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News Breaks
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February 9, 2012
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| 18:06 EDT |  | ATVI |
| theflyonthewall.com: | Activision Blizzard expects to release multiple titles in FY12 | | These include Diablo III, a new Call of Duty, a new Skylanders game, and expects to grow Call of Duty Elite. :theflyonthewall.com |
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May 23, 2012
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| 09:03 EDT |  | ATVI |
| theflyonthewall.com: | Blizzard says 3.5M Diablo III copies sold in first 24 hours | | Blizzard Entertainment announced that as of the first 24 hours of Diablo® III’s release, more than 3.5 million copies had been sold, setting the new all-time record for fastest-selling PC game. That number does not include the more than 1.2 million players who received Diablo III as part of signing up for the World of Warcraft® Annual Pass promotion. As of the first week of the game’s availability, that number had already grown to more than 6.3 million. :theflyonthewall.com |
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May 21, 2012
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| 07:37 EDT |  | ATVI |
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May 15, 2012
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| 08:19 EDT |  | ATVI |
| theflyonthewall.com: | Activision pays $42M to developers ahead of Call of Duty trial, LA Times says | | Activision Blizzard (ATVI) paid $42M to a group of 40 developers that are suing the company related to royalties for their work on "Call of Duty: Modern Warfare 2" days before their suit is expected to go to trial, reported The Los Angeles Times. The latest royalty payment does not constitute a settlement, the report noted, and lawyers for the plaintiffs said the last-minute payment "is a fraction of the damages and bonuses that they have earned." Reference Link :theflyonthewall.com |
| | 08:07 EDT |  | ATVI |
| | 06:06 EDT |  | ATVI |
| theflyonthewall.com: | Activision Blizzard to release new versions of older games, WSJ reports | | Videogame maker Activision Blizzard (ATVI) is reviving past, successful games to help spur growth, including "Diablo III," a new version of the dungeon exploration game that last came out in 2000, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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May 11, 2012
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| 07:36 EDT |  | ATVI |
| theflyonthewall.com: | U.S. retail video game software sales slide 42% in April, Gamasutra reports | | U.S. retail video game industry sales fell to $630.4M in April, with software sales for the month falling 42% from a year ago to $307.2M, reported Gamasutra, citing NPD Group data. NPD attributed the sharp drop in game sales to the lack of new releases for the month, the report said. Reference Link :theflyonthewall.com |
| | 07:25 EDT |  | ATVI |
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May 10, 2012
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| 08:07 EDT |  | ATVI |
| theflyonthewall.com: | Activision Blizzard has potential for upside, says Brean Murray | | Brean Murray said they are maintaining their above guidance outlook for Activision Blizzard and see potential for material upside. The firm cited its Q1 results, conservative guidance, strong execution, and expectations for multiple expansion. Shares are Buy rated. :theflyonthewall.com |
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May 9, 2012
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| 16:13 EDT |  | ATVI |
| | 16:12 EDT |  | ATVI |
| theflyonthewall.com: | Activision Blizzard sees Q2 EPS 10c, consensus 16c | | Sees Q2 revenue $805M, consensus $822.16M. :theflyonthewall.com |
| | 16:11 EDT |  | ATVI |
| | 10:51 EDT |  | ATVI |
| theflyonthewall.com: | Earnings Preview: Activision's next catalyst is Diablo III release next week | | Activision Blizzard (ATVI) is expected to report Q1 earnings after the market close on Wednesday, May 9, with a conference call scheduled for 4:30 pm ET. The consensus estimate is 4c for EPS and $555.93M for revenue, according to First Call. For Q1, Activision expects non-GAAP EPS of 3c on revenues of $525M. For FY12, Activision’s non-GAAP EPS estimate is 94c on total revenue of $4.5B, consensus is 97c on $4.57B in revenue. Analysts covering the stock are cautiously optimistic about Activision due to the continuous decline in sales in the video game industry over the last few months. Lower than expected Call of Duty DLC sales and continuous loss of subscribers for World of Warcraft are the other factors that may limit the growth of the company. However, Activision's foray into the mobile gaming market is expected to be a long-term positive catalyst, notes Zacks. Despite these factors, analysts are optimistic about decent FY12 results based on Activision's release of Giants, the squeal of Skylanders, and Diablo III, due out next week. Moreover, the releases of Spider-Man, Tony Hawk, Transformers and Call of Duty Black Ops 2 will provide the necessary boost to the company’s guided top-line and bottom-line figures, Zacks says. Citigroup is looking for non-GAAP EPS of 3c, non-GAAP revenue of $535M, and operating income of $48M. Based on intra-quarter channel checks and Citi's model sensitivity work, the firm views its Q1 estimates as reasonable, given strong DLC sales of Call of Duty & Skylanders toys, offset by the soft launches of PROTOTYPE 2.Citigroup rates the stock Buy with a $15 target. :theflyonthewall.com |
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