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Activision Banks on In-Game, Digital Purchases for Revenue Growth

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Activision Banks on In-Game, Digital Purchases for Revenue Growth PART 1 OF 8

Recent Factors That Impacted Activision’s Stock Price

Activision stock rose 7.6% after its 2Q17 results

US-based (SPY) gaming company Activision Blizzard’s (ATVI) stock price has risen ~7.6% since the company announced its 2Q17 results on August 3, 2017. Activision reported GAAP1 revenues of $1.63 billion in 2Q17, a rise of 3.9% YoY (year-over-year) compared to revenues of $1.57 billion in 2Q16. 

Activision’s revenues in 2Q17 were 14.5% above the company’s prior outlook of ~$1.4 billion.

Recent Factors That Impacted Activision’s Stock Price

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Activision Blizzard’s 2Q17 operating margin was 21% with GAAP EPS (earnings per share) of $0.32, a rise of 60% YoY compared to EPS of $0.20 in 2Q16 and 113% above its outlook of $0.15 in 1Q17. The company’s non-GAAP EPS also rose 22.2% YoY to $0.55 in 2Q17, up from $0.45 in 2Q16.

Did Activision beat analyst estimates in 2Q17?

Analysts expected Activision Blizzard (ATVI) to post revenues of ~$1.2 billion with non-GAAP EPS of $0.30 in 2Q17. Activision Blizzard beat revenue estimates by 33% and earnings estimates by 83% in 2Q17. 

During Activision Blizzard’s 2Q17 earnings call, its CEO, Robert Kotick, stated, “This was another strong quarter for Activision Blizzard. We exceeded our outlook and delivered record revenues for the first half of 2017.”

Activision Blizzard has beaten its earnings estimates in the last five consecutive quarters. The company beat analyst earnings estimates by 47% in 1Q17, 26% in 4Q16, and 23.8% in 3Q17.

  1. generally accepted accounting principles
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