Activision Blizzard Management

Management criteria checks 4/4

Activision Blizzard's CEO is Bobby Kotick, appointed in Feb 1991, has a tenure of 32.67 years. total yearly compensation is $178.88K, comprised of 34.9% salary and 65.1% bonuses, including company stock and options. directly owns 0.5% of the company’s shares, worth $370.59M. The average tenure of the management team and the board of directors is 2.5 years and 9.9 years respectively.

Key information

Bobby Kotick

Chief executive officer

US$178.9k

Total compensation

CEO salary percentage	34.9%
CEO tenure	32.7yrs
CEO ownership	0.5%
Management average tenure	2.5yrs
Board average tenure	9.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bobby Kotick's remuneration changed compared to Activision Blizzard's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$179k	US$63k	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$827k	US$718k	US$3b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$3b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$155m	US$1m	US$2b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$30m	US$2m	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$31m	US$2m	US$2b
Sep 30 2018	n/a	n/a	US$577m
Jun 30 2018	n/a	n/a	US$506m
Mar 31 2018	n/a	n/a	US$347m
Dec 31 2017	US$29m	US$2m	US$273m
Sep 30 2017	n/a	n/a	US$1b
Jun 30 2017	n/a	n/a	US$1b
Mar 31 2017	n/a	n/a	US$1b
Dec 31 2016	US$33m	US$2m	US$962m

Compensation vs Market: Bobby's total compensation ($USD178.88K) is below average for companies of similar size in the UK market ($USD5.14M).

Compensation vs Earnings: Bobby's compensation has been consistent with company performance over the past year.

CEO

Bobby Kotick (60 yo)

32.7yrs

Tenure

US$178,882

Compensation

Mr. Robert A. Kotick, also known as Bobby, has been the Chief Executive Officer at Activision Blizzard, Inc. since February 1991 and served as its President from July 2008 to June 26, 2017. Mr. Kotick is t...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Kotick	CEO & Director	32.7yrs	US$178.88k	0.50% $ 370.6m
Armin Zerza	Chief Financial Officer	2.5yrs	US$12.09m	0.0056% $ 4.1m
Brian Bulatao	Chief Administrative Officer	2.6yrs	US$11.24m	0.0026% $ 1.9m
Grant Dixton	Chief Legal Officer	2.3yrs	US$5.52m	0.0030% $ 2.2m
Lulu Meservey	Executive VP of Corporate Affairs & Chief Communications Officer	less than a year	US$3.80m	no data
Jesse Yang	Deputy CFO	3.4yrs	no data	0.0018% $ 1.3m
Christopher Hickey	Senior Vice President of Investor Relations	no data	no data	no data
Julie Hodges	Chief People Officer	2.1yrs	no data	0.0041% $ 3.1m
Johanna Faries	Head of Call of Duty Esports	5yrs	no data	no data
Kristen Hines	Chief Diversity	1.5yrs	no data	no data
Stacey Sher	Co-President of Activision Blizzard Studios	7.8yrs	no data	no data
Nicolas Anton Van Dyk	Co-President of Activision Blizzard Studios	no data	no data	no data

2.5yrs

Average Tenure

53yo

Average Age

Experienced Management: 0H8X's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Kotick	CEO & Director	32.7yrs	US$178.88k	0.50% $ 370.6m
Peter Nolan	Independent Director	10yrs	US$351.03k	0.018% $ 13.1m
Brian Kelly	Chairman of the Board	28.3yrs	US$490.03k	0.076% $ 56.7m
Robert Corti	Independent Director	19.8yrs	US$382.94k	0.016% $ 11.9m
Barry Meyer	Independent Director	9.8yrs	US$345.53k	0.0071% $ 5.3m
Robert Morgado	Lead Independent Director	26.7yrs	US$460.03k	0.016% $ 12.1m
Reveta Bowers	Independent Director	5.8yrs	US$356.53k	0.0025% $ 1.9m
Riccardo Zacconi	Chairman of King Digital Limited	4.3yrs	US$19.82m	no data
Kerry Carr	Independent Director	1.3yrs	US$303.34k	0.00041% $ 304.6k
Dawn Ostroff	Independent Director	3.3yrs	US$385.53k	0.0012% $ 876.6k

9.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 0H8X's board of directors are considered experienced (9.9 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/13 05:44
End of Day Share Price	2023/10/13 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Benjy Scurlock	Arete Research Services LLP
Joseph Bonner	Argus Research Company
Colin Sebastian	Baird

Activision Blizzard Management

Management criteria checks 4/4

Key information

Recent management updates

Activision Blizzard, Inc. Announces Board Changes

Independent Director recently bought US$1.0m worth of stock

President & COO recently sold US$694k worth of stock

Daniel Alegre, President and Chief Operating Officer of Activision Blizzard, Inc. Notifies the Company to Leave

Activision Blizzard Announces Executive Changes

President & COO recently sold US$782k worth of stock

Recent updates

Activision Blizzard Files Form 15

Activision Blizzard, Inc.(NasdaqGM:ATVI) dropped from FTSE All-World Index (USD)

Activision Blizzard, Inc.(NasdaqGS:ATVI) dropped from S&P 500 Communication Services (Sector)

Activision Blizzard, Inc. Announces Board Changes

Microsoft Submits New Plan in £54 Billion Takeover Battle with UK Competition Watchdog

Microsoft Submits New Plan in £54 Billion Takeover Battle with UK Competition Watchdog

Upcoming dividend of US$0.99 per share at 1.1% yield

Activision Blizzard, Microsoft Extend Merger Deadline to October 18

Second quarter 2023 earnings released: EPS: US$0.75 (vs US$0.36 in 2Q 2022)

Independent Director recently bought US$1.0m worth of stock

First quarter 2023 earnings released: EPS: US$0.94 (vs US$0.51 in 1Q 2022)

President & COO recently sold US$694k worth of stock

Full year 2022 earnings released: EPS: US$1.94 (vs US$3.47 in FY 2021)

Activision Blizzard, Inc. to Report Q4, 2022 Results on Feb 06, 2023

Daniel Alegre, President and Chief Operating Officer of Activision Blizzard, Inc. Notifies the Company to Leave

Now 20% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$0.56 (vs US$0.82 in 3Q 2021)

Now 20% undervalued after recent price drop

Activision Blizzard, Inc. to Report Q3, 2022 Results on Nov 07, 2022

Activision Blizzard Announces Executive Changes

President & COO recently sold US$782k worth of stock

Chief Financial Officer recently sold US$816k worth of stock

Second quarter 2022 earnings released: EPS: US$0.36 (vs US$1.13 in 2Q 2021)

Activision Blizzard, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Activision Blizzard, Inc. Appoints Kerry Carr to Its Board

Chief Financial Officer recently sold US$255k worth of stock

Senior VP & Chief Accounting Officer recently sold US$851k worth of stock

Activision Blizzard, Inc., Annual General Meeting, Jun 21, 2022

First quarter 2022 earnings released: EPS: US$0.51 (vs US$0.80 in 1Q 2021)

Activision Blizzard, Inc. Announces Executive Changes

Activision Blizzard Appoints Kristen Hines as Chief Diversity, Equity, and Inclusion Officer, Effective April 25, 2022

Upcoming dividend of US$0.47 per share

Activision Blizzard, Inc. Announces Court to Approve Activision Agreement with EEOC

President & COO recently sold US$1.2m worth of stock

Activision Blizzard, Inc. Declares Cash Dividend, Payable on May 6, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.82 (vs US$0.78 in 3Q 2020)

Chief People Officer Claudine Naughton has left the company

Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in A Securities Class Action Lawsuit Against Activision Blizzard, Inc

Chief People Officer Claudine Naughton has left the company

Chief People Officer Claudine Naughton has left the company

Independent Director recently bought US$1.7m worth of stock

Independent Director recently bought US$1.7m worth of stock

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

Second quarter 2021 earnings released: EPS US$1.13 (vs US$0.75 in 2Q 2020)

Activision Blizzard, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2021

President & CEO of Blizzard Entertainment Inc J. Brack has left the company

President & CEO of Blizzard Entertainment Inc J. Brack has left the company

Activision Blizzard, Inc.(NasdaqGS:ATVI) dropped from Russell 1000 Dynamic Index

Chief Legal Officer Christopher Walther has left the company

Independent Director recently bought US$1.9m worth of stock

First quarter 2021 earnings released: EPS US$0.80 (vs US$0.66 in 1Q 2020)

Activision Blizzard, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2021

Upcoming dividend of US$0.47 per share

Activision Blizzard, Inc. Appoints Frances F. Townsend as Corporate Secretary and Chief Compliance Officer

President & COO recently sold US$1.8m worth of stock

Revenue beats expectations

Full year 2020 earnings released: EPS US$2.85 (vs US$1.96 in FY 2019)

Activision Announces Tony Hawk’s™ Pro Skater™ 1 and 2 Makes its Way to PlayStation® 5 and Xbox Series X|S on March 26

Full year 2020 earnings released: EPS US$2.85 (vs US$1.96 in FY 2019)

Revenue beats expectations

New 90-day high: US$102

New 90-day high: US$93.03

Activision Blizzard, Inc. to Report Q4, 2020 Results on Feb 04, 2021

Independent Director recently sold US$808k worth of stock

New 90-day low: US$75.25

Chairman of the Board recently sold US$29m worth of stock

Third quarter 2020 earnings released: EPS US$0.78