Stock Analysis on Net
Stock Analysis on Net

Activision Blizzard Inc. (NASDAQ:ATVI)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 31, 2023.

Return on Equity (ROE)
since 2008

Microsoft Excel

Paying user area

Try for free

Activision Blizzard Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

Activision Blizzard Inc., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income (loss)1 ÷ Shareholders’ equity1
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).

1 US$ in millions

The financial data reveals significant fluctuations and trends in net income, shareholders' equity, and return on equity (ROE) over the analyzed period.

Net Income (Loss)
Initially, the company experienced a net loss of US$107 million in 2008, followed by a substantial recovery with net income rising to US$113 million in 2009. Thereafter, net income exhibited a strong upward trend, peaking at US$1,149 million in 2012. Post-2012, net income showed some variability, remaining above the US$800 million mark until 2016. A notable decline occurred in 2017, dropping sharply to US$273 million, and even further to US$181 million in 2018. Subsequently, net income recovered significantly, reaching its highest value of US$2,699 million in 2021, before declining again to US$1,513 million in 2022.
Shareholders’ Equity
Shareholders’ equity displayed a downward trend from US$11,527 million in 2008 to a low of US$6,622 million in 2013. This period reflects substantial depletion in equity levels. From 2013 onwards, equity steadily increased each year, indicating capital strengthening; it rose from US$7,233 million in 2014 to US$19,243 million by 2022. This recovery and growth suggest enhanced financial stability and accumulation of retained earnings or additional capital infusions during the latter part of the period.
Return on Equity (ROE)
The ROE metric shows a significant rebound from a negative -0.93% in 2008 to positive territory in 2009 (1.05%), followed by a robust increase, reaching double-digit percentages from 2011 onwards. The highest ROE values occurred in 2013 (15.25%) and 2021 (15.34%). A noticeable dip to 2.89% occurred in 2016, paralleling the decline in net income observed in subsequent years. The ROE of 7.86% in 2022 indicates a reduced efficiency in generating profits from shareholders' equity compared to the peak years.

Overall, the data indicates a recovery phase post-2008 financial difficulties, with significant improvements in profitability and equity levels from 2013 onwards. However, certain years, notably 2017 and 2018, reflect profit volatility. The trends in ROE correspond closely with the fluctuations in net income and shareholders’ equity, highlighting the company’s varying capacity to generate returns on the equity base during the period under review.

Comparison to Competitors

Activision Blizzard Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel
Activision Blizzard Inc. Alphabet Inc. Comcast Corp. Meta Platforms Inc. Netflix Inc. Take-Two Interactive Software Inc. Walt Disney Co.
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).

Comparison to Sector (Media & Entertainment)

Activision Blizzard Inc., ROE, long-term trends, comparison to sector (media & entertainment)

Microsoft Excel
Activision Blizzard Inc. Media & Entertainment
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).

Comparison to Industry (Communication Services)

Activision Blizzard Inc., ROE, long-term trends, comparison to industry (communication services)

Microsoft Excel
Activision Blizzard Inc. Communication Services
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).