Activision Blizzard Inc. (ATVI) shares gained 0.47% in after-hours on Wednesday, August 25, 2021, and closed the daily trading at $81.19. However, in the regular trading session of Wednesday, ATVI’s stock lost 1.20%. ATVI shares have fallen 3.36% over the last 12 months, and they have moved down 2.44% in the past week. Over the past three months, the stock has lost 16.95%, while over the past six months, it has declined 15.03%.
Upcoming Call of Duty Vanguard
On August 19, 2021, Activision Blizzard Inc. (ATVI) announced that Call of Duty®: Vanguard will be launch on November 5, 2021, and its pre-orders are open now. Call of Duty, Vanguard is published by Activision, a wholly-owned subsidiary of Activision Blizzard. Vanguard delivers the complete package to Call of Duty fans across Campaign, Online Multiplayer, and Zombies co-operative modes.
The title is scheduled for release on PlayStation®5, PlayStation®4, Xbox® Series X|S, Xbox One®, and PC via Battle.net starting November 5. Call of Duty: Warzone’s new experience will release later this year.
ATVI 8th “Seal of Distinction” Award
On August 9, 2021, The Call of Duty Endowment began its application process for the eighth “Seal of Distinction” Award, recognizing non-profits that demonstrate the highest levels of effectiveness, efficiency, and integrity in placing veterans into high-quality jobs.
The prestigious award for non-profits is accompanied by a $30,000 unrestricted grant, as well as provides the opportunity to apply for future funding.
ATVI Latest financial results announcement
On August 03, 2021, Activision Blizzard, Inc. (ATVI) announced its second-quarter 2021 results.
Q2 2021 financial highlights
- ATVI reported GAAP revenue of $2.30 billion in Q2 2021 compared to $1.93 billion for the second quarter of 2020.
- The operating cash flow was $388 million in Q2 2021, as compared with $768 million for the second quarter of 2020.
- Total cost and expenses were $1.34 billion in Q2 2021 compared to $1.2 billion in Q2 2020.
- Net income was $876 million or GAAP earnings per diluted share of $1.12 in Q2 2021, compared to $580 million or earnings per diluted share of $0.75 for the second quarter of 2020.
- The company paid a cash dividend of $0.47 per common share, up 15% year-over-year, on May 6, 2021.
ATVI president stepped down
On Tuesday, August 03, 2021, Activision Blizzard president and COO Daniel Alegre announced that J. Allen Brack, president of Activision Blizzard’s is leaving the company to pursue new opportunities.
He is leaving the company after Activision Blizzard was sued by the California Department of Fair Employment and Housing, which alleged the company’s “pervasive frat boy workplace culture”.
Brack was named in the lawsuit as being among company executives who were allegedly aware of the misconduct and despite repeatedly being informed of the problems, failed to take effective remedial measures in response to these complaints.
Conclusion
Well, as of this writing, we are unable to find any latest news which could be linked with its mixed performance on Wednesday. We are not sure how it will perform in the coming trading sessions.
