Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

TAKE-TWO INTERACTIVE SOFTWARE, INC.

(TTWO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Candy Crush owner forecasts upbeat quarterly revenue even as gaming slows down

08/03/2021 | 04:15pm EDT
FILE PHOTO: The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles

Aug 3 (Reuters) - Activision Blizzard Inc on Tuesday forecast current-quarter adjusted revenue above estimates, as it expects demand for its popular franchises "Call of Duty" and "Candy Crush" to remain strong, sending its shares 4% higher in extended trading.

This comes after peer Take-Two Interactive Software Inc , creator of "Grand Theft Auto," forecast its second-quarter adjusted sales below estimates on Monday.

Activision Blizzard said it expects robust performance from "Candy Crush" and "World of Warcraft" in the third quarter, complemented by the launch of the "Diablo II: Resurrected."

It forecast quarterly adjusted revenue at $1.85 billion, compared with analysts' estimates of $1.81 billion.

Video game publishers saw a jump in consumer spending as the COVID-19 pandemic last year forced people to stay hunkered down at home, but with the easing of restrictions due to vaccine roll-outs gamers are cutting their console time for outdoor activities.

"As competitor and peer Take-Two and its guidance indicate, with the world opening up, despite the Delta variant, there are challenges," Third Bridge analyst Scott Kessler said.

Last week, Microsoft said its fourth-quarter revenue for Xbox content and services fell.

Activision Blizzard's raised full-year adjusted revenue forecast of $8.65 billion came in below estimates of $8.77 billion, according to IBES data from Refinitiv.

Earlier on Tuesday, the company said J. Allen Brack, president of Blizzard Entertainment, would leave after nearly three years in the role.

The departure comes weeks after the California Department of Fair Employment and Housing filed https://bit.ly/2Vh6dhC a lawsuit against Activision over equal pay violations, sex discrimination, and sexual harassment.

"We are committed to doing everything possible to ensure our company has a welcoming, supportive and safe environment," Chief Executive Officer Bobby Kotick said on Tuesday.

The company reported adjusted revenue of $1.92 billion for the second quarter ended June 30, slightly above expectations of $1.90 billion. (Reporting by Tiyashi Datta in Bengaluru; Editing by Shinjini Ganguli)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. 2.91% 74.835 Delayed Quote.-21.58%
MICROSOFT CORPORATION 0.44% 299.91 Delayed Quote.34.24%
TAKE-TWO INTERACTIVE SOFTWARE, INC. 1.15% 146.95 Delayed Quote.-29.87%
All news about TAKE-TWO INTERACTIVE SOFTWARE, INC.
09/17TAKE TWO INTERACTIVE SOFTWARE INC : Change in Directors or Principal Officers, Submission ..
AQ
09/17TAKE TWO INTERACTIVE SOFTWARE : BMO Capital Downgrades Take-Two Interactive Software to Ma..
MT
09/16Wedbush Reaffirms Outperform Rating, $194 Price Target for Electronic Arts Despite Nega..
MT
09/14TAKE TWO INTERACTIVE SOFTWARE : Ascendiant Capital Adjusts Take-Two Interactive Software's..
MT
09/14TAKE-TWO INTERACTIVE : Software, Inc. Announces Results of Annual Meeting of Stockholders
BU
09/10Take-Two, Apellis fall; Dave & Buster's, Endo rise
AQ
09/10TAKE TWO INTERACTIVE SOFTWARE : MTN DEW« Signs NBA« All-Star Zach LaVine
PR
09/10ANYONE, ANYWHERE : NBA« 2K22 Now Available Worldwide
BU
09/10TAKE TWO INTERACTIVE SOFTWARE : Reiterates Fiscal 2022 Outlook
MT
09/09TAKE-TWO INTERACTIVE : Software, Inc. Reiterates Outlook for Fiscal Year 2022
BU
More news
Analyst Recommendations on TAKE-TWO INTERACTIVE SOFTWARE, INC.
More recommendations
Financials (USD)
Sales 2022 3 405 M - -
Net income 2022 309 M - -
Net cash 2022 2 943 M - -
P/E ratio 2022 53,3x
Yield 2022 -
Capitalization 16 055 M 16 055 M -
EV / Sales 2022 3,85x
EV / Sales 2023 3,07x
Nbr of Employees 6 495
Free-Float 83,0%
Chart TAKE-TWO INTERACTIVE SOFTWARE, INC.
Duration : Period :
Take-Two Interactive Software, Inc. Technical Analysis Chart | TTWO | US8740541094 | MarketScreener
Technical analysis trends TAKE-TWO INTERACTIVE SOFTWARE, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 145,25 $
Average target price 207,96 $
Spread / Average Target 43,2%
EPS Revisions
Managers and Directors
Strauss H. Zelnick Executive Chairman & Chief Executive Officer
Karl Slatoff President
Lainie Goldstein Chief Financial Officer
Jon J. Moses Independent Director
Michael Dornemann Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TAKE-TWO INTERACTIVE SOFTWARE, INC.-29.87%16 055
BANDAI NAMCO HOLDINGS INC.-2.48%17 451
HASBRO, INC.-0.73%12 985
MATTEL, INC.15.07%7 007
SQUARE ENIX HOLDINGS CO., LTD.0.48%6 857
GAMES WORKSHOP GROUP PLC-0.36%4 997