What is Blizzard's net worth?

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.

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.

Who owns most of Blizzard?

The top shareholders of Activision Blizzard are Robert A. Kotick, Daniel Alegre, Dennis Durkin, Vanguard Group Inc., FMR LLC, and BlackRock Inc. (BLK).

Where does Blizzard make most of their 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.

What is Blizzard's most profitable game?

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 Worth $69 Billion?

Is Blizzard still profitable?

Activision Blizzard annual gross profit for 2022 was $5.306B, a 18.19% decline from 2021. Activision Blizzard annual gross profit for 2021 was $6.486B, a 11.33% increase from 2020.

Is Blizzard a profitable company?

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

Why is Blizzard pulling out of China?

Blizzard Entertainment titles including Overwatch, Starcraft, Hearthstone and World of Warcraft have officially gone offline in China following a tumultuous end to the developer's distribution partnership with NetEase, which saw the two gaming giants fail to negotiate an extension to their 14 year-old licensing ...

How many employees does Blizzard have?

Activision Blizzard has 9,500 employees.

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.

Why is Blizzard being sold?

Activision Blizzard has been embroiled in a sexism and workplace discrimination crisis for the past six months, the effects of which directly led to the announcement on Tuesday that Microsoft plans to buy the publisher for a record-breaking $68.7 billion, according to a report from The Wall Street Journal.

How much of China owns Blizzard?

So watching ABC news last night. Turns out a Chinese based company, actually owns seventy percent of Activision/Blizzard. Now we can see why the lootbox game mentality has over taken the game.

Who is the highest paid Blizzard employee?

Blizzard Entertainment employees with the job title Senior Software Engineer make the most with an average annual salary of $123,869, while employees with the title Software Engineer make the least with an average annual salary of $103,564.

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.

Why is Blizzard struggling?

"We have observed labor shortages, increasing competition for talent, and increasing attrition. We are experiencing increased difficulty in attracting and retaining skilled personnel," said the company. "For example, we observed a significantly higher turnover rate of our human resources function in 2021.

Why is Blizzard in trouble?

Activision Blizzard has been embroiled in allegations of workplace harassment and gender discrimination, which have called attention to working conditions in the broader video game industry.

Will Microsoft take over Blizzard?

January 18, 2022 - Microsoft Announces It Will Acquire Activision Blizzard.

Who is Blizzard biggest competitor?

What is the richest company in the world?

The largest company in the world by revenue is currently the Saudi Arabian Oil Company (also known as Saudi Aramco), a state-owned oil and gas company based in Saudi Arabia.

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.

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 will happen when Microsoft buys Blizzard?

Microsoft has a lot going on, including a cloud gaming service that allows games to be played on any computer or mobile device called Xbox Cloud Gaming. If Microsoft owns Activision Blizzard, it will easily have the best library in cloud gaming on the market, with almost no competition.

How long until Microsoft buys Blizzard?

Under the terms of the agreement, which would be expected to close by Spring 2023 pending regulatory and shareholder approval, Microsoft would own Activision, Blizzard Entertainment, and King under the Xbox Game Studios (Microsoft Gaming) division.