Activision Blizzard Announces Third-Quarter 2021 Financial Results

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Activision Blizzard (ATVI) PT Lowered to $90 at Jefferies

November 4, 2021 7:56 AM EDT

Jefferies analyst Andrew Uerkwitz lowered the price target on Activision Blizzard (NASDAQ: ATVI) to $90.00 (from $120.00) while maintaining a Buy rating.

The analyst commented, "ATVI reported an in-line 3Q and an expected in-line 4Q guide. What came next on the call/slide deck (not... More

Game Off: Activision Blizzard (ATVI) Stock Plummets 12% on Disappointing Outlook and Game Delays, Morgan Stanley Downgrades to Equal Weight and Says Focus on Call of Duty and Diablo Immortal

November 3, 2021 7:03 AM EDT

Shares of Activision Blizzard (NASDAQ: ATVI) are down over 12% in pre-open Wednesday after the company presented its Q3 results and FY21 guidance.

Activision Blizzard reported a Q3 EPS of $0.89 to easily beat the analyst estimate of $0.70. Revenue for the quarter came in at $2.07 billion versus the consensus estimate of $1.88 billion.

Im pleased to report strong third quarter results ahead of our prior outlook. We are excited about this weeks Call of Duty launch and expect continued success in the fourth quarter. I want to thank our employees for their continued... More

Activision Blizzard (ATVI) Tops Q3 EPS by 19c

November 2, 2021 4:13 PM EDT

Activision Blizzard (NASDAQ: ATVI) reported Q3 EPS of $0.89, $0.19 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.07 billion versus the consensus estimate of $1.88 billion.

GUIDANCE:

Activision Blizzard sees FY2021 EPS of $3.70, versus the consensus of $3.83. Activision... More