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Activision Blizzard, Inc. - ATVI STOCK NEWS

Welcome to our dedicated page for Activision Blizzard news (Ticker: ATVI), a resource for investors and traders seeking the latest updates and insights on Activision Blizzard stock.

Activision Blizzard, Inc. (NASDAQ: ATVI) stands as the world's most successful standalone interactive entertainment company. Our extensive portfolio includes some of the most renowned franchises in the entertainment world, brought to life by our talented teams at Activision Publishing, Blizzard Entertainment, King Digital Entertainment, Activision Blizzard Studios, Major League Gaming, and our independent studios such as Toys for Bob, Infinity Ward, Sledgehammer Games, and Treyarch.

Core Business: Activision Blizzard is at the forefront of interactive gaming and entertainment. Our mainstay titles include legendary franchises like Call of Duty®, World of Warcraft®, Overwatch®, and Candy Crush Saga®, appealing to a diverse global audience. We operate across different platforms, including console, PC, and mobile, ensuring our games reach millions of users worldwide.

Recent Achievements: Recently, Candy Crush Saga® launched an innovative summer workout video in collaboration with Bob's Dance Shop, promoting thumb exercises in a playful manner. Additionally, we teamed up with renowned fashion designer Christian Cowan to create the Sweet Seat, a unique wearable seat for commuters inspired by the Candy Crush universe. Our latest Call of Duty® installment, Modern Warfare III, saw a unique influencer-driven campaign, featuring a diverse cast of creators and celebrities, further enhancing our engagement with the gaming community.

Financial Condition: With strong financial performance, Activision Blizzard continues to lead the industry. Our latest earnings report reflects robust growth, driven by the success of our key franchises and innovative marketing strategies.

Partnerships: Activision Blizzard frequently collaborates with top brands and creators to bring fresh and engaging content to our audience. Our recent partnerships with Bob's Dance Shop and Christian Cowan highlight our commitment to blending gaming with other entertainment forms, ensuring our offerings remain vibrant and relevant.

Central Corporate Operations: Our central corporate operations, which include finance, IT, sales and supply chain, human resources, and legal services, provide the backbone that supports our diverse and dynamic gaming ecosystem.

With a mission to connect and entertain the world through epic entertainment experiences, Activision Blizzard continues to innovate and lead in the interactive entertainment industry, bringing joy to millions of gamers worldwide.

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Activision Blizzard reported a strong performance for Q1 2023, with net bookings growing by 25% year-over-year to $1.86 billion. GAAP net revenues reached $2.38 billion, up from $1.77 billion in Q1 2022, while GAAP operating income increased by approximately 70%. The company highlighted continued growth across its major franchises, including Call of Duty and Candy Crush, with mobile bookings showing double-digit growth. Activision Blizzard remains focused on its acquisition deal with Microsoft, which is facing regulatory challenges in the UK. The outlook for Q2 indicates further growth, with projected GAAP revenue and net bookings expected to rise by at least 10% and 30% respectively.

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Activision Blizzard (ATVI) plans to release its first quarter 2023 results after market close on April 27, 2023. The company is currently in the process of being acquired by Microsoft for $95.00 per share in an all-cash transaction, which has already received board and stockholder approval. Due to the ongoing acquisition, Activision Blizzard will not host a conference call, issue an earnings presentation, or provide financial guidance for this earnings release. Investors are encouraged to stay informed through Activision's various disclosure channels, including their official website and investor relations page.

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Blizzard Entertainment has launched the Festival of Legends, a new expansion for its popular digital card game Hearthstone®. This expansion introduces 145 concert-themed cards featuring new mechanics such as the Finale keyword and Soloist minions. Each class includes a Legendary minion and Legendary spell, with unique effects enhancing gameplay. The expansion aims to appeal to a diverse range of music fans and includes updates to the Priest class, enhancing its healing capabilities with the Overheal keyword. The launch coincides with the beginning of the Year of the Wolf and introduces new Core Set updates. Mike Ybarra, President of Blizzard, emphasizes the creativity and excitement behind this expansion.

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Activision Publishing has announced the pre-order availability for Crash Team Rumble, launching on June 20, 2023. Players who pre-order will gain access to a Closed Beta from April 20-24. The game features a unique 4v4 multiplayer experience and allows players to choose from characters like Crash Bandicoot and Neo Cortex. Players will engage in strategic gameplay across various maps, utilizing unique powers to win. The Standard Edition is priced at $29.99, while the Deluxe Edition retails for $39.99, including additional content and unlocks.

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On March 23, the Candy Crush All Stars tournament returns, allowing players a chance to be crowned this year's champion. For the first time, 10 finalists will compete in London for a share of a $250,000 prize pot and championship rings worth $75,000 designed by Icebox. The event, featuring Saweetie, also showcases championship rings with rare gems, rewarding dedication among players. Open to players over 18 from select countries, the free tournament runs until April 3. Finalists will enjoy an all-expenses-paid trip to London for the live event on May 25.

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Blizzard Entertainment has launched a cosmetic collection in the Overwatch 2 game, featuring elements from the popular anime One-Punch Man. This collection includes hero skins for Doomfist, Genji, Kiriko, and Soldier 76, available until April 6. This event marks the first major collaboration within the Overwatch universe, hinting at future crossover opportunities. Mike Ybarra, Blizzard's president, expressed enthusiasm for this collaboration. The Overwatch 2 game continues to evolve with new features, including a new in-game shop and a battle pass system, aiming to enhance player engagement and experience.

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FAQ

What is the market cap of Activision Blizzard (ATVI)?

The market cap of Activision Blizzard (ATVI) is approximately 74.3B.

What is Activision Blizzard known for?

Activision Blizzard is renowned for its massively popular game franchises like Call of Duty, World of Warcraft, Overwatch, and Candy Crush Saga.

What recent projects has Activision Blizzard launched?

Recent projects include Candy Crush's Thumb Gym workout video and the Sweet Seat collaboration with fashion designer Christian Cowan. The latest Call of Duty installment, Modern Warfare III, also saw an innovative influencer-driven campaign.

How does Activision Blizzard generate revenue?

Activision Blizzard generates revenue through game sales, in-game purchases, and various partnerships and collaborations.

Where can I find Activision Blizzard's latest financial reports?

Activision Blizzard's latest financial reports can be accessed on their official website or financial news platforms.

What are some of Activision Blizzard's core business areas?

Activision Blizzard focuses on developing and publishing interactive entertainment content for consoles, PCs, and mobile devices.

Who are some of Activision Blizzard's partners?

Recent partners include Bob's Dance Shop and fashion designer Christian Cowan, among others.

How does Activision Blizzard support its operations?

Central corporate operations such as finance, IT, sales and supply chain, human resources, and legal services support Activision Blizzard's gaming ventures.

What is the mission of Activision Blizzard?

Activision Blizzard's mission is to connect and entertain the world through epic entertainment experiences.

What studios are part of Activision Blizzard?

Studios under Activision Blizzard include Activision Publishing, Blizzard Entertainment, King Digital Entertainment, Activision Blizzard Studios, Major League Gaming, Toys for Bob, Infinity Ward, Sledgehammer Games, and Treyarch.

What platforms do Activision Blizzard games support?

Activision Blizzard games are available on consoles, PCs, and mobile devices.

Activision Blizzard, Inc.

Nasdaq:ATVI

ATVI Rankings

ATVI Stock Data

74.29B
780.28M
0.84%
81.17%
1.94%
Electronic Gaming & Multimedia
Communication Services
Link
United States
Santa Monica