Activision Blizzard, Inc reported $1.86 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 25.3%. EPS of $0.60 for the same period compares to $0.38 a year ago.
The reported revenue represents a surprise of +1.19% over the Zacks Consensus Estimate of $1.83 billion. With the consensus EPS estimate being $0.58, the EPS surprise was +3.45%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Activision Blizzard, Inc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Bookings: $1.86 billion versus the four-analyst average estimate of $1.86 billion.
- Net revenue- Revenues from non-reportable segments: $101 million compared to the $61 million average estimate based on five analysts. The reported number represents a change of +24.7% year over year.
- Net revenues- Blizzard: $443 million versus $469.87 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +61.7% change.
- Net revenues- Activision: $580 million versus the four-analyst average estimate of $614.37 million. The reported number represents a year-over-year change of +28%.
- Net revenues- King: $739 million versus the four-analyst average estimate of $694.19 million. The reported number represents a year-over-year change of +8.4%.
View all Key Company Metrics for Activision Blizzard, Inc here>>>Shares of Activision Blizzard, Inc have returned +2.8% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Activision Blizzard, Inc (ATVI) Reports Q1 Earnings: What Key Metrics Have to Say
Activision Blizzard, Inc reported $1.86 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 25.3%. EPS of $0.60 for the same period compares to $0.38 a year ago.
The reported revenue represents a surprise of +1.19% over the Zacks Consensus Estimate of $1.83 billion. With the consensus EPS estimate being $0.58, the EPS surprise was +3.45%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Activision Blizzard, Inc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Bookings: $1.86 billion versus the four-analyst average estimate of $1.86 billion.
- Net revenue- Revenues from non-reportable segments: $101 million compared to the $61 million average estimate based on five analysts. The reported number represents a change of +24.7% year over year.
- Net revenues- Blizzard: $443 million versus $469.87 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +61.7% change.
- Net revenues- Activision: $580 million versus the four-analyst average estimate of $614.37 million. The reported number represents a year-over-year change of +28%.
- Net revenues- King: $739 million versus the four-analyst average estimate of $694.19 million. The reported number represents a year-over-year change of +8.4%.
View all Key Company Metrics for Activision Blizzard, Inc here>>>Shares of Activision Blizzard, Inc have returned +2.8% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.