy the experience of sharper dynamic shadows, reflections and lens flares, as well as enhanced skater textures and more on next-gen consoles. Digital players can upgrade to the Cross-Gen Deluxe Bundle with all the added features for an additional $10 SRP. The upgrade includes access to the secret skater Ripper (a.k.a. the infamous Powell-Peralta mascot), retro gear for Create-A-Skater mode, and retro skins for Tony Hawk, Steve Caballero and Rodney Mullen. Additionally, Activision Blizzard, Inc. is giving fans who already own the digital deluxe version of the game on PlayStation® 4 and Xbox One a next-gen upgrade at no cost (except in Japan) on March 26. Getting to this milestone was no skate in the park. Skateboard icon Tony Hawk requested the help of videogame icon Crash Bandicoot to bring the remaster to new platforms, following the announcement that Crash Bandicoot 4: It’s About Time would be coming to next-gen platforms and Nintendo Switch™ on March 12. Crash, whose Bandicoot-branded swag appeared in Tony Hawk’s Pro Skater 1 and 2 this past November, leveraged his clout in exchange for a personal skating lesson from the original birdman himself, resulting in playful Twitter banter between the two videogame icons. Pre-orders for Tony Hawk’s Pro Skater 1 and 2 on PlayStation® 5, Xbox Series X|S and Nintendo Switch™ start February 23, 2021 in select territories. Tony Hawk’s Pro Skater 1 and 2 is available now for PlayStation® 4, PlayStation® 4 Pro, the family of Xbox One devices from Microsoft, including the Xbox One X, and on PC through the Epic platform. Is New 90 Day High Low • Feb 06
New 90-day high: €84.23 The company is up 27% from its price of €66.22 on 06 November 2020. The Austrian market is up 38% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €79.96 per share. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue beats expectations Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 2.9%, compared to a 38% growth forecast for the Entertainment industry in Austria. Is New 90 Day High Low • Jan 18
New 90-day high: €75.16 The company is up 11% from its price of €67.78 on 20 October 2020. The Austrian market is up 32% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €68.95 per share. Ankündigung • Jan 12
Activision Blizzard, Inc. to Report Q4, 2020 Results on Feb 04, 2021 Activision Blizzard, Inc. announced that they will report Q4, 2020 results After-Market on Feb 04, 2021 Is New 90 Day High Low • Dec 15
New 90-day high: €70.77 The company is up 3.0% from its price of €68.67 on 15 September 2020. The Austrian market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €60.06 per share. Recent Insider Transactions • Dec 11
Independent Director recently sold €665k worth of stock On the 4th of December, Casey Wasserman sold around 10k shares on-market at roughly €66.54 per share. In the last 3 months, there was an even bigger sale from another insider worth €25m. Insiders have been net sellers, collectively disposing of €53m more than they bought in the last 12 months. Is New 90 Day High Low • Nov 10
New 90-day low: €63.87 The company is down 8.0% from its price of €69.17 on 12 August 2020. The Austrian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €49.65 per share. Recent Insider Transactions • Nov 06
Chairman of the Board recently sold €25m worth of stock On the 4th of November, Brian Kelly sold around 375k shares on-market at roughly €65.85 per share. This was the largest sale by an insider in the last 3 months. Brian has been a seller over the last 12 months, reducing personal holdings by €50m. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS US$0.78 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$1.95b (up 52% from 3Q 2019). Net income: US$604.0m (up 196% from 3Q 2019). Profit margin: 31% (up from 16% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 
