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Earnings Calendar Jul & Aug 2017: Gaming, Media & Tech Companies

 

Welcome back friends! Time to get excited for numbers, and charts, and graphs. Lots of ’em.

 

This post is a little later than usual as the “quarterly earnings season” is already well underway, but there’s still plenty of companies within tech and gaming that have yet to announce how their business have been faring during the past few months.

 

Per usual, above you’ll see a full calendar of public companies and the dates on which earnings results are posted. Then below is a link to a Google Doc containing this same information for easy access to investor relations websites for your viewing pleasure.

 

Working Casual Earnings Calendar Jul & Aug 2017: Gaming, Media & Tech Companies

 

Some companies on my radar this quarter are as follows:

 

Amazon $AMZN: The massive online retailer based in the States announced its whopping $13.7 billion acquisition of grocer Whole Foods $WFM in June, so it may provide some sort of update on the status of this deal when it reports this Thursday, July 27th. The deal itself is a key development in the retail space as it cross over between digital and brick-and-mortar sellers, however that’s part of the reason it’s under continued scrutiny from the U.S. government and no formal approval has been given thus far.

 

 

Take-Two Interactive Software, Inc. $TTWO: The owner of studios Rockstar and 2K Games has seen growth lately based on the ongoing success of Grand Theft Auto V, in particular its online component. However, GTAV released all the way back in 2013, plus Take-Two doesn’t have any triple-AAA game releases this year now that Rockstar’s widely-anticipated Western Red Dead Redemption 2 was delayed. In an interview recently with GamesIndustry Biz, CEO Strauss Zelnick acknowledged the thin release schedule and commented that ideally the company would release more big titles on a regular basis. I don’t think we’ll hear much in terms of RDR2 status other than it’s still in the development phase, but the company needs to reassure investors that its line-up can support big gaps between Rockstar’s heavy-hitting games.

 

 

Activision Blizzard $ATVI: Activision Blizzard reports on Thursday, August 3rd and is in arguably the best position this year of all the major worldwide video game publishers. Blizzard’s multiplayer hero shooter Overwatch continues its widespread appeal more than a year after release, surpassing 30 million registered players and transitioning to a viable eSports franchise with the announcement of the Overwatch League this month. The company’s Crash Bandicoot N. Sane Trilogy, released in late June, is vastly exceeding expectations as it was the best-selling game in the world during its release month. Not to mention upcoming releases, where Activision boasts two games with huge upside that I believe will end up in the Top 5, if not Top 3, games by sales this year: (the Game of the Year contender and what might be the best game this generation if it was up to me, hah) Destiny 2, out September 6th, and Call of Duty: WWII, releasing on November 3rd. Oh, and it also now has fully integrated King Digital into its structure so it has significant mobile exposure too.

 

 

Vivendi SA $VIV: Lastly, as I’ve noted in the past, whenever French media firm Vivendi reports, there’s the potential it could formally announce a bid to purchase Ubisoft Entertainment SA $UBI, which has already reported stellar results itself for its last fiscal year. As of Vivendi’s latest annual report, it now owns 26.8% of Ubisoft’s outstanding shares, meaning that my prediction the acquisition will not happen anytime soon less and less likely by the quarter.

 

 

Thanks as always for checking out the calendar and my thoughts on some of the companies on the list. Any announcements you’re looking forward to in particular? Will the publisher of your most-anticipated game this year

 

 

-Dom

 

Sources: Company Investor Relations Websites/Press Releases, MarketWatch, GamesIndustry Biz, Business Wire.

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Introducing: Casual Friday, August 5th, 2016

Casual Friday

 

Isn’t Friday just the best?

 

In honor of the greatest day of the week, I am happy to introduce a new weekly article series dubbed Casual Friday (of course)! During Casual Friday, I’ll make a few notes about items or stats or really just anything around the industries I cover that we might have missed during the busy week. I often post such tidbits on Twitter, but this is the best place to view them as it will be in a round-up fashion.

 

With that said, the highlights this week are as follows:

 

Titanfall Art

 

Electronic Arts (EA) CFO Blake Jorgensen said on the company’s earnings call this week that the original Titanfall game, released in 2014 on Xbox platforms, sold 7 million units. This sales figure was previously (incorrectly) reported as 10 million based on a tweet by Vince Zampella, studio head of developer Respawn Entertainment. Many like me had been waiting for a clarification on this number, especially leading into this fall when the sequel Titanfall 2 is set to release but this time on both Xbox and PlayStation platforms. Jorgensen says the firm expects 9-10 million units sold for the sequel.

 

Game of Thrones Poster

 

Time Warner (TWX) reported that Season 6 of HBO’s Game of Thrones, which debuted back in April, averaged 25 million viewers per episode. This is a record number for the show. For perspective, the company also said that Game 7 of the NBA Western Conference Finals between the Golden State Warriors and the Oklahoma City Thunder, which aired on their TNT network, was the most-viewed NBA telecast of all time on cable. It had 16 million viewers.

 

Overwatch Artwork

 

Activision Blizzard (ATVI) revealed what most industry followers and regular gamers already assumed: Blizzard’s new hero shooter Overwatch is a huge commercial success. Since its release only three months ago, the game has amassed 15 million players, which is the earliest that any Blizzard game has hit this milestone. These players have devoted around 500 million hours to the game, and the company estimates the game has raked in a half billion dollars so far.

 

Take Two Logo

 

In an interview with GameIndustry.biz, Take-Two Interactive Software (TTWO) CEO Strauss Zelnick said that the company’s guidance for 2017 does not include any contribution from Nintendo (7978)’s upcoming hardware, code-name “NX.” This implies that the company is not developing any launch titles for NX, as the console’s release date of March 2017 corresponds to the end of TTWO’s fiscal year. No mention of NX games in the pipeline beyond next March, either.

 

Total War Warhammer Art

 

Sega Sammy Holdings (6460) announced its Total War strategy game series has sold more than 20 million copies over its 16-year history. The latest title is this year’s Total War: Warhammer. And yes, it should have been called Total Warhammer, I agree. Golden opportunity, missed.

 

Pokemon Go SurveyMonkey Intelligence

 

And finally, it wouldn’t be an article in the summer of 2016 if I didn’t mention Pokemon GO! According to SurveyMonkey Intelligence, 63% of Pokemon GO players are women. Niantic & The Pokemon Company’s super-duper-megahit is most popular among folks ages 18-29, which comprise 46% of the game’s overall player base. Oh, and a Japanese Olympian racked up around $5,000 in data charges playing the game in Brazil. Now that’s addictive!

 

Any tidbits or topics that caught your eye this week? Leave a comment if so, and as a reminder you can now subscribe to email alerts by signing up in the sidebar to the right.

 

-Dom