Categories Earnings, Leisure & Entertainment

Activision Blizzard (ATVI) Q4 profit dips 23% but beats estimates

Activision Blizzard Inc. (NASDAQ: ATVI) reported a 23% dip in earnings for the fourth quarter of 2019 due to lower revenue. However, the results exceeded analysts’ expectations. The company remained uncertain about the near-term and long-term as Q1 outlook beat consensus view while full-year forecast missed it.

Net income plunged by 23% to $525 million or $0.68 per share. Adjusted earnings dropped by 31% to $0.62 per share. Revenue fell by 17% to $1.99 billion. Analysts had expected EPS of $1.19 on revenue of $2.67 billion for the fourth quarter.

Activision Blizzard (ATVI) Q4 2019 earnings review

For the latest quarter, the results excluded GAAP deferrals of $722 million in revenue, $0.61 in unadjusted EPS, and $0.39 in adjusted EPS.

Looking ahead into the first quarter, the company expects net revenue of about $1.64 billion, unadjusted earnings of about $0.55 per share and adjusted earnings of $0.66 per share. The consensus estimates EPS of $0.39 on revenue of $1.35 billion.

For the full year 2020, Activision predicts net revenues of about $6.45 billion, unadjusted EPS of about $1.85 and adjusted EPS of about $2.22. The Street views EPS of $2.49 on revenue of $6.92 billion for the full year.

For the fourth quarter, net bookings decreased by 5% year-over-year to $2.71 billion. Net bookings from digital channels remained unchanged from the previous year quarter at $1.88 billion. In-game net bookings were $1.09 billion. For the December quarter, overall Activision Blizzard Monthly Active Users were 409 million.

In Activision, Call of Duty: Modern Warfare unit sales increased by a double-digit percentage versus Call of Duty: Black Ops 4, with growth across both PC and console. PC sales on grew 50% year-over-year, while Modern Warfare saw strong growth in full-game downloads with console digital mix at nearly 50%. In-game net bookings rose by a double-digit percentage versus Black Ops 4.

In Blizzard, the growth was driven by Descent of Dragons, new Battlegrounds game mode, and World of Warcraft. Overwatch launched on the Nintendo Switch, further expanding a community that has surpassed 50 million players globally since launch.

Read: Alphabet stock in red after Q4 results

In King, Candy Crush turned out to be once again the top-grossing franchise in the US mobile app stores in the fourth quarter. Candy Crush Saga mobile reach grew year-over-year and it was the top-grossing title in the US app stores.

Last week, Electronic Arts (NASDAQ: EA) reported a double-digit increase in third-quarter earnings and revenues, mainly on the strength of its live services and downloads, which was partially offset by weakness in the mobile segment. However, the results fell short of expectations.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

Infographic: Key highlights from Campbell Soup Company’s (CPB) Q1 2023 earnings results

Campbell Soup Company (NYSE: CPB) reported first quarter 2023 earnings results today. Net sales increased 15% year-over-year to $2.57 billion. Organic sales growth was 15%. Net earnings attributable to Campbell Soup

Cancer drug maker Felicitex prepares for IPO. Here’s all you need to know

Fewer companies filed for initial public offering this year, compared to 2021 when the market witnessed a record number of IPOs. With only a few weeks left for the year

Chipotle Mexican Grill (CMG): A few points to keep in mind if you have an eye on this restaurant chain

Shares of Chipotle Mexican Grill Inc. (NYSE: CMG) were down 3% on Tuesday. The stock has dropped 13% year-to-date but there is still a positive sentiment in general about its


  1. Pingback: teak furniture
  2. Pingback: Heavy-R
  3. Pingback: Heavy
  4. Pingback: ff tools
  5. Pingback: ThopTV APK Pro app
  6. Pingback: maggi
  7. Pingback: mediamarkt
  8. Pingback: ff tool pro hack
  9. Pingback: TikTok 18
  10. Pingback: enlevement epave
  11. Pingback: enlevement epave
  12. Pingback: enlevement epave
  13. Pingback: enlevement epave
  14. Pingback: enlevement epave
  15. Pingback: Epaviste
  16. Pingback: enlevement epave
  17. Pingback: enlevement epave
  18. Pingback: enlevement epave
  19. Pingback: épave automobile
  20. Pingback: enlevement epave
  21. Pingback: enlevement epave
  22. Pingback: Epaviste
  23. Pingback: เว็บ123
  24. Pingback: naza
  25. Pingback: เว็บ123
  26. Pingback: คาสิโน
  27. Pingback: เว็บ123
  28. Pingback: bar carts for sale
  29. Pingback: delta 8 edibles
  30. Pingback: Weed Delivery
  31. Pingback: ps5 for sale
  32. Pingback: WordPress Hosting
  33. Pingback: Epaviste gratuit
  34. Pingback: enlevement epave
  35. Pingback: berry pie strain
  36. Pingback: DESERT EAGLE 1911
  37. Pingback: CZ P10C FOR SALE
  38. Pingback: FLINTLOCK PISTOL
  39. Pingback: Prediction site
  40. Pingback: lactacyd
  41. Pingback: krayzie bone syrup
  42. Pingback: Buy This Domain
  43. Pingback: classic books
  44. Pingback: trade show models
  45. Pingback: promo models
  46. Pingback: Las Vegas models
  47. Pingback: promo models
  48. Pingback: Qualified Writings
  49. Pingback: مسيار
  50. Pingback: raw gardens carts
  51. Pingback: Buy This Domain
  52. Pingback: สล็อตpg
  53. Pingback: slot
  54. Pingback: Samsung Galaxy
  55. Pingback: learn typing
  56. Pingback: vintage posters
  57. Pingback: vintage art framed
  58. Pingback: vintage posters
  59. Pingback: poster 1988
  60. Pingback: buy vyvanse 70mg
  61. Pingback: concerta for sale
  62. Pingback: slayer sneakers
  63. Pingback: lowes tiles
  64. Pingback: Decorative tile
  65. Pingback: lowes maui
  66. Pingback: Buy Crack Online
  67. Pingback: MDMA for Sale
  68. Pingback: Buy MDMA Online
  69. Pingback: Trending videos
  70. Pingback: mobiles
  71. Pingback: ovid news
  72. Pingback: Political news
  73. Pingback: Trending news
  74. Pingback: site web
  75. Pingback: see post
  76. Pingback: find
  77. Pingback: see this site
  78. Pingback: Colt 1911 for Sale
  79. Pingback: Firearms Site
  80. Pingback:
  81. Pingback: lmhmod
  82. Pingback:
  83. Pingback: sieuno
  84. Pingback: emupedia
  85. Pingback: soi cau 247
  86. Pingback:
  87. Pingback: phim so em xui
  88. Pingback: Men's Dress Shirts
  89. Pingback: obd tracking
  90. Pingback: Sống tích cực
  91. Pingback: Stt tâm trạng
  92. Pingback: Bùi Thành Nhơn
  93. Pingback: Tư duy logic
  94. Pingback: sức khỏe
  95. Pingback: tiếng trung
  96. Pingback: sức khỏe
  97. Pingback: nhân vật
  98. Pingback: vnhoi
  99. Pingback: vnhoi
  100. Pingback: vnhoi
  101. Pingback: vnhoi
  102. Pingback: fireman salary
  103. Pingback: Local Storage
  104. Pingback: Mynet
  105. Pingback: GLOCK 43
  106. Pingback: GLOCK 48
  107. Pingback: GLOCK G43X
  108. Pingback: GLOCK 42
  109. Pingback: Barrett M82
  110. Pingback: Cousin Pat Therapy
  111. Pingback: Cousin Pat
  112. Pingback: manova test
  113. Pingback: merits of mode
  114. Pingback: call services
  115. Pingback: Rara Lake Trek
  116. Pingback: ???? ?????
  117. Pingback: ???? ?????
  118. Pingback: ???? ?????
  119. Pingback: ???? ?????
  120. Pingback: ???? ?????
  121. Pingback: ???? ?????
  122. Pingback: ???? ?????
  123. Pingback: ???? ?????
  124. Pingback: steel machining
  125. Pingback: Healthcare tips
  126. Pingback: Healthcare tips
  127. Pingback: Lifestyle
  128. Pingback: Fitness Info
  129. Pingback: FUE
  130. Pingback: FUE
  131. Pingback: dumont
  132. Pingback: onOverseas
  133. Pingback: onOverseas
  134. Pingback: onOverseas
  135. Pingback: onOverseas
  136. Pingback: onOverseas
  137. Pingback: onOverseas
  138. Pingback: onOverseas
  139. Pingback: onOverseas
  140. Pingback: onOverseas
  141. Pingback: onOverseas
  142. Pingback: onOverseas
  143. Pingback: onOverseas
  144. Pingback: onOverseas
  145. Pingback: onOverseas
  146. Pingback: onOverseas
  147. Pingback: onOverseas
  148. Pingback: onOverseas
  149. Pingback: onOverseas
  150. Pingback: onOverseas
  151. Pingback: onOverseas

Comments are closed.

Add Comment
Viewing Highlight