Categories AlphaGraphs, Earnings, Leisure & Entertainment

ATVI Earnings: Activision Blizzard Q4 revenue up 8%, earnings decline

Video game publisher Activision Blizzard, Inc. (NASDAQ: ATVI) has announced results for the fourth quarter of 2022, reporting a sharp decline in adjusted earnings, despite an increase in revenues.

Activision Blizzard Q4 2022 earnings infographic

Fourth-quarter net revenues increased 8% from last year to $2.33 billion. At $3.57 billion, total bookings were up 43% during the three-month period.

Meanwhile, net income decreased to $403 million or $0.51 per share in the December quarter from $564 million or $0.72 per share in the same period of last year. Adjusted profit decreased by 23% to $0.78 per share.

“We look forward to a historic year, as we work toward merging with Microsoft. This merger will enable us to better serve our players, create greater opportunities for our employees, and allow us to succeed in an increasingly competitive global gaming industry,” said Activision’s CEO Bobby Kotick.

Prior Performance

  • Activision-Blizzard-Q3-2022-Earnings-Infographic
  • Activision Blizzard Q2 2022 Earnings Infographic
  • Activision Blizzard Q1 2022 Earnings Infographic
  • Activision Blizzard Q4 2021 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Key takeaways from Cintas’ (CTAS) third-quarter 2023 report

Cintas Corporation (NASDAQ: CTAS) has been growing its market share by diversifying into new areas and through acquisitions. The prudent business model, with a focus on recurring revenues, has helped

Here are a few points to keep in mind if you are considering Starbucks Corporation (SBUX)

Shares of Starbucks Corporation (NASDAQ: SBUX) stayed in green on Thursday. The stock has gained 10% over the past 12 months. The company delivered healthy results for its most recent

ANGO Earnings: AngioDynamics reports loss for Q3; revenue up 9%

AngioDynamics Inc. (NASDAQ: ANGO) on Thursday reported a wider loss for the third quarter when the medical device maker's revenues increased by 9%. The company also provided guidance for fiscal

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top