Activision blizzard's stock dropped $3.7 billion following the diablo immortal announcement9/24/2023 ![]() Microsoft has announced its decision to appeal the CMA’s ruling, and Activision Blizzard intends to fully support Microsoft’s efforts on this appeal. Activision Blizzard considers that the CMA’s decision is disproportionate, irrational and inconsistent with the evidence. ![]() On April 26, 2023, the United Kingdom Competition and Markets Authority ("CMA") announced a decision to block the merger, stating that competition concerns arose in relation to cloud gaming and that Microsoft’s remedies addressing any concerns in cloud gaming were not sufficient. The transaction has been approved by the boards of directors of both Activision Blizzard and Microsoft and by Activision Blizzard’s stockholders. In-game net bookings C were $1.29 billion, as compared with $1.01 billion for the first quarter of 2022.įor the quarter ended March 31, 2023, overall Activision Blizzard Monthly Active Users (MAUs) D were 368 million.Īs announced on January 18, 2022, Microsoft plans to acquire Activision Blizzard for $95.00 per share in an all-cash transaction. Please refer to the tables at the back of this press release for a reconciliation of the company’s GAAP and non-GAAP results.įor the quarter ended March 31, 2023, Activision Blizzard’s net bookings B were $1.86 billion, as compared with $1.48 billion for the first quarter of 2022. On a non-GAAP basis, Activision Blizzard’s operating margin was 40% and earnings per diluted share was $1.09, as compared with $0.64 for the first quarter of 2022.Īctivision Blizzard generated $577 million in operating cash flow for the quarter as compared with $642 million for the first quarter of 2022. ![]() ![]() GAAP earnings per diluted share was $0.93, as compared with $0.50 for the first quarter of 2022. GAAP net revenues from digital channels were $2.16 billion. Please refer to the tables at the back of this earnings release for a reconciliation of the company’s GAAP and non-GAAP results.įor the quarter ended March 31, 2023, Activision Blizzard’s net revenues presented in accordance with GAAP were $2.38 billion, as compared with $1.77 billion for the first quarter of 2022. ![]()
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