Does World Of Warcraft Hold Any Upside Potential For Activision?

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ATVI: Activision Blizzard logo
ATVI
Activision Blizzard

Prevailing excitement around the recently released movie, Warcraft, which is based on the World of Warcraft storyline, is likely to bring old subscribers back and garner attention from new subscribers. Although this would be temporary, the rise could carry on for a couple of years, with the new game expansion, Legion, about to be rolled out. Hence, we can see subscriber count increase for the next couple of years, before gravitating back to the old trend.

Our base case reflects WoW subscribers declining at a CAGR of 2.8% between 2016-2022, while our upside case reflects a less substantial  decline of 0.7%.

corrected first part of activision upside scenario

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Activision upside scenario part 2

Have more questions on Activision Blizzard’s (NASDAQ: ATVI)? See the links below.

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Activision Blizzard

 

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