This company has been acquired
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 | 27.7% |
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
Microsoft files planned Activision acquisition with European antitrust regulator
Sep 3017 Opportunities In Merger Arbitrage Space
Sep 22Activision Blizzard sets 'Call of Duty' franchise event
Sep 09What Will Microsoft Lose If The Activision Blizzard Deal Collapses?
Aug 23Activision Blizzard Non-GAAP EPS of $0.48 in-line, revenue of $1.64B beats by $70M
Aug 01Activision Blizzard: What If The Microsoft Deal Fails?
Jul 22Microsoft said to have responded to FTC's second request in Activision deal
Jul 15Activision Blizzard closes acquisition of Proletariat
Jul 01Buy Activision Blizzard Because Microsoft Deal Will Likely Close
Jun 21Activision Stock Forecast: Will The Price Go Up Or Fall In 2022?
May 20Activision: Attractive Arbitrage Opportunity
Apr 22Microsoft's $69 Billion Acquisition Of Activision: A Morphing FTC
Apr 16Activision: This Merger Arbitrage Is A Great Deal
Mar 28Activision And Microsoft Merger: Arbitrage Not Worth The Risk
Mar 21Activision: Great Company But Tons Of Stock Volatility
Feb 22Merger Arbitrage Mondays - Activision Blizzard Trades At A Big Discount To Microsoft's Acquisition Price
Jan 25Microsoft Takes Out Activision: Everything You Need To Know
Jan 18Activision Blizzard: Growth At A Reasonable Price And An Opportunity To Buy The Dip
Jan 04Activision Blizzard: A Giant Of The Gaming Industry
Dec 22Is Now A Good Time To Buy Activision Blizzard? Yes, If You Believe In The Game Franchises
Nov 29Activision Blizzard Is Imploding
Nov 23Activision Blizzard Is Not Cheap
Nov 17Activision Blizzard: The Sell-Off Gives An Investment Opportunity
Nov 08Earnings and Revenue Growth Forecasts
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%).
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2023/10/14 18:10 |
End of Day Share Price | 2023/10/12 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 * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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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 |