Activision Blizzard to Release Fourth Quarter 2021 Financial Results on February 3, 2022

Rhea-AI Summary

Activision Blizzard, Inc. (NASDAQ: ATVI) plans to announce its fourth quarter 2021 results after market close on February 3, 2022. This follows Microsoft's announcement on January 18, 2022, regarding its intent to acquire Activision Blizzard for $95.00 per share, totaling $68.7 billion, subject to regulatory approval and stockholder consent. The deal is projected to close by Microsoft’s fiscal year ending June 30, 2023. During this acquisition period, Activision Blizzard will refrain from hosting a conference call or providing earnings guidance.

Positive

• Microsoft's acquisition plan at $95.00 per share highlights confidence in ATVI's value.
• The acquisition, if successful, may lead to enhanced resources and market reach for ATVI.

Negative

• Absence of a conference call and earnings guidance may lead to investor uncertainty.
• Pending regulatory review introduces potential risks and delays in the acquisition process.

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Activision Blizzard, Inc. (Nasdaq: ATVI) intends to release its fourth quarter 2021 results after the close of the market on Thursday, February 3, 2022.

As announced on January 18, 2022, Microsoft plans to acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard's net cash. The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzard's stockholder approval. The transaction, which is expected to close in Microsoft’s fiscal year ending June 30, 2023, has been approved by the boards of directors of both Activision Blizzard and Microsoft.

In light of the pending transaction with Microsoft, and as is customary during the pendency of an acquisition, Activision Blizzard will not be hosting a conference call, issuing an earnings presentation, or providing financial guidance in conjunction with its fourth quarter 2021 earnings release.

About Activision Blizzard

Our mission, to connect and engage the world through epic entertainment, has never been more important. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. We enable social connections through the lens of fun, and we foster purpose and a sense of accomplishment through healthy competition. Like sport, but with greater accessibility, our players can find purpose and meaning through competitive gaming. Video games, unlike any other social or entertainment media, have the ability to break down the barriers that can inhibit tolerance and understanding. Celebrating differences is at the core of our culture and ensures we can create games for players of diverse backgrounds in the 190 countries our games are played.

As a member of the Fortune 500 and as a component company of the S&P 500, we have an extraordinary track record of delivering superior shareholder returns for over 30 years.

Our enduring franchises are some of the world’s most popular, including Call of Duty^®, Crash Bandicoot™, Warcraft^®, Overwatch^®, Diablo^®, StarCraft^®, Candy Crush™, Bubble Witch™, Pet Rescue™ and Farm Heroes™. Our sustained success has enabled the company to support corporate social responsibility initiatives that are directly tied to our franchises. As an example, our Call of Duty Endowment has helped find employment for over 90,000 veterans.

Learn more information about Activision Blizzard and how we connect and engage the world through epic entertainment on the company's website, www.activisionblizzard.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005887/en/

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FAQ

What are Activision Blizzard's Q4 2021 earnings release dates and details?

Activision Blizzard plans to release its fourth quarter 2021 earnings on February 3, 2022, after market close.

What is the status of Microsoft's acquisition of Activision Blizzard?

Microsoft announced its plan to acquire Activision Blizzard for $95.00 per share, totaling $68.7 billion, pending regulatory approval.

When is the expected completion date for the Microsoft-Activision Blizzard acquisition?

The acquisition is anticipated to close by Microsoft’s fiscal year ending June 30, 2023.

Why is Activision Blizzard not hosting a conference call for earnings?

Activision Blizzard will not host a conference call or provide earnings guidance due to the pending acquisition by Microsoft.