# Activision Blizzard Inc. (ATVI) — Financial Analysis

**Exchange:** NASDAQ  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-18  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/ATVI/thesis · /stocks/ATVI/memo

## 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 Last standalone financials shown below for historical reference.**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 ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/ATVI/fundamental

## Navigation

- Overview: /stocks/ATVI
- Financials (this page): /stocks/ATVI/financials
- Thesis: /stocks/ATVI/thesis
- Investment Memo: /stocks/ATVI/memo
- Coverage universe: /stocks