Activision Blizzard Inc


SKU: ATVI-1 Category:


Activision Blizzard had a stellar first quarter of 2021 as it shattered Wall Street expectations and also gave a strong guidance. The parent company of King Digital, Activision, and Blizzard Entertainment has been on a roll particularly on the engagement front after it launched the free-to-play mode of its flagship Call of Duty games. The management announced a 2021 sales guidance of $8.37 billion and indicated that it is looking to hire close to 2,000 additional developers across its studios over the coming years in order to expand its offerings. The company has been aggressively carrying out mobile investments and has launched key games on the mobile platform such as Call of Duty Mobile and Diablo Immortal. We maintain our ‘Outperform’ rating on the stock despite the recent tech sell-off.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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