Activision Blizzard (ATVI) shared its earnings report for Q2 2022, and the earnings results were generally favorable, beating EPS and revenue expectations. Despite today’s upward move, Activision Blizzard is currently trading below the deal price, demonstrating that some people still feel uncertainty in regards to whether the deal with Microsoft will go through.
As far as the numbers go, the report reads as follows:
Mean EPS estimate: $0.39
Mean revenue estimate: $1.6 billion
Actual EPS: $0.48/share
Actual revenue: $1.644 billion
Additional information in the report notes stats such as GAAP net revenues at $1.64 billion, falling below the $2.30 billion seen during Q1 2021.
The report also includes a quote from Activision Blizzard CEO Bobby Kotick who seems confident about the pending $95 per share all-cash transaction with Microsoft along with noting how the company’s development headcount grew 25 percent year-over-year.
Morgan is a writer from the frozen wastelands of Maine who enjoys metal music, kpop, horror, and indie games. They're also a Tetris fanatic who's fiercely competitive in games like Tetris 99... and all games in general. But mostly Tetris. You can follow Morgan on Twitter @Author_MShaver.