Activision Blizzard, Inc.

DB:AIY Stock Report

Market Cap: €70.6b

Activision Blizzard Past Earnings Performance

Past criteria checks 4/6

Activision Blizzard has been growing earnings at an average annual rate of 10.9%, while the Entertainment industry saw earnings growing at 27.9% annually. Revenues have been growing at an average rate of 3.7% per year. Activision Blizzard's return on equity is 10.4%, and it has net margins of 24.9%.

Key information

10.9%

Earnings growth rate

10.4%

EPS growth rate

Entertainment Industry Growth30.3%
Revenue growth rate3.7%
Return on equity10.4%
Net Margin24.9%
Last Earnings Update30 Jun 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Activision Blizzard makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:AIY Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 238,7062,1662,3301,570
31 Mar 238,1431,8582,2701,477
31 Dec 227,5281,5132,2181,421
30 Sep 227,3571,6741,9031,256
30 Jun 227,6441,8781,7851,307
31 Mar 228,2962,4751,7581,330
31 Dec 218,8032,6991,8131,337
30 Sep 219,0522,6441,9381,364
30 Jun 218,9382,6091,9731,310
31 Mar 218,5732,3111,9571,265
31 Dec 208,0862,1971,8481,150
30 Sep 207,6602,2131,8021,098
30 Jun 206,9881,8131,7391,034
31 Mar 206,4521,5611,682987
31 Dec 196,4891,5031,658998
30 Sep 196,8841,6641,6271,027
30 Jun 197,1131,7201,7391,080
31 Mar 197,3601,7951,8211,091
31 Dec 187,5001,8481,8841,101
30 Sep 187,1625772,0341,095
30 Jun 187,2685062,0991,104
31 Mar 187,2563472,1341,103
31 Dec 177,0172732,1231,069
30 Sep 176,9881,1111,9571,035
30 Jun 176,9391,1201,9171,012
31 Mar 176,8791,0281,9261,008
31 Dec 166,6089621,797958
30 Sep 165,9468671,645866
30 Jun 165,3677951,446776
31 Mar 164,8418541,225676
31 Dec 154,6648811,109646
30 Sep 154,8871,0781,051637
30 Jun 154,6499301,113610
31 Mar 154,5759191,095573
31 Dec 144,4088171,116571
30 Sep 144,3516301,189584
30 Jun 144,2897071,134592
31 Mar 144,3708261,099602
31 Dec 134,5839871,017584
30 Sep 134,8331,1651,094607
30 Jun 134,9841,3311,041592
31 Mar 135,0081,1941,154615
31 Dec 124,8561,1251,139604

Quality Earnings: AIY has high quality earnings.

Growing Profit Margin: AIY's current net profit margins (24.9%) are higher than last year (24.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AIY's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: AIY's earnings growth over the past year (15.3%) exceeds its 5-year average (10.9% per year).

Earnings vs Industry: AIY earnings growth over the past year (15.3%) did not outperform the Entertainment industry 18.6%.

Return on Equity

High ROE: AIY's Return on Equity (10.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/10/14 14:59
End of Day Share Price 2023/10/12 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Activision Blizzard, Inc. is covered by 57 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjy ScurlockArete Research Services LLP
Joseph BonnerArgus Research Company
Colin SebastianBaird