Activision Blizzard, Inc. (ATVI) Income Statement Analysis

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Complete financial analysis of Activision Blizzard, Inc. (ATVI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Activision Blizzard, Inc., a leading company in the Electronic Gaming & Multimedia industry within the Technology sector.

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Activision Blizzard, Inc. (ATVI)

Industry: Electronic Gaming & Multimedia

Sector: Technology

Website: https://www.activisionblizzard.com

About Activision Blizzard, Inc.

Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, Overwatch League, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company is headquartered in Santa Monica, California.

Metric	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Revenue	7.53B	8.80B	8.09B	6.49B	7.50B	7.02B	6.61B	4.66B	4.41B	4.58B	4.86B	4.76B	4.45B	4.28B	3.03B	2.90B	1.47B	1.41B	947.66M	864.12M	786.43M	620.18M	572.21M	436.49M	259.93M	86.48M	61.39M	40.67M	26.60M	21.10M
Cost of Revenue	2.22B	2.32B	2.26B	2.09B	2.52B	2.50B	2.39B	1.59B	1.53B	1.53B	1.66B	1.76B	2.13B	2.31B	1.84B	1.65B	940.36M	844.95M	567.15M	565.17M	534.73M	414.61M	410.66M	297.87M	163.12M	29.82M	21.75M	21.29M	14.90M	9.80M
Gross Profit	5.31B	6.49B	5.83B	4.40B	4.98B	4.52B	4.21B	3.08B	2.88B	3.05B	3.19B	3.00B	2.32B	1.97B	1.19B	1.25B	527.64M	560.91M	380.51M	298.94M	251.70M	205.57M	161.55M	138.62M	96.80M	56.66M	39.64M	19.38M	11.70M	11.30M
Gross Profit Ratio	70.48%	73.68%	72.05%	67.73%	66.44%	64.36%	63.77%	66.02%	65.40%	66.59%	65.77%	63.09%	52.19%	46.09%	39.23%	43.22%	35.94%	39.90%	40.15%	34.60%	32.01%	33.15%	28.23%	31.76%	37.24%	65.52%	64.57%	47.64%	43.98%	53.55%
Research & Development	1.42B	1.34B	1.15B	998.00M	1.10B	1.07B	958.00M	646.00M	571.00M	584.00M	604.00M	646.00M	642.00M	627.00M	592.00M	269.54M	131.78M	86.54M	97.86M	56.97M	40.96M	41.40M	26.28M	21.42M	28.39M	18.20M	17.51M	7.27M	4.40M	0.00
General & Administrative	1.00B	788.00M	784.00M	732.00M	832.00M	760.00M	634.00M	380.00M	417.00M	490.00M	561.00M	456.00M	364.00M	395.00M	271.00M	0.00	377.90M	289.80M	172.83M	147.13M	130.17M	122.87M	123.98M	87.77M	55.25M	27.39M	18.23M	13.78M	7.70M	9.70M
Selling & Marketing	1.22B	1.03B	1.06B	926.00M	1.06B	1.38B	1.21B	734.00M	712.00M	606.00M	578.00M	545.00M	520.00M	544.00M	464.00M	0.00	283.22M	230.06M	128.22M	100.65M	86.16M	85.38M	85.38M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2.22B	1.81B	1.85B	1.66B	1.89B	2.14B	1.84B	1.11B	1.13B	1.10B	1.14B	1.00B	884.00M	939.00M	735.00M	503.55M	377.90M	289.80M	172.83M	147.13M	130.17M	122.87M	123.98M	87.77M	55.25M	27.39M	18.23M	13.78M	7.70M	9.70M
Other Expenses	182.00M	-20.00M	-12.00M	-1.00M	1.80B	1.77B	1.65B	0.00	0.00	0.00	0.00	25.00M	567.00M	432.00M	93.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	3.64B	3.15B	3.00B	2.66B	3.00B	3.21B	2.80B	1.76B	1.70B	1.68B	1.74B	1.65B	1.53B	1.57B	1.33B	773.09M	509.68M	376.34M	270.69M	204.10M	171.13M	165.77M	191.87M	110.77M	85.20M	46.85M	37.11M	22.33M	13.80M	11.40M
Cost & Expenses	5.86B	5.47B	5.26B	4.75B	5.51B	5.71B	5.20B	3.35B	3.23B	3.21B	3.41B	3.40B	3.65B	3.87B	3.17B	2.42B	1.45B	1.22B	837.84M	769.27M	705.86M	580.38M	602.53M	408.64M	248.32M	76.68M	58.86M	43.63M	28.70M	21.20M
Interest Income	165.00M	5.00M	21.00M	79.00M	0.00	0.00	0.00	0.00	4.00M	5.00M	6.00M	14.00M	8.00M	15.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	108.00M	108.00M	99.00M	90.00M	151.00M	146.00M	214.00M	198.00M	208.00M	58.00M	1.00M	4.00M	5.00M	4.00M	0.00	0.00	-34.93M	-13.56M	-6.20M	-8.79M	-2.55M	7.26M	8.41M	4.23M	3.64M	-924.00K	-1.71M	-1.59M	-400.00K	1.20M
Depreciation & Amortization	498.00M	594.00M	665.00M	817.00M	998.00M	1.20B	1.15B	494.00M	346.00M	315.00M	328.00M	435.00M	198.00M	628.00M	561.00M	243.55M	188.70M	145.50M	98.70M	112.30M	68.67M	75.19M	124.58M	33.54M	5.21M	3.34M	2.65M	1.94M	1.70M	1.70M
EBITDA	2.25B	3.78B	3.23B	2.34B	3.02B	2.52B	2.47B	1.81B	1.53B	1.68B	1.77B	1.74B	469.00M	-26.00M	291.00M	722.06M	202.36M	237.09M	208.49M	206.91M	149.25M	115.00M	94.26M	61.99M	18.29M	13.14M	5.18M	-1.02M	-600.00K	1.60M
EBITDA Ratio	28.80%	43.77%	42.04%	37.36%	40.35%	35.91%	40.16%	38.87%	34.69%	36.81%	36.49%	38.07%	29.14%	19.16%	16.56%	24.91%	13.78%	23.44%	22.00%	23.94%	18.98%	18.54%	16.47%	14.20%	7.04%	15.20%	8.43%	-2.50%	-2.26%	7.58%
Operating Income	1.67B	3.26B	2.73B	1.61B	1.99B	1.31B	1.41B	1.32B	1.18B	1.37B	1.45B	1.33B	469.00M	-26.00M	-233.00M	479.61M	17.96M	184.57M	109.82M	94.85M	80.57M	39.81M	-30.33M	27.25M	10.13M	9.81M	2.53M	-2.96M	-2.10M	-100.00K
Operating Income Ratio	22.18%	37.02%	33.81%	24.76%	26.51%	18.65%	21.37%	28.28%	26.84%	29.94%	29.88%	27.93%	10.55%	-0.61%	-7.70%	16.55%	1.22%	13.13%	11.59%	10.98%	10.25%	6.42%	-5.30%	6.24%	3.90%	11.34%	4.12%	-7.27%	-7.89%	-0.47%
Total Other Income/Expenses	74.00M	-95.00M	-118.00M	26.00M	-111.00M	-158.00M	-306.00M	-198.00M	-202.00M	-53.00M	7.00M	3.00M	23.00M	18.00M	46.00M	51.25M	30.63M	-135.98M	87.85M	8.56M	2.55M	-7.26M	-70.13M	-3.03M	-694.00K	924.00K	1.71M	1.59M	200.00K	-100.00K
Income Before Tax	1.74B	3.16B	2.62B	1.63B	1.88B	1.15B	1.11B	1.12B	981.00M	1.32B	1.46B	1.33B	492.00M	-8.00M	-187.00M	530.87M	48.59M	197.66M	115.99M	103.41M	83.12M	32.54M	-30.33M	24.22M	9.44M	10.73M	4.24M	-1.37M	-1.90M	-200.00K
Income Before Tax Ratio	23.17%	35.94%	32.35%	25.17%	25.03%	16.40%	16.74%	24.04%	22.25%	28.78%	30.02%	27.99%	11.06%	-0.19%	-6.18%	18.32%	3.31%	14.06%	12.24%	11.97%	10.57%	5.25%	-5.30%	5.55%	3.63%	12.41%	6.90%	-3.36%	-7.14%	-0.95%
Income Tax Expense	231.00M	465.00M	419.00M	130.00M	64.00M	878.00M	140.00M	229.00M	146.00M	309.00M	309.00M	246.00M	74.00M	-121.00M	-80.00M	185.99M	6.69M	59.33M	38.28M	37.23M	30.88M	12.04M	-4.65M	8.96M	3.61M	3.62M	-1.29M	155.00K	100.00K	100.00K
Net Income	1.51B	2.70B	2.20B	1.50B	1.81B	273.00M	966.00M	892.00M	835.00M	1.01B	1.15B	1.09B	418.00M	113.00M	-107.00M	344.88M	41.90M	138.34M	77.72M	66.18M	52.24M	20.51M	-34.09M	15.25M	5.83M	7.11M	5.53M	-1.52M	-2.00M	-1.40M
Net Income Ratio	20.10%	30.66%	27.17%	23.16%	24.17%	3.89%	14.62%	19.13%	18.94%	22.04%	23.66%	22.82%	9.40%	2.64%	-3.54%	11.90%	2.85%	9.84%	8.20%	7.66%	6.64%	3.31%	-5.96%	3.49%	2.24%	8.22%	9.01%	-3.74%	-7.52%	-6.64%
EPS	1.92	3.47	2.85	1.96	2.35	0.36	1.30	1.21	1.14	0.96	1.01	0.93	0.34	0.09	-0.11	0.60	0.08	0.21	0.09	0.09	0.13	0.07	-0.12	0.02	0.02	0.01	0.03	-0.01	0.00	-0.01
EPS Diluted	1.92	3.44	2.82	1.95	2.35	0.36	1.28	1.19	1.13	0.95	1.01	0.92	0.33	0.09	-0.11	0.55	0.07	0.19	0.08	0.08	0.11	0.06	-0.12	0.02	0.02	0.01	0.01	0.00	0.00	-0.01
Weighted Avg Shares Out	782.00M	777.00M	771.00M	767.00M	762.00M	754.00M	740.00M	728.00M	716.00M	1.02B	1.11B	1.15B	1.22B	1.28B	946.00M	577.91M	546.35M	666.71M	842.22M	769.87M	405.19M	298.37M	296.28M	617.23M	264.44M	1.05B	179.39M	167.32M	488.47M	228.74M
Weighted Avg Shares Out (Dil)	789.00M	784.00M	778.00M	771.00M	771.00M	766.00M	754.00M	739.00M	726.00M	1.04B	1.12B	1.16B	1.24B	1.31B	946.00M	629.46M	588.00M	740.55M	918.53M	829.20M	475.62M	328.78M	296.28M	646.13M	274.89M	1.05B	1.01B	975.64M	488.47M	228.74M

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Lululemon Athletica (NASDAQ:LULU) stock jump nearly 9% higher on Monday, boosted by its inclusion in the S&P 500 – taking the place of Activision Blizzard which, finally, has been bought by Microsoft. In New York, Lululemon advanced $34.30 per share...

Microsoft's $69 Billion Activision Blizzard Acquisition Finally Approved

October 16, 2023forbes.com

As part of the concessions made with the CMA, Microsoft will spin off the cloud gaming assets division to Ubisoft

Microsoft spent two years trying to buy Activision Blizzard. For Xbox CEO, that was the easy part

October 14, 2023techxplore.com

After two years co-piloting the biggest acquisition in video game history past an onslaught of challenges, Xbox CEO Phil Spencer now moves on to his next quest: making Microsoft's takeover of Activision Blizzard worth the hassle.

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October 13, 2023prnewswire.com

NEW YORK , Oct. 13, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the opening of trading on Wednesday, October 18:...

Activision Blizzard CEO Bobby Kotick Set To Leave In December—Here's What To Know About His Controversies

October 13, 2023forbes.com

Kotick reportedly knew about and minimized the severity of sexual harassment allegations at Activision to the board of directors, according to a Wall Street Journal report.