ACTIVISION BLIZZARD Reports 34.2% Year-Over-Year Increase in Revenue for Fiscal Year 2023 Q2
July 21, 2023
☀️Earnings Overview
At the close of the fiscal year 2023 Q2 on June 30, 2023, ACTIVISION BLIZZARD ($NASDAQ:ATVI) reported a total revenue of USD 2207.0 million, a 34.2% rise compared to the same period the previous year. Net income for this period soared to USD 587.0 million, a remarkable 109.6% increase year-over-year.
Analysis
GoodWhale conducted an in-depth analysis of ACTIVISION BLIZZARD‘s wellbeing and financial health and concluded that, based on their Risk Rating, the company is a medium risk investment in terms of financial and business aspects. Specifically, GoodWhale detected two risk warnings in the company’s income sheet and balance sheet. However, full details of the analysis are only available to registered users. Therefore, if you want to know more about ACTIVISION BLIZZARD’s financial performance, it is best to sign up with GoodWhale and access the full report. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Activision Blizzard. More…
| Total Revenues | Net Income | Net Margin |
| 8.71k | 2.17k | 25.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Activision Blizzard. More…
| Operations | Investing | Financing |
| 2.15k | -4.99k | -534 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Activision Blizzard. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.52k | 7.72k | 26.45 |
Key Ratios Snapshot
Some of the financial key ratios for Activision Blizzard are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.6% | 1.4% | 27.5% |
| FCF Margin | ROE | ROA |
| 23.5% | 7.3% | 5.2% |
Peers
The company has a strong portfolio of video game franchises and continues to innovate in the gaming space. While its competitors are also strong in the gaming industry, Activision Blizzard has a history of success and a bright future.
– Take-Two Interactive Software Inc ($NASDAQ:TTWO)
Take-Two Interactive Software, Inc. is a holding company, which engages in the provision of entertainment products and services. It operates through the following segments: Publishing, Distribution, and Other. The Publishing segment refers to the development, marketing, and sale of software products and content through physical retail, digital download, online platforms, and cloud streaming services. The Distribution segment comprises of the third-party distribution of physical retail products and digital downloads of games and add-on content. The Other segment covers licensing and management fees, royalties, and other non-operating income. The company was founded by Ryan Brant and Jeffrey D. Lapin on September 24, 1993 and is headquartered in New York, NY.
– Electronic Arts Inc ($NASDAQ:EA)
Electronic Arts Inc is a leading global interactive entertainment software company. The Company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, cellular handsets and the Internet.
As of 2022, Electronic Arts Inc has a market cap of 35.66B and a Return on Equity of 10.3%. The company is a leading global interactive entertainment software company and develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, cellular handsets and the Internet.
Summary
ACTIVISION BLIZZARD has delivered impressive financial performance in the second quarter of its fiscal year 2023. Total revenue for the quarter was up 34.2% year-over-year, reaching USD 2207.0 million. Net income also increased significantly, soaring 109.6% year-over-year to USD 587.0 million. This strong performance highlights the company’s ability to capitalise on current market opportunities and makes it an attractive investment opportunity for investors.
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