Activision Blizzard Inc (ATVI): Investor Discussion
Activision Blizzard Inc
TMT, Event Driven/Special Sit
02/13/2023
Presented
| Date | 02/10/2023 |
| Price | $75.45 |
| Market Cap | $59.05B |
| Ent Value | $52.17B |
| P/E Ratio | 39.31x |
| Book Value | N/A |
| Div Yield | 0.62% |
| Shares O/S | 782.63M |
| Ave Daily Vol | 6,813,630 |
| Short Int | 2.02% |
Current
| Price | $94.42 |
| Market Cap | $72.42B |
| Activision Blizzard, Inc. is a developer and publisher of interactive entertainment content and services. It operates through the following segments: Activision Publishing, Blizzard Entertainment, and King Digital Entertainment. The Activision Publishing segment delivers content through both premium and free-to-play offerings and generates revenue from full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products. The Blizzard Entertainment segment is engaged in delivering content through both premium and free-to-play offerings and generates revenue from full-game and in-game sales, subscriptions, and by licensing software to third-party or related-party companies that distribute Blizzard products. The King Digital Entertainment segment is focused on delivering content through free-to-play offerings and generates revenue from in-game sales and in-game advertising on the mobile platform. The company was founded in 1979 and is headquartered in Santa Monica, CA. |
Publicly traded companies mentioned herein: Activision Blizzard Inc (ATVI), Electronic Arts Inc (EA), Meta Platforms Inc (META), Microsoft Inc (MSFT), Nintendo Co. (NTDOY), Sony Group Corp (SONY), Take-Two Interactive Software Inc (TTWO), Tencent Holdings Ltd (0700 HK).
Introduction and Background
The investor group is long or long biased Activision Blizzard, Inc. (ATVI) shares, and is generally positive about the stock as an investment going forward regardless of the merger outcome. If the merger is completed, the current share price discount to merger price ($75.45 vs. $95 merger price) provides a strong short term return. In the event the merger fails to be consummated they noted that there are several catalysts to investor returns. ATVI is a leading global developer and publisher of interactive entertainment content and services. The company operates through three segments: Activision, Blizzard, and King. Key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, Overwatch League, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.