Activision Blizzard Inc.
ATVIFinancial Analysis · Updated May 18, 2026 · Coverage 2026-Q2
Financial Snapshot
ticker: ATVI step: 04 generated: 2026-05-13 source: quick-research note: acquired
Activision Blizzard Inc. (ATVI) — Financial Snapshot
Note: ATVI was acquired by Microsoft (MSFT) — deal closed October 13, 2023. No longer an independent public company. Last standalone financials shown below for historical reference.
Last Reported Standalone Financials
| Metric | FY2021 | FY2022 | FY2023 (partial) |
|---|---|---|---|
| Revenue | ~$8.8B | ~$7.5B | ~$5.9B (9 months to acquisition) |
| Operating Income | ~$2.7B | ~$1.5B | N/A |
| Net Income | ~$2.7B | ~$1.5B | N/A |
| EPS (diluted) | ~$3.43 | ~$1.95 | N/A |
Microsoft acquired ATVI for $95/share in cash ($68.7B total). ATVI's franchises (Call of Duty, World of Warcraft, Candy Crush, Overwatch) are now reported within Microsoft's More Personal Computing / Gaming segment.
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $ATVI.
Revenue Breakdown
Segment revenue, geographic mix, product-line contribution margins, and cohort dynamics.
Financial Trends
Quarter-over-quarter momentum, leading indicators, and inflection point analysis.
Balance Sheet
Debt structure, liquidity runway, dilution risk, and working capital dynamics.
Capital Allocation
Buyback cadence, M&A appetite, dividend policy, and reinvestment priorities.
Returns on Capital (ROIC)
Multi-year ROIC vs. WACC, marginal returns on reinvestment, sales-to-invested-capital efficiency, and moat spread.
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