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Activision Blizzard Future Growth

Future criteria checks 1/6

Activision Blizzard is forecast to grow earnings and revenue by 5.7% and 3.5% per annum respectively. EPS is expected to grow by 5.8% per annum. Return on equity is forecast to be 12.5% in 3 years.

Key information

5.7%

Earnings growth rate

5.8%

EPS growth rate

Entertainment earnings growth	27.9%
Revenue growth rate	3.5%
Future return on equity	12.5%
Analyst coverage	Good
Last updated	13 Oct 2023

Recent future growth updates

Recent updates

Is Activision Blizzard (NASDAQ:ATVI) A Risky Investment?

Oct 13

Is Activision Blizzard, Inc. (NASDAQ:ATVI) Worth US$81.9 Based On Its Intrinsic Value?

Jun 21

Does Activision Blizzard (NASDAQ:ATVI) Have A Healthy Balance Sheet?

May 23

Investors Could Be Concerned With Activision Blizzard's (NASDAQ:ATVI) Returns On Capital

Apr 13

A Look At The Fair Value Of Activision Blizzard, Inc. (NASDAQ:ATVI)

Mar 13

Microsoft files planned Activision acquisition with European antitrust regulator

Sep 30

Activision Blizzard's (NASDAQ:ATVI) Price Implies Some Positive Expected Value From M&A

Aug 16

Activision Blizzard Non-GAAP EPS of $0.48 in-line, revenue of $1.64B beats by $70M

Aug 01

Activision Blizzard: What If The Microsoft Deal Fails?

Jul 22

Microsoft said to have responded to FTC's second request in Activision deal

Jul 15

Activision Blizzard closes acquisition of Proletariat

Jul 01

Buy Activision Blizzard Because Microsoft Deal Will Likely Close

Jun 21

Activision Stock Forecast: Will The Price Go Up Or Fall In 2022?

May 20

Activision: Attractive Arbitrage Opportunity

Apr 22

Microsoft's $69 Billion Acquisition Of Activision: A Morphing FTC

Apr 16

Activision: This Merger Arbitrage Is A Great Deal

Mar 28

Activision And Microsoft Merger: Arbitrage Not Worth The Risk

Mar 21

Here's Why I Think Activision Blizzard (NASDAQ:ATVI) Might Deserve Your Attention Today

Feb 28

Activision: Great Company But Tons Of Stock Volatility

Feb 22

Merger Arbitrage Mondays - Activision Blizzard Trades At A Big Discount To Microsoft's Acquisition Price

Jan 25

Microsoft Takes Out Activision: Everything You Need To Know

Jan 18

Activision Blizzard: Growth At A Reasonable Price And An Opportunity To Buy The Dip

Jan 04

Activision Blizzard's (NASDAQ:ATVI) Growth Prospects Have Shrunk

Dec 23

Activision Blizzard: A Giant Of The Gaming Industry

Dec 22

Is Activision Blizzard (NASDAQ:ATVI) Using Too Much Debt?

Dec 21

Estimating The Fair Value Of Activision Blizzard, Inc. (NASDAQ:ATVI)

Dec 09

Is Now A Good Time To Buy Activision Blizzard? Yes, If You Believe In The Game Franchises

Nov 29

Activision Blizzard Is Imploding

Nov 23

Activision Blizzard Is Not Cheap

Nov 17

Activision Blizzard: The Sell-Off Gives An Investment Opportunity

Nov 08

PR is Not Enough to Stop the Activision Blizzard's (NASDAQ:ATVI) Falling Knife

Nov 03

Does Activision Blizzard (NASDAQ:ATVI) Deserve A Spot On Your Watchlist?

Oct 19

Earnings and Revenue Growth Forecasts

NasdaqGS:ATVI - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	10,151	2,945	3,425	3,540	5
12/31/2024	9,700	2,772	3,159	3,142	13
12/31/2023	9,592	2,785	2,956	3,013	14
6/30/2023	8,706	2,166	2,448	2,547	N/A
3/31/2023	8,143	1,858	2,042	2,155	N/A
12/31/2022	7,528	1,513	2,129	2,220	N/A
9/30/2022	7,357	1,674	1,670	1,758	N/A
6/30/2022	7,644	1,878	1,926	2,022	N/A
3/31/2022	8,296	2,475	2,139	2,212	N/A
12/31/2021	8,803	2,699	2,334	2,414	N/A
9/30/2021	9,052	2,644	2,812	2,893	N/A
6/30/2021	8,938	2,609	2,486	2,568	N/A
3/31/2021	8,573	2,311	2,867	2,948	N/A
12/31/2020	8,086	2,197	2,174	2,252	N/A
9/30/2020	7,660	2,213	1,937	2,030	N/A
6/30/2020	6,988	1,813	2,040	2,143	N/A
3/31/2020	6,452	1,561	1,412	1,529	N/A
12/31/2019	6,489	1,503	1,715	1,831	N/A
9/30/2019	6,884	1,664	1,799	1,912	N/A
6/30/2019	7,113	1,720	1,741	1,856	N/A
3/31/2019	7,360	1,795	1,593	1,711	N/A
12/31/2018	7,500	1,848	1,659	1,790	N/A
9/30/2018	7,162	577	1,783	1,949	N/A
6/30/2018	7,268	506	1,911	2,075	N/A
3/31/2018	7,256	347	2,166	2,331	N/A
12/31/2017	7,017	273	2,058	2,213	N/A
9/30/2017	6,988	1,111	1,791	1,914	N/A
6/30/2017	6,939	1,120	1,874	1,991	N/A
3/31/2017	6,879	1,028	N/A	2,229	N/A
12/31/2016	6,608	962	N/A	2,155	N/A
9/30/2016	5,946	867	N/A	2,359	N/A
6/30/2016	5,367	795	N/A	1,755	N/A
3/31/2016	4,841	854	N/A	1,387	N/A
12/31/2015	4,664	881	N/A	1,259	N/A
9/30/2015	4,887	1,078	N/A	1,391	N/A
6/30/2015	4,649	930	N/A	1,394	N/A
3/31/2015	4,575	919	N/A	1,365	N/A
12/31/2014	4,408	817	N/A	1,331	N/A
9/30/2014	4,351	630	N/A	977	N/A
6/30/2014	4,289	707	N/A	1,072	N/A
3/31/2014	4,370	826	N/A	1,075	N/A
12/31/2013	4,583	987	N/A	1,264	N/A
9/30/2013	4,833	1,165	N/A	1,360	N/A
6/30/2013	4,984	1,331	N/A	1,534	N/A
3/31/2013	5,008	1,194	N/A	1,517	N/A
12/31/2012	4,856	1,125	N/A	1,345	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATVI's forecast earnings growth (5.7% per year) is above the savings rate (2.2%).

Earnings vs Market: ATVI's earnings (5.7% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: ATVI's earnings are forecast to grow, but not significantly.

Revenue vs Market: ATVI's revenue (3.5% per year) is forecast to grow slower than the US market (8.6% per year).

High Growth Revenue: ATVI's revenue (3.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ATVI's Return on Equity is forecast to be low in 3 years time (12.5%).

This company has been acquired

Activision Blizzard Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus forecasts updated

Consensus EPS estimates fall by 19%

Price target decreased to US$101

Recent updates

Activision Blizzard Files Form 15

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)

Microsoft Corporation (NasdaqGS:MSFT) acquired Activision Blizzard, Inc. (NasdaqGS:ATVI) from Berkshire Hathaway Inc. (NYSE:BRK.A) and other investors.

Activision Blizzard, Inc. Announces Board Changes

Is Activision Blizzard (NASDAQ:ATVI) A Risky Investment?

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: EPS exceeds analyst expectations while revenues lag behind

Is Activision Blizzard, Inc. (NASDAQ:ATVI) Worth US$81.9 Based On Its Intrinsic Value?

Does Activision Blizzard (NASDAQ:ATVI) Have A Healthy Balance Sheet?

Independent Director recently bought US$1.0m worth of stock

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Investors Could Be Concerned With Activision Blizzard's (NASDAQ:ATVI) Returns On Capital

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

A Look At The Fair Value Of Activision Blizzard, Inc. (NASDAQ:ATVI)

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

Activision Blizzard Announces Executive Changes

Microsoft files planned Activision acquisition with European antitrust regulator

17 Opportunities In Merger Arbitrage Space

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

Activision Blizzard sets 'Call of Duty' franchise event

What Will Microsoft Lose If The Activision Blizzard Deal Collapses?

Activision Blizzard's (NASDAQ:ATVI) Price Implies Some Positive Expected Value From M&A

Consensus forecasts updated

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

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Activision Blizzard Non-GAAP EPS of $0.48 in-line, revenue of $1.64B beats by $70M

Activision Blizzard: What If The Microsoft Deal Fails?

Microsoft said to have responded to FTC's second request in Activision deal

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

Activision Blizzard closes acquisition of Proletariat

Activision Blizzard, Inc. Appoints Kerry Carr to Its Board

Buy Activision Blizzard Because Microsoft Deal Will Likely Close

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

Activision Stock Forecast: Will The Price Go Up Or Fall In 2022?

Lead Independent Director exercised options to buy US$3.4m worth of stock.

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

Senior VP & Chief Accounting Officer notifies of intention to sell stock

Consensus EPS estimates fall by 19%

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

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Activision: Attractive Arbitrage Opportunity

Activision Blizzard, Inc. Announces Executive Changes

Microsoft's $69 Billion Acquisition Of Activision: A Morphing FTC

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

Activision: This Merger Arbitrage Is A Great Deal

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