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Activision Blizzard, Inc. (ATVI)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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82.47-4.37 (-5.03%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous close86.84
Open84.43
Bid82.51 x 1200
Ask82.70 x 900
Day's range80.99 - 85.40
52-week range44.91 - 87.73
Volume9,181,875
Avg. volume7,307,814
Market cap63.656B
Beta (5Y monthly)0.62
PE ratio (TTM)35.23
EPS (TTM)2.34
Earnings date05 Nov 2020 - 09 Nov 2020
Forward dividend & yield0.41 (0.47%)
Ex-dividend date14 Apr 2020
1y target est92.53
  • Activision ETFs Set to Shine on Strong Q2 Results
    Zacks

    Activision ETFs Set to Shine on Strong Q2 Results

    The stay-at-home trend has resulted in a spike in video game usage with Activision (ATVI) posting impressive Q2 earnings results.

  • Trump Ban on Top Messaging App Risks Snarling Global Business
    Bloomberg

    Trump Ban on Top Messaging App Risks Snarling Global Business

    (Bloomberg) -- Banning WeChat, the world’s most-used messaging app, has the potential to upend the international businesses of companies from Apple Inc. to Walmart Inc. and shut down personal communications between America and China.The White House’s vaguely worded edict left a lot of open questions about how broadly the ban would be applied and the full ramifications for Tencent Holdings Ltd. But it likely gets WeChat bumped off Apple and Google’s app stores in 45 days, which means at least suspending updates for a service vital to everything from engineers talking with iPhone assemblers to Chinese people video-chatting with family back home.If the ban extends to a block on its use, that threatens to eventually sever those ties because WeChat is the go-to for a billion people for everything from booking movie and train tickets to shopping, and alternatives like WhatsApp are blocked in China. The potential ructions underscore Tencent’s pivotal role within the global tech and internet economies, as a juggernaut with deep investments or connections with American businesses from Activision Blizzard Inc. and Snap Inc. to the NBA.“It would practically shut down communication between the U.S. and China,” said Graham Webster, China Digital Economy Fellow at think tank New America. “These orders just wrap the real issues up in political theater.”Why Tencent and WeChat Are Such a Big Deal in China: QuickTakeRead more: Trump Widens China Tech Attack, Banning Tencent’s WeChat, TikTokTrump’s order on WeChat came after a similar injunction against ByteDance Ltd.’s TikTok, the viral video service the White House accuses of jeopardizing national security. But while ByteDance’s business outside of TikTok is largely confined to home, Tencent is central to the global distribution of games and a major conduit for American companies that sell products in the world’s No. 2 economy.Apple, for instance, makes the majority of its iPhones in China, where WeChat is the oil that lubricates communications both on the factory floor and in the boardroom. In a worst-case scenario, American consumer brands like Walmart and Starbucks Corp. may be prevented from selling goods and services to Chinese buyers via WeChat’s “mini-programs” in China -- now one of the fastest-growing avenues for e-commerce. China accounts for about 9% of Walmart’s international sales and is its fastest-growing market.“If you can’t pay for Starbucks coffee on WeChat, people will stop drinking it,” said BOCOM International analyst Connie Gu, commenting on the extreme cases where American brands are banned from using WeChat as a payment method.Less quantifiable is the spillover effect on the gaming industry.Tencent ranked as the world’s biggest games publisher by revenue in 2019, according to Newzoo data, and it collaborates with U.S. industry leaders like Activision and Electronics Arts Inc. It also holds a large stake in Fortnite maker Epic Games Inc. and owns League of Legends developer Riot Games Inc. That sprawling but somewhat stealthy gaming empire, deeply rooted in the U.S., was deemed under threat when the WeChat sanction was first announced, though a U.S. official later clarified that the action only involved the messaging service and not its parent.Read more: Tencent Loses $35 Billion as WeChat Ban Rocks China Stocks, YuanHowever, those companies work with Tencent to develop the mobile versions of triple-A titles like Call of Duty: Mobile, and -- as with media content -- share billions of dollars to license and distribute in China. Tencent for instance holds the exclusive rights to stream National Basketball Association games in China.Those relationships may yet get tested by the U.S. administration, and the executive order language remains expansive enough that the White House may still broaden its scope.Tencent’s own investments in U.S. companies may be at risk -- a possibility with as-yet-uncertain ramifications for Silicon Valley. A forced sale of its U.S. gaming assets could fetch $22 billion and also raises uncertainties over the future of Tencent’s holdings elsewhere in the world, said Bloomberg Intelligence analysts Vey-Sern Ling and Matthew Kanterman.“President Donald Trump’s executive order against WeChat raises uncertainty around Tencent’s ability to retain ownership of its western assets,” the analysts wrote. “If the pushback spreads to Europe, Tencent may be forced to divest even more subsidiaries and investments.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Tencent Loses $35 Billion of Value as WeChat Ban Roils Markets
    Bloomberg

    Tencent Loses $35 Billion of Value as WeChat Ban Roils Markets

    (Bloomberg) -- The Trump administration’s move to ban U.S. residents from doing business with Tencent Holdings Ltd.’s WeChat app rippled through Chinese markets, erasing $34.6 billion from the Internet giant’s market value and sending the yuan to its biggest slump in two weeks.The U.S. president’s executive order added to investor concern that the deteriorating U.S.-China relationship will weigh on companies, economies and markets. Initial confusion over the ban’s scope led to volatile trading on Friday, with Tencent plunging more than 10% during the morning session in Hong Kong. The stock pared losses to close down 5% after a U.S. official clarified the ban will only cover WeChat.The vaguely worded order had triggered fears it would apply not only to Tencent’s messaging and payments services in the U.S. but also to business relationships with some of America’s largest corporations. Tencent, ranked by Newzoo as the world’s biggest games publisher by revenue in 2019, collaborates with U.S. industry leaders like Activision Blizzard Inc. and Electronics Arts Inc. It also holds a large stake in Fortnite maker Epic Games Inc. and owns League of Legends developer Riot Games Inc.Before Friday’s drop Tencent was worth $686 billion, making it the world’s eighth-largest company by market capitalization and bigger than Berkshire Hathaway Inc. Its huge size means it occupies a dominant position on global indexes. The firm accounts for more than 6% of MSCI Inc.’s developing nation gauge and 4% of its Asian Pacific measure.Hong Kong’s Hang Seng Index slumped 1.6% on Friday, while the offshore yuan weakened as much as 0.45%.Trump’s order on WeChat came after a similar injunction against ByteDance Ltd.’s TikTok, the viral video service the White House accuses of jeopardizing national security. Tencent, whose app sits at the heart of communications between people and businesses within China and abroad, is likely to face continued pressure from American policy makers, said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.“The U.S. government is expected to follow up with more measures targeting Tencent,” Leung said. “Tencent’s overseas expansion map now looks a bit uncertain, since some M&A deals, especially if its targets are based in the U.S., will face challenges.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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