52
Activision Blizzard Has Record 2018, Disappointing 2019 Outlook Results in Mass Layoffs

Activision Blizzard Has Record 2018, Disappointing 2019 Outlook Results in Mass Layoffs

5 years ago
Anonymous $Dftgs0JzgE

https://wccftech.com/activision-blizzard-q4-2018-earnings/

Activision Blizzard (NASDAQ:ATVI) have released their Q4 results for the fiscal year ending December 31, 2018, and frankly, what’s happening with the company can be a bit difficult to wrap your head around. At first blush, it would seem to be good news – Activision Blizzard had a record-setting 2018, bringing in $7.5 billion in revenue, up 6 percent year-on-year, and $1.81 billion in net income, way up from $273 million in 2017. Q4 revenue was $2.38 billion, above Acti-Blizz’s guidance of $2.24 billion, and earnings per share were $0.90, above guidance of $0.64.

Despite this, Activision Blizzard CEO Bobby Kotick proclaimed the company had performed “below potential,” and indeed, they did fall short of Wall Street expectations of around $3 billion in Q4 revenue and earnings per share of $1.28. Why analysts were expecting numbers so wildly above Acti-Blizz guidance is anybody’s guess. Despite the record year, Activision Blizzard announced they’re refocusing their business and laying off 8 percent of their workforce (700 to 800 people).

Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
a couple of minutes ago
Reputation
0
Spam
0.000
Last Seen
20 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
34 minutes ago
Reputation
0
Spam
0.000
Last Seen
4 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
33 minutes ago
Reputation
0
Spam
0.000
Last Seen
30 minutes ago
Reputation
0
Spam
0.000
Last Seen
44 minutes ago
Reputation
0
Spam
0.000
Last Seen
54 minutes ago
Reputation
0
Spam
0.000
Last Seen
50 minutes ago
Reputation
0
Spam
0.000
Last Seen
4 hours ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
38 minutes ago
Reputation
0
Spam
0.000
Last Seen
5 hours ago
Reputation
0
Spam
0.000
Last Seen
4 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
a couple of minutes ago
Reputation
0
Spam
0.000
Last Seen
40 minutes ago
Reputation
0
Spam
0.000
Last Seen
48 minutes ago
Reputation
0
Spam
0.000
Last Seen
11 minutes ago
Reputation
0
Spam
0.000
Last Seen
15 minutes ago
Reputation
0
Spam
0.000
Last Seen
24 minutes ago
Reputation
0
Spam
0.000
Last Seen
27 minutes ago
Reputation
0
Spam
0.000
Last Seen
5 minutes ago
Reputation
0
Spam
0.000
Last Seen
37 minutes ago
Reputation
0
Spam
0.000
Last Seen
12 minutes ago
Reputation
0
Spam
0.000
Last Seen
9 minutes ago
Reputation
0
Spam
0.000
Last Seen
51 minutes ago
Reputation
0
Spam
0.000
Last Seen
57 minutes ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
33 minutes ago
Reputation
0
Spam
0.000
Last Seen
53 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
29 minutes ago
Reputation
0
Spam
0.000
Last Seen
4 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
a minute ago
Reputation
0
Spam
0.000
Last Seen
5 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
a minute ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
17 minutes ago
Reputation
0
Spam
0.000