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Activision Blizzard, Inc. (ATVI)
Key financial summary
Financials in USD| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 7,017 | 7,500 | 6,450 | 8,086 | 8,803 | 7,528 | 8,706 |
| Operating profit | $m | 1,670 | 2,236 | |||||
| Net profit | $m | 273 | 1,813 | 1,503 | 2,197 | 2,699 | 1,513 | 2,165 |
| EPS reported | $ | 1.92 | 2.73 | |||||
| Operating cashflow per share | $ | 2.84 | 2.84 | |||||
| Capex per share | $ | 0.12 | 0.12 | |||||
| FCF per share | $ | 2.72 | 2.72 | |||||
| Free cash flow | $m | 2,129 | 2,448 | |||||
| Net debt | $m | -8,543 | -9,472 | |||||
| Book value equity | $m | 19,243 | 20,793 | |||||
| Book value per share | $ | 24.39 | 26.19 | |||||
| Number of shares | m | 789 | 794 | |||||
| DPS (TTM paid) | $ | 0.47 | 0.00 |
Financial summary
Financials in USD| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 39.87 | - | |||||
| P/B LTM | x | 3.11 | 3.57 | |||||
| P/S LTM | x | 7.95 | 8.53 | |||||
| P/FCF LTM | x | 28.12 | 30.35 | |||||
| EV/EBITDA LTM | x | 25.09 | 20.69 | |||||
| EV/Sales LTM | x | 7.49 | 7.45 | |||||
| Earnings Yield LTM | % | 2.51% | 2.05% | |||||
| FCF Yield | % | 3.56% | 3.30% | |||||
| Quality | ||||||||
| ROE | % | 7.86% | 8.21% | |||||
| ROIC | % | 6.06% | 6.06% | |||||
| Operating margin | % | 22.18% | 22.18% | |||||
| Gross margin | % | 70.48% | 70.48% | |||||
| FCF/Sales | % | 28.28% | 28.28% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | -44.19% | +13.75% | |||||
| Sales Growth YoY | % | -14.48% | +13.88% | |||||
| Net Income Growth YoY | % | -43.94% | +15.28% | |||||
| FCF Growth | % | -8.78% | +27.10% | |||||
| Operating Profit Growth | % | -49.94% | -4.97% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 0.61% | 0.00% | |||||
| Dividend Growth | % | - | - | |||||
| Payout Ratio | % | 24.26% | 0.00% | |||||
| FCF/Debt | x | 0.59 | 0.68 | |||||
| Net Debt/EBITDA | x | -1.53 | -1.53 | |||||
| EBIT/Net interest | x | 15.46 | 15.46 | |||||
| Net debt/market cap | % | -14.27% | -12.75% | |||||
| Net debt/Equity | x | -0.44 | -0.46 | |||||
| Gross debt/equity | x | 0.19 | 0.17 | |||||
Company overview
Activision Blizzard, Inc. is a leading global creator and distributor of interactive entertainment content and services, operating through its subsidiaries. The company serves markets across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its operations are structured into three main divisions: Activision, Blizzard, and King. The firm designs and releases its diverse range of content and services for video game consoles, personal computers, and mobile platforms. Its revenue streams include sales from subscriptions, full game purchases, in-game items, and the licensing of its software to third-party or affiliated companies for the distribution of Activision and Blizzard products. Activision Blizzard also manages Battle.net, a proprietary online gaming service that supports digital content delivery, cultivates online social connectivity, and enables the creation of user-generated content. Additionally, the company organizes professional esports leagues and offers digital advertising opportunities. Beyond its core gaming business, it provides warehousing, logistics, and sales distribution assistance to external publishers of interactive entertainment software and manufacturers of gaming hardware. Its impressive catalog of key franchises includes popular titles such as Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, the Overwatch League, and Candy Crush. Activision Blizzard distributes its products to consumers via a wide network of retailers and distributors, such as large-scale retailers, consumer electronics chains, discount warehouses, and specialized game stores, often utilizing third-party distribution and licensing agreements. The company's primary corporate office is situated in Santa Monica, California.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Activision Blizzard, Inc. (ATVI)
Activision Blizzard, Inc. is a leading global creator and distributor of interactive entertainment content and services, operating through its subsidiaries. The company serves markets across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its operations are structured into three main divisions: Activision, Blizzard, and King. The firm designs and releases its diverse range of content and services for video game consoles, personal computers, and mobile platforms. Its revenue streams include sales from subscriptions, full game purchases, in-game items, and the licensing of its software to third-party or affiliated companies for the distribution of Activision and Blizzard products. Activision Blizzard also manages Battle.net, a proprietary online gaming service that supports digital content delivery, cultivates online social connectivity, and enables the creation of user-generated content. Additionally, the company organizes professional esports leagues and offers digital advertising opportunities. Beyond its core gaming business, it provides warehousing, logistics, and sales distribution assistance to external publishers of interactive entertainment software and manufacturers of gaming hardware. Its impressive catalog of key franchises includes popular titles such as Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, the Overwatch League, and Candy Crush. Activision Blizzard distributes its products to consumers via a wide network of retailers and distributors, such as large-scale retailers, consumer electronics chains, discount warehouses, and specialized game stores, often utilizing third-party distribution and licensing agreements. The company's primary corporate office is situated in Santa Monica, California.
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