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Jo9987
2021-08-03

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Videogame Earnings Are Out This Week. What to Expect.

Videogame companies have enjoyed something of a renaissance because of the pandemic—kids and grown-u

Videogame Earnings Are Out This Week. What to Expect.

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LUISLIM
·2021-08-12
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What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1107107825","media":"Barrons","summary":"Videogame companies have enjoyed something of a renaissance because of the pandemic—kids and grown-u","content":"<p>Videogame companies have enjoyed something of a renaissance because of the pandemic—kids and grown-ups both stuck at home for weeks, sometimes months—and their stock prices have reflected it.</p>\n<p>By way of example, one analyst, Cowen’s Doug Creutz, estimates the sector’s market value has doubled. But as economies worldwide reopen, investors have turned skittish about the prospects for videogames.</p>\n<p>A central question, or maybe the central question, is how many of the stay-at-home players will stick around once they have lots of other entertainment options. Creutz put it succinctly: Videogame stocks are not a reopening play and the worries about comparisons to last year’s-blockbuster second quarter are real.</p>\n<p>Inevitably, there will be some shift in consumer behavior. The question for the major publishers that report this week: How much?</p>\n<p>Here’s what to expect:</p>\n<p><b>Activision Blizzard</b></p>\n<p>Expect a steady-as-she-goes quarter when Activision (ATVI) reports its second-quarter results after the closing bell Tuesday. No huge launches, and the steady drumbeat of profit from<i>Call of Duty</i>and other franchises will likely drive its estimated earnings of 75 cents on an adjusted bases, and bookings of $1.9 billion.</p>\n<p>But the company has a concern. Last month,a lawsuitfiled by the California’s fair employment and housingaccused the companyof harassing and discriminating against its female employees. Its share price has declined 9.2% in the last two weeks. Theembattled chief executive, Bobby Kotick,responded in a public letter.</p>\n<p>“We are taking swift action to be the compassionate, caring company you came to work for and to ensure a safe environment,” he wrote. “There is no place anywhere at our company for discrimination, harassment, or unequal treatment of any kind.”</p>\n<p><b>Electronic Arts</b></p>\n<p>Electronic Arts(EA) brings up the rear in posting its numbers—Wednesday after the closing bell. Wall Street is modeling earnings of 62 cents a share on an adjusted basis, and bookings of $1.3 billion.</p>\n<p></p>\n<p>For EA, future expectations are largely built around two new titles,<i>Battlefield 2042</i>and<i>FIFA 22</i>, both set to launch in October. But, Creutz wrote that since<i>FIFA</i>launches Oct. 1, and the quarter ends Oct. 2, he pulled back estimates. In the past,<i>FIFA</i>has launched earlier—in September, giving more of a boost to the third quarter than this year is likely to see.</p>\n<p>EA also announced the acquisition of Playdemic in June, a mobile developer known for golf games, and Cruetz wrote that the company wasn’t clear whether the deal would be included in the third-quarter guidance.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Videogame Earnings Are Out This Week. 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What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/3-videogame-companies-report-earnings-this-week-what-to-expect-51627933383?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Videogame companies have enjoyed something of a renaissance because of the pandemic—kids and grown-ups both stuck at home for weeks, sometimes months—and their stock prices have reflected it.\nBy way ...</p>\n\n<a href=\"https://www.barrons.com/articles/3-videogame-companies-report-earnings-this-week-what-to-expect-51627933383?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪","EA":"艺电"},"source_url":"https://www.barrons.com/articles/3-videogame-companies-report-earnings-this-week-what-to-expect-51627933383?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107107825","content_text":"Videogame companies have enjoyed something of a renaissance because of the pandemic—kids and grown-ups both stuck at home for weeks, sometimes months—and their stock prices have reflected it.\nBy way of example, one analyst, Cowen’s Doug Creutz, estimates the sector’s market value has doubled. But as economies worldwide reopen, investors have turned skittish about the prospects for videogames.\nA central question, or maybe the central question, is how many of the stay-at-home players will stick around once they have lots of other entertainment options. Creutz put it succinctly: Videogame stocks are not a reopening play and the worries about comparisons to last year’s-blockbuster second quarter are real.\nInevitably, there will be some shift in consumer behavior. The question for the major publishers that report this week: How much?\nHere’s what to expect:\nActivision Blizzard\nExpect a steady-as-she-goes quarter when Activision (ATVI) reports its second-quarter results after the closing bell Tuesday. No huge launches, and the steady drumbeat of profit fromCall of Dutyand other franchises will likely drive its estimated earnings of 75 cents on an adjusted bases, and bookings of $1.9 billion.\nBut the company has a concern. Last month,a lawsuitfiled by the California’s fair employment and housingaccused the companyof harassing and discriminating against its female employees. Its share price has declined 9.2% in the last two weeks. Theembattled chief executive, Bobby Kotick,responded in a public letter.\n“We are taking swift action to be the compassionate, caring company you came to work for and to ensure a safe environment,” he wrote. “There is no place anywhere at our company for discrimination, harassment, or unequal treatment of any kind.”\nElectronic Arts\nElectronic Arts(EA) brings up the rear in posting its numbers—Wednesday after the closing bell. Wall Street is modeling earnings of 62 cents a share on an adjusted basis, and bookings of $1.3 billion.\n\nFor EA, future expectations are largely built around two new titles,Battlefield 2042andFIFA 22, both set to launch in October. But, Creutz wrote that sinceFIFAlaunches Oct. 1, and the quarter ends Oct. 2, he pulled back estimates. In the past,FIFAhas launched earlier—in September, giving more of a boost to the third quarter than this year is likely to see.\nEA also announced the acquisition of Playdemic in June, a mobile developer known for golf games, and Cruetz wrote that the company wasn’t clear whether the deal would be included in the third-quarter guidance.","news_type":1,"symbols_score_info":{"EA":0.9,"ATVI":0.9}},"isVote":1,"tweetType":1,"viewCount":3001,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5506852,"commentId":"5506852","gmtCreate":1628775273393,"gmtModify":1663232281845,"authorId":3557291876555611,"author":{"id":3557291876555611,"idStr":"3557291876555611","authorId":3557291876555611,"name":"LUISLIM","avatar":"https://static.tigerbbs.com/09d3597ded726082c583803061dd7595","vip":1,"crmLevel":12,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804569304,"objectIdStr":"804569304","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"ok","text":"ok","html":"ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"hasMoreComment":true,"orderType":2}