How rich is Blizzard?

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Activision Blizzard net worth as of April 12, 2023 is $67.04B. Activision Blizzard, Inc. is a leading developer and publisher of console, online and mobile games.

Is Blizzard making a profit?

Activision Blizzard annual gross profit for 2022 was $5.306B, a 18.19% decline from 2021.

How is Blizzard doing financially?

Selected Business Highlights

Activision Blizzard delivered 43% year-over-year net bookings growth and record segment financial results in the fourth quarter. Net bookings grew 49% year-over-year on a constant currency basis^E.

What makes Blizzard the most money?

The company's business is conducted through three major business segments, which include Activision, Blizzard, and King. The Activision segment, which develops and sells video games, is the company's biggest revenue and profit generator.

Why did Blizzard shut down?

Fans of Blizzard games like World of Warcraft and Overwatch in China are in mourning following the shutdown of the majority of Blizzard game services in the country, after Activision Blizzard and China's NetEase Games failed to renew their licensing agreement.

I AM RICH "Microsoft Xbox Buys Activision Blizzard" Meme

How much did Bill Gates pay for Blizzard?

Announcement. On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion in an all-cash deal, or approximately $95 per share. Activision Blizzard's stock price jumped nearly 40% that day in pre-market trading.

Who sold Blizzard for $69 billion?

Almost exactly a year ago, Microsoft unveiled plans to acquire Activision Blizzard for $95.00 per share in an all-cash transaction valued at $68.7 billion, including Activision Blizzard's net cash. The acquisition will make Microsoft the world's third-largest gaming company by revenue, behind Tencent and Sony.

Where does Blizzard make their money?

Activision Blizzard Generates Its Revenue From Sales of Video Games And In-Game Purchases.

How much does Blizzard make a year?

Activision Blizzard generated $2.22 billion in operating cash flow for the year ended December 31, 2022 , as compared with $2.41 billion for 2021.

What game has made Blizzard the most money?

Using data from Sensor Tower and AppMagic, Mobilegamer.biz found out which mobile titles were the main revenue drivers for Activision Blizzard in Q3 2022. Candy Crush Saga remained the highest-grossing game, generating $316.8 million in the third quarter.

Is Activision Blizzard in debt?

Long term debt can be defined as the sum of all long term debt fields. Activision Blizzard long term debt for the quarter ending December 31, 2022 was $3.611B, a 0.08% increase year-over-year.

What is Blizzard price prediction?

Stock Price Forecast

The 20 analysts offering 12-month price forecasts for Activision Blizzard Inc have a median target of 95.00, with a high estimate of 95.00 and a low estimate of 81.00. The median estimate represents a +11.31% increase from the last price of 85.35.

Is Microsoft owning Blizzard?

August 24, 2022 - Xbox Launches Website Outlining Benefits of the Acquisition. To spell out the benefits of Xbox's acquisition of Activision Blizzard to the public, Microsoft launched a website that highlighted its “vision for gaming,” and the positives of what could become the biggest deal in video game history.

What is Blizzard debt ratio?

Activision Blizzard Debt to Equity Ratio: 0.1877 for Dec. 31, 2022.

Will Blizzard be acquired?

Microsoft announced that it would be purchasing Call of Duty and World of Warcraft developer Activision Blizzard in a gigantic acquisition. Notably, the company said Bobby Kotick would "continue to serve as CEO" of Activision Blizzard.

How successful is Blizzard?

Through various mergers, acquisitions, and successful content performance, Activision Blizzard has grown into the biggest gaming company by market capitalization, which stood at 59.91 billion U.S. dollars in January 2023. In 2022, Activision Blizzard's annual revenue amounted to 7.53 billion U.S. dollars.

Will Blizzard get sued?

The US Justice Department files lawsuit against Activision Blizzard leading to a settlement and future restrictions. Activision Blizzard is facing legal trouble once again with the company being sued by the US Department of Justice over allegations that it established a "Competitive Balance Tax."

How many employees did Blizzard lose?

Gaming giant Activision Blizzard says more than 20 employees have "exited" the company following numerous sexual harassment and discrimination claims.

Did Blizzard lose the lawsuit?

Judge approves Activision Blizzard's $18m settlement over sexual harassment suit. A US judge has approved an $18m settlement between Activision Blizzard and the Equal Employment Opportunity Commission, bringing one of several discrimination lawsuits against the gaming company to a close.

How much does the CEO of Blizzard make?

Executive Compensation

Of this total $718,029 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $108,520 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year. Activision Blizzard, Inc.

What caused the blizzard lawsuit?

It featured allegations of male employees excessively drinking and joking about rape in addition to a story about the “Cosby Suite,” where one executive known for his unwanted sexual advances harassed women, and another of a female employee who committed suicide after colleagues shared a nude picture of her.

How much did Blizzard lawsuit cost?

Video game giant Activision Blizzard will pay $35 million to settle allegations that the company lacked procedures to collect and assess employee complaints of workplace misconduct, and charges that it violated a federal whistleblower protection rule, the Securities and Exchange Commission said Friday.

Why is Blizzard banned in China?

The company's services in China were suspended at midnight local time on Tuesday, marking the end of an era for fans, after a licensing agreement with longtime local partner NetEase (NTES) expired.

What does Blizzard own now?

Activision Blizzard currently includes five business units: Activision Publishing, Blizzard Entertainment, King, Major League Gaming, and Activision Blizzard Studios.