Report
Neil Macker
EUR 101.80 For Business Accounts Only

Activision is well placed to continue to succeed within a rapidly evolving video game market.

We attended the Electronic Entertainment Expo, or E3, in Los Angeles and came away with increased confidence around the overall strength of the video game industry. Not only did all four video game publishers under coverage (Activision-Blizzard, Electronic Arts, Ubisoft, and Take-Two) each have strong moments at the show, all three major console platforms from Microsoft, Nintendo, and Sony also left E3 with positive momentum. However, some of our discussions at E3 reinforced our skepticism about...
Underlying
Activision Blizzard Inc.

Activision Blizzard is a global developer and publisher of interactive entertainment content and services. The company's segments are: Activision Publishing, Inc., which is a global developer and publisher of interactive software products and entertainment content, particularly for the console platform; Blizzard Entertainment, Inc., which is a global developer and publisher of interactive software products and entertainment content, particularly for the personal computers platform; and King Digital Entertainment, which is a global developer and publisher of interactive entertainment content and services, particularly for the mobile platform, including for Google Inc.'s Android and Apple Inc.'s iOS.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Neil Macker

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