This company has been acquired
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 24.1% 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 Growth | 18.1% |
Revenue growth rate | 3.7% |
Return on equity | 10.4% |
Net Margin | 24.9% |
Last Earnings Update | 30 Jun 2023 |
Recent past performance 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 08Revenue & Expenses Breakdown
How Activision Blizzard makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
30 Jun 23 | 8,706 | 2,166 | 2,330 | 1,570 |
31 Mar 23 | 8,143 | 1,858 | 2,270 | 1,477 |
31 Dec 22 | 7,528 | 1,513 | 2,218 | 1,421 |
30 Sep 22 | 7,357 | 1,674 | 1,903 | 1,256 |
30 Jun 22 | 7,644 | 1,878 | 1,785 | 1,307 |
31 Mar 22 | 8,296 | 2,475 | 1,758 | 1,330 |
31 Dec 21 | 8,803 | 2,699 | 1,813 | 1,337 |
30 Sep 21 | 9,052 | 2,644 | 1,938 | 1,364 |
30 Jun 21 | 8,938 | 2,609 | 1,973 | 1,310 |
31 Mar 21 | 8,573 | 2,311 | 1,957 | 1,265 |
31 Dec 20 | 8,086 | 2,197 | 1,848 | 1,150 |
30 Sep 20 | 7,660 | 2,213 | 1,802 | 1,098 |
30 Jun 20 | 6,988 | 1,813 | 1,739 | 1,034 |
31 Mar 20 | 6,452 | 1,561 | 1,682 | 987 |
31 Dec 19 | 6,489 | 1,503 | 1,658 | 998 |
30 Sep 19 | 6,884 | 1,664 | 1,627 | 1,027 |
30 Jun 19 | 7,113 | 1,720 | 1,739 | 1,080 |
31 Mar 19 | 7,360 | 1,795 | 1,821 | 1,091 |
31 Dec 18 | 7,500 | 1,848 | 1,884 | 1,101 |
30 Sep 18 | 7,162 | 577 | 2,034 | 1,095 |
30 Jun 18 | 7,268 | 506 | 2,099 | 1,104 |
31 Mar 18 | 7,256 | 347 | 2,134 | 1,103 |
31 Dec 17 | 7,017 | 273 | 2,123 | 1,069 |
30 Sep 17 | 6,988 | 1,111 | 1,957 | 1,035 |
30 Jun 17 | 6,939 | 1,120 | 1,917 | 1,012 |
31 Mar 17 | 6,879 | 1,028 | 1,926 | 1,008 |
31 Dec 16 | 6,608 | 962 | 1,797 | 958 |
30 Sep 16 | 5,946 | 867 | 1,645 | 866 |
30 Jun 16 | 5,367 | 795 | 1,446 | 776 |
31 Mar 16 | 4,841 | 854 | 1,225 | 676 |
31 Dec 15 | 4,664 | 881 | 1,109 | 646 |
30 Sep 15 | 4,887 | 1,078 | 1,051 | 637 |
30 Jun 15 | 4,649 | 930 | 1,113 | 610 |
31 Mar 15 | 4,575 | 919 | 1,095 | 573 |
31 Dec 14 | 4,408 | 817 | 1,116 | 571 |
30 Sep 14 | 4,351 | 630 | 1,189 | 584 |
30 Jun 14 | 4,289 | 707 | 1,134 | 592 |
31 Mar 14 | 4,370 | 826 | 1,099 | 602 |
31 Dec 13 | 4,583 | 987 | 1,017 | 584 |
30 Sep 13 | 4,833 | 1,165 | 1,094 | 607 |
30 Jun 13 | 4,984 | 1,331 | 1,041 | 592 |
31 Mar 13 | 5,008 | 1,194 | 1,154 | 615 |
31 Dec 12 | 4,856 | 1,125 | 1,139 | 604 |
Quality Earnings: ATVI has high quality earnings.
Growing Profit Margin: ATVI'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: ATVI's earnings have grown by 10.9% per year over the past 5 years.
Accelerating Growth: ATVI's earnings growth over the past year (15.3%) exceeds its 5-year average (10.9% per year).
Earnings vs Industry: ATVI earnings growth over the past year (15.3%) did not outperform the Entertainment industry 23.3%.
Return on Equity
High ROE: ATVI's Return on Equity (10.4%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2023/10/14 05:59 |
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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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 |