Benchmark analyst Mike Hickey reiterates Activision Blizzard (NASDAQ:ATVI) with a Buy and maintains $90 price target.
Benchmark maintained Activision Blizzard (NASDAQ:ATVI) $90 price target Read Post »
Activision Blizzard Inc. (NASDAQ:ATVI) today announced its fiscal 2022 fourth quarter and full year results. Activision Blizzard’s fourth-quarter net revenue was $2.334 billion, compared to $2.163 billion in the year-ago quarter, net booking revenue was $3.57 billion, compared to $2.49 billion in the year-ago quarter, and net profit was $403 million, down 29% from $564 million in the year-ago quarter.
Activision Blizzard Inc. (NASDAQ:ATVI) adjusted EPS for the fourth quarter of 2022 was $1.87, versus analyst expectations of $1.52. Net bookings for the fourth quarter were $3.57 billion, versus analysts’ expectations of $3.08 billion.