What Analysts Recommend for Activision Blizzard in June 2017
Of the 23 analysts that cover Activision Blizzard (ATVI), 18 recommended a “buy” and four recommended a “hold.” There was only one “sell” recommendation.
In 2Q17, Activision plans to release a new Hearthstone expansion and the Overwatch Uprising event. Heroes of the Storm 2.0 is expected to be launched with additional content in 2017.
China’s gaming market is expected to grow at a compound annual growth rate of 13.6% between 2013 and 2020.
According to Newzoo’s annual gaming research report, the global games market was worth $99.6 billion at the end of 2016 and rose 8.5% year-over-year
EA’s mobile gaming revenues rose 1.2% year-over-year to $175.0 million in 4Q17.
In 2014, the average revenue per eSports fan was $2.20 and in 2016, this figure was $3.50. Newzoo conservatively estimates this figure to touch $6.00 in 2019.
About 54% of eSports enthusiasts are between the ages of 21 and 35. Companies find it difficult to target this demographic group via traditional advertising, as they spend less time on traditional media.
According to Newzoo, advertisers spent $325 million on eSports in 2016, a rise of 49% year-over-year.
In fiscal 2016, Activision’s in-game experiences resulted in more than 43 billion hours of gameplay in 2016.
Activision is expected to release Call of Duty: WWII on November 3, 2017. Call of Duty’s reveal trailer has topped 10 million views on YouTube.
According to gaming research firm Newzoo, 2.2 billion gamers are expected to generate $108.9 billion in revenues during 2017, a rise of 7.8% YoY.
Activision Blizzard’s (ATVI) revenues rose from $4.7 billion in 2015 to $6.6 billion in 2016, a year-over-year rise of 42%. Analysts expect ATVI’s revenues to fall 25% YoY to ~$1.2 billion in 2Q17.
On June 12, 2017, The Huffington Post reported that Comcast’s (CMCSA) Universal Pictures’ The Mummy had a weak opening.
For 2017, Comcast (CMCSA) expects its NBCUniversal business’s capital expenditure to rise ~10%, mainly driven by its investments in its theme parks business.
Time Warner is looking to produce television content that will appeal to all demographics.
When it comes to allocating capital for its programming, Time Warner (TWX) is looking to bid for premium sports programming.
According to a Reuters report from June 4, citing Barron’s, the success of Time Warner’s (TWX) Wonder Woman movie could boost its stock price by as much as 20% over…
There’s been increasing buzz about Hollywood studios looking to release movies for home viewing fewer than 45 days after their release in theaters.
Traditionally, the movie business has been considered risky in terms of profitability. But Disney (DIS) seems to have bucked this trend.
On May 19, the South China Morning Post cited Disney (DIS) and reported that Shanghai Disneyland had hit a landmark 10 million visitors in just 11 months.