The recent sell-off has brought Activision Blizzard's price-to-earnings ratio down to 20, which is lower than Take-Two's P/E of 28 and Electronic Arts' P/E of 30. Investors pay a high price when business conditions are rosy, but when top companies come under scrutiny, it provides an opportunity to get the best value. Keep in mind that during the Q2 earnings call, management commented that Overwatch 2 had recently passed an important milestone in development. This is a good sign that things are moving along internally, despite the recent management shakeup at the Blizzard studio. The first Overwatch was a big hit after release and has sold over 50 million copies to date. After that the botting gets too much and most runes/items are worthless most of the games are also ran by bots. What's more, a recent article from Dexerto cited internal sources from Activision Blizzard that Overwatch 2 could release as early as the second quarter of 2022. It's worth noting that the original Overwatch title was released in May 2016, so the timing would certainly fit. first few weeks of the season, d2jsp is pretty active. The release of Diablo 3 in 2012 contributed to non- GAAP revenue and earnings-per-share growth of 11% and 27%, respectively. The remake of Diablo 2 may not move the needle that much in 2021, but Diablo 4 should repeat the performance of Diablo 3 when it's released. Blizzard ended the second quarter with 26 million monthly active users, down from the segment record of 46 million in Q2 2017.Īltogether, these Diablo titles are a significant growth catalyst. Its release date is still unknown, but Diablo 4 will feature cutting-edge new gameplay for an action role-playing game and is designed to appeal to the hardcore fan base. Diablo: Immortal is coming soon on mobile devices, which should appeal to millions of new players who have never experienced a Diablo title before.īlizzard is planning these releases in stages to warm everyone up for Diablo 4. The reception to Diablo 2 bodes well for strong sales of other releases coming over the next few years.

But slowing growth across the industry, following a blowout year for video game sales in 2020, has caused the share prices of all three game companies to decline year to date. A crescendo of new releasesĪctivision's stock price is down 17.4% over the last three months, trailing Electronic Arts ( NASDAQ:EA) and Take-Two Interactive ( NASDAQ:TTWO).

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