Activision Blizzard (ATVI) is a video game company based out of California. It operates game studios and develops games for gaming consoles, PCs, and mobile phones. ATVI is a Fortune 100 company famous for games like Call of Duty and World of Warcraft. The gaming industry is projected to grow significantly over the long term, and ATVI, being one of the most prominent players in the industry, has bright long-term prospects. If you are looking to enter gaming stocks and buy electronic gaming stocks, then some big names that come to mind are Microsoft (for Xbox) and Sony (for PlayStation). However, the software gaming stocks have performed exceptionally well recently. Game studios and game developers are high-growth businesses if they succeed.
More Information About Activision Blizzard
Activision Blizzard has its beginnings in a 1991 acquisition deal of the company Mediagenic. The failing business was renamed Activision and turned around by the acquirers, namely, Bobby Kotick and a group of investors. Once the company was profitable and out of debt, Activision expanded its product portfolio by acquiring 25 game studios. Some of the most successful games of Activision Blizzard are Guitar Hero, Tony Hawk’s, and Call of Duty. Electronic Arts are considered to be a competitor of Activision Blizzard. Another milestone event for Activision was the 2007 merger with Vivendi, which included Blizzard Entertainment. Thus, the name of the new entity became Activision Blizzard. Today, Activision Blizzard is among the top electronic gaming stocks.
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Activision Blizzard’s stock closed at $88.69 on 4th May 2021. The stock was down a significant 9% over the preceding month. The P/E ratio of Activision Blizzard’s stock was slightly above 31 on 4th May 2021, and the dividend yield was around 0.53%. Over a 1-year period, the stock has returned about 30%.