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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Activision Blizzard, Inc.    ATVI

ACTIVISION BLIZZARD, INC.

(ATVI)
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Activision Blizzard : Seeing Higher Gaming Demand During Pandemic, Raises Annual Guidance -- Earnings Review

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08/04/2020 | 04:20pm EDT

By Maria Armental

 

Activision Blizzard Inc., the company behind gaming franchises like Call of Duty, Candy Crush, and World of Warcraft, again raised financial projections for the year, following stronger-than-expected second-quarter results driven by higher engagement amid the coronavirus pandemic. Here's what you need to know:

PROFIT: Net income rose to $580 million, or 75 cents a share, from $328 million, or 43 cents a share, a year earlier. On an adjusted basis, profit rose to 81 cents a share from 53 cents a share a year earlier. The company projected 54 cents a share, or 64 cents a share on an adjusted basis.

REVENUE: Revenue rose to $1.93 billion from $1.4 billion a year earlier, above the company's forecast of $1.69 billion.

BOOKINGS: Activision reported $2.08 billion in net bookings for the June quarter, compared with $1.21 billion for the comparable period a year earlier.

MAU: The company reported 428 million monthly active users.

OUTLOOK: The company now expects $2.46 a share in profit this year, or $2.87 a share on an adjusted basis, on $7.28 billion in revenue. It earlier projected $2.22 a share in profit, or $2.62 a share on an adjusted basis, on $6.8 billion in revenue. Net bookings are now expected to be about $7.63 billion, up from its earlier view of about $6.9 billion.

PANDEMIC: Company officials have pointed to uncertainty about the business impact but said higher demand has helped results thus far and that they expect to launch major new content into key franchises in the second half of the year, "creating the opportunity for strong financial performance."

 

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Financials (USD)
Sales 2020 7 851 M - -
Net income 2020 2 063 M - -
Net cash 2020 5 293 M - -
P/E ratio 2020 31,7x
Yield 2020 0,51%
Capitalization 62 506 M 62 506 M -
EV / Sales 2020 7,29x
EV / Sales 2021 6,83x
Nbr of Employees 9 080
Free-Float 63,5%
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Mean consensus BUY
Number of Analysts 31
Average target price 94,26 $
Last Close Price 80,98 $
Spread / Highest target 30,9%
Spread / Average Target 16,4%
Spread / Lowest Target -11,1%
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Managers
NameTitle
Robert A. Kotick Chief Executive Officer & Director
Daniel I. Alegre President & Chief Operating Officer
Brian G. Kelly Chairman
Dennis M. Durkin CFO & President-Emerging Brands
Robert J. Corti Independent Director
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