#5 - Activision Blizzard (NASDAQ:ATVI)
Yes, video game stocks were a pandemic winner. And it’s reasonable to expect that companies like Activision Blizzard (NASDAQ:ATVI) will benefit as many Americans remain under varying degrees of mitigation measures due to the pandemic. In fact, ATVI stock is up 56% as 2020 comes to an end.
But that’s missing the bigger story for Activision Blizzard. The company, and others in its sector, have always known that the pandemic surge was a one-off event that will, hopefully, never be repeated. But the company is expanding ways to monetize its business.
For example the company has introduced its popular Call of Duty title into its mobile gaming platform. It’s also using its free-to-play Warzone game as a way to get users into its Call of Duty ecosystem. And what does all that mean? It means that even as society began to re-open in the summer and into fall, player engagement as measured by average hourly commitment remained very high.
About Activision Blizzard
Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.
Read More - Current Price
- $94.42
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
