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Activision Blizzard (ATVI) Stock Gets Crushed After Earnings Miss

Activision Blizzard Inc ATVI just released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.81 per share and revenue of $1.353 billion.

Currently, ATVI has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Activision Blizzard:

Missed earnings estimates. The company posted $0.81 per share , missing our Zacks Consensus Estimate of 0.83.

Missed revenue estimates. The company saw revenue figures of $1.353 billion , missing our estimate of $2.201 billion.

Monthly active users in 2015 increased by 25%, reaching all-time highs.

"With our expected closing of the acquisition of King Digital later this month, we will have the largest game network in the world"-CEO Bobby Kotick.

ATVI was down $4.20, or 13.76%, to $26.32 as of 5:14 PM ET in after hours trading shortly after its earnings report was released.

Here's a graph that looks at Activision Blizzard's quarterly revenues growth.

Activision Blizzard Inc. (ATVI) Quarterly Revenue & Growth Rate | FindTheCompany

Activision Blizzard Inc is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzard's portfolio includes best-selling video games such as Guitar Hero, Call of Duty, Tony Hawk, Spider-Man, X-Men, Shrek, James Bond, and Transformers; it also owns leading franchises like Crash Bandicoot, Spyro, Blizzard Entertainment's StarCraft, Diablo, and Warcraft, including the global number one subscription-based multi-player online role-playing game, World of Warcraft. Activision Blizzard was founded in 2008 and is headquartered in Santa Monica, California.

Check back later for our full analysis onActivision Blizzard'sfourth quarter earnings report!

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ACTIVISION BLZD (ATVI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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