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World of Warcraft Franchise Coming To Mobile: What Investors And Gamers Should Know
Wednesday, May 4, 2022 - 4:04pm | 590A new game is bringing the World of Warcraft franchise to mobile users. Here’s what investors and gamers should know about the Activision Blizzard (NASDAQ: ATVI) announcement. What Happened: Activision Blizzard announced details of the highly anticipated “Warcraft Arclight Rumble...
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Microsoft Analyst Says Acquisition Of Activision Blizzard Is 'A Major Bet On Consumer'
Tuesday, January 18, 2022 - 3:22pm | 557Microsoft Corporation (NASDAQ: MSFT) announced Tuesday a deal to buy Activision Blizzard Inc (NASDAQ: ATVI) for $95 per share in cash, valuing the game developer at $68.7 billion. An analyst at Wedbush broke down the deal dynamics, and how it will impact Redmond's business. The...
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Zynga Acquired By Take-Two: What's Next For The World Of Mobile Gaming
Monday, January 10, 2022 - 10:24am | 1071Mobile game company Zynga (NASDAQ: ZNGA) is being acquired by Take-Two Interactive Software (NASDAQ: TTWO) in a move to combine two gaming companies. Here’s what investors should know and what could be ahead for the gaming sector. What Happened: Take-Two is acquiring Zynga at an enterprise...
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Will Video Games Continue Growth, Even Against Tough Comps?
Friday, July 30, 2021 - 8:21am | 565One of the sectors to see massive growth during the COVID-19 pandemic was video games. The strong year-over-year increase in spending in the sector created optimism for many companies but also created some tough comparable sales. Strong second-quarter growth in the sector could show that the strong...
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Activision Blizzard Has Yellow Brick Road With Key Franchises Launching As Mobile Games
Wednesday, May 5, 2021 - 2:15pm | 712Analysts react to the first-quarter earnings from Activision Blizzard (NASDAQ: ATVI) on Tuesday night. The Activision Blizzard Analysts: Raymond James analyst Andrew Marok reiterates an Outperform rating and $120 price target. KeyBanc analyst Tyler Parker reiterates an Overweight rating and ...
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'Call Of Duty', 'Candy Crush' Help Activision Blizzard Hit Record Numbers In Q1
Tuesday, May 4, 2021 - 5:35pm | 421Activision Blizzard Inc (NASDAQ: ATVI) reported revenue of $2.28 billion in the first quarter, coming in higher than last year’s $1.79 billion and also beating the company’s guidance of $2.02 billion. The company reported non-GAAP eps of 98 cents in the quarter. Digital revenue was...
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Activision Blizzard Rallies On Strong Q4 Report, 2021 Guidance
Thursday, February 4, 2021 - 5:45pm | 428Video game maker Activision Blizzard reported fourth-quarter and full-year earnings after the market close Thursday. What Happened: Fourth-quarter revenue was $3.05 billion for Activision Blizzard Inc (NASDAQ: ATVI). The figure beat street estimates of $2.83 billion. Fourth-quarter EPS of $1....
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Stock Wars: Activision Blizzard Vs. Electronic Arts Vs. Take-Two
Wednesday, September 30, 2020 - 8:01am | 1093Three of the largest video game companies have shown impressive five-year runs of their share prices. New console releases from Sony Corporation (NYSE: SNE) and Microsoft Corporation (NASDAQ: MSFT) will make their debut in fall 2020. Today’s Stock Wars looks at...
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Esports And 2 Other Things To Like About Activision Blizzard
Friday, February 7, 2020 - 1:58pm | 543Activision Blizzard, Inc. (NASDAQ: ATVI) shares were on the rise Friday and analysts reiterated Buy recommendations after the company's strong fourth-quarter report, with sell-side analysts bullish on the company's "loaded pipeline," lean into mobile and pursuit of ad dollars. The...
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'Candy Crush' Boosts Activision Blizzard, But The Market's Not Playing Along
Friday, May 3, 2019 - 1:05pm | 779Perhaps downtime and boredom are increasing: lots of people were playing "Candy Crush" on their phones in recent months. That’s good for the game’s maker, Activision Blizzard, Inc. (NASDAQ: ATVI), which otherwise has had a rough start to the year, including a major layoff...
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'Candy Crush,' 'Call Of Duty' Drive Top-Line Beat For Activision
Friday, August 4, 2017 - 10:00am | 315Activision Blizzard, Inc. (NASDAQ: ATVI) continued to surprise investors on Friday morning, trading down 3 percent after posting an unexpected second-quarter earnings beat on Thursday. The video game maker reported EPS of 43 cents and $1.42 billion in sales compared to the 30-cent and $1.22 billion...
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Activision Blizzard Still A Buy Despite 20% Share Pop, Says Argus
Wednesday, February 15, 2017 - 10:15am | 426Shares of Activision Blizzard, Inc. (NASDAQ: ATVI) is still a Buy at Argus even after shares climbed 20 percent following the company’s strong fourth-quarter results, which were powered by "Overwatch" and King Digital’s "Candy Crush." Video Games The February 2016 acquisition of King...
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For Activision Blizzard, 'Overwatch' And 'Candy Crush' Strength Outweighs 'Call Of Duty' Weakness
Monday, February 13, 2017 - 1:48pm | 411Activision Blizzard, Inc. (NASDAQ: ATVI) crushed earnings expectations for its fourth quarter as "Overwatch" performed better than most anticipated and offset "Call of Duty" weakness. But, BMO Capital’s Gerrick Johnson prefers to remain on sidelines amid elevated investor expectations...
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6 Of The Most Ridiculous Video Games Turned Into TV Shows
Tuesday, October 18, 2016 - 12:39pm | 391If you think Hollywood couldn’t get any more ridiculous than an "Angry Birds" movie, you may not have heard about the new CBS Corporation (NYSE: CBS) show: Candy Crush. According to CBS, the show will be a live-action game show in the same spirit of "Wipeout" and "...
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'Pokémon GO' Popularity Is Officially In Decline
Wednesday, September 21, 2016 - 11:51am | 395"Pokémon GO" (Nintendo Co., Ltd (ADR) (OTC: NTDOY)-backed and Niantic developed)'s reign as the highest grossing app has officially ended, unofficially marking the peak of its popularity — at least for the time being. According to Sensor Tower, Pokémon Go held on to the top spot as the...