Activision Blizzard, Inc. Technology | Multimedia & Graphics Software | USA Activision Blizzard, Inc. develops and publishes games for video game consoles, personal computers (PC), mobile devices, and online social platforms. The company operates through three segments: Activision Publishing, Inc., Blizzard Entertainment, Inc., and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content through retail channels or digital downloads; and downloadable content. It also publishes subscription-based massive multiplayer online role-playing games; and strategy and role-playing games. In addition, the company maintains a proprietary online gaming service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games. Further, it engages in creating original film and television content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, game specialty stores, and consumers through third-party distribution and licensing arrangements in the United States, Australia, Brazil, Canada, China, France, Germany, Ireland, Italy, Japan, Malta, Mexico, the Netherlands, Romania, Singapore, South Korea, Spain, Sweden, Taiwan, and the United Kingdom. Activision Blizzard, Inc. was incorporated in 1979 and is headquartered in Santa Monica, California.
Activision Blizzard, Inc. (ATVI) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, August 3, 2017. The consensus earnings estimate is $0.30 per share on revenue of $1.21 billion and the Earnings Whisper ® number is $0.35 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of approximately $0.38 per share. Consensus estimates are for earnings to decline year-over-year by 31.82% with revenue decreasing by 22.93%. Short interest has decreased by 15.5% since the company's last earnings release while the stock has drifted higher by 13.8% from its open following the earnings release to be 29.3% above its 200 day moving average of $47.54. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, July 17, 2017 there was some notable buying of 10,062 contracts of the $67.50 call expiring on Friday, August 18, 2017. The stock has averaged a 6.9% move on earnings in recent quarters.
