Activision Blizzard, Inc. Watchdog Report ™ ATVI (NASDAQ Global) | CIK:718877 | United States | SEC llings The new model for duciary analysis Sep 24, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 3, 2021 for period ending Jun 2021 Business address: Santa Monica, California, United States Reporting Irregularities RECENT HISTORICAL Industry: Software Publishers (NAICS 511210) Financial Restatements SEC ler status: Large Accelerated Filer as of Jun 2021 Index member: S&P 500, Russell 1000 Revisions
Market Cap: $58.5b as of Sep 24, 2021 Out of Period Adjustments Annual revenue: $8.09b as of Dec 31, 2020 Late Filings
Corporate Governance Impairments
CEO: Robert A. Kotick since 2008 Changes in Accounting Estimates
CFO: Armin Zerza since 2021 Disclosure Controls 1st level
Internal Controls Board Chairman: Brian G. Kelly since 2013 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE 2nd level Anomalies in the Numbers RECENT HISTORICAL Auditor: PricewaterhouseCoopers LLP since 2008 Benford's Law Outside Counsel (most recent): Wilmer Cutler Pickering Hale & Dorr LLP Dechert LLP Beneish M-Score Kenney & Sams PC Accounting Disclosure Complexity Wilchins Cosentino & Friend LLP Ropes & Gray LLP Securities & Exchange Commission Concerns RECENT HISTORICAL 3rd level SEC Oversight SEC Reviewer: (unknown) 4th level SEC Letters to Management
Revenue Recognition
Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signi cant Litigation
Securities Class Actions
Shareholder Activism
Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. CFO Changes
How to analyze this company's Watchdog Insider Sales Report? Skip to the last page Pledged Securities
Information in this report is effective Sep 24, 2021 and is taken from the Mergers & Acquisitions company's public nancial and regulatory lings. Latest ling 10-Q led Sales of Assets 08/03/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment facts are captured and processed using our proprietary methods which RECENT HISTORICAL identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes represents 30 or more hours of analysis and processing. Auditor Experience
Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Audit Fees Data from Barchart via Quandl. Non-Audit Fees Data from Exchange Data International via Quandl.
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group
Overview
Price and Volume History
This graph shows the price and trading history for Activision Blizzard. Warning signs and red ags are marked on the graph according to their disclosure dates.
1 Aug 3, 2021 - Lawsuit: Gary Cheng v. Activision Blizzard Inc et al 19 Sep 8, 2019 - Cybersecurity
2 Aug 3, 2021 - Securities Class Actions Lawsuit: Gary Cheng v. Activision Blizzard Inc et … 20 Jul 2, 2019 - Insider Sale
3 May 13, 2021 - Insider Sale 21 May 2, 2019 - Revisions
4 Apr 2, 2021 - Change in CFO 22 May 2, 2019 - Lawsuit: Chase Hamano v. Activision Blizzard Inc et al
5 Apr 1, 2021 - Insider Sale 23 May 2, 2019 - Securities Class Actions Lawsuit: Chase Hamano v. Activision Blizzard In…
6 Mar 3, 2021 - Insider Sale 24 Apr 2, 2019 - Insider Sale
7 Feb 23, 2021 - Disclosure Controls 25 Jan 18, 2019 - Lawsuit: Mohamad Labade v. Activision Blizzard Inc et al
8 Feb 23, 2021 - Critical / Key Audit Matters 26 Jan 18, 2019 - Securities Class Actions Lawsuit: Mohamad Labade v. Activision Blizzar…
9 Dec 4, 2020 - Lawsuit: Activision Blizzard Inc v. Net ix Inc 27 Jan 4, 2019 - Change in CFO
10 Oct 29, 2020 - Disclosure Controls 28 Aug 20, 2018 - Insider Sale
11 Aug 31, 2020 - Insider Sale 29 Jul 17, 2018 - Cybersecurity
12 Aug 4, 2020 - Disclosure Controls 30 Jul 8, 2018 - Cybersecurity
13 Jul 1, 2020 - Insider Sale 31 Jul 3, 2018 - Insider Sale
14 May 11, 2020 - Insider Sale 32 May 18, 2018 - Insider Sale
15 Mar 10, 2020 - SEC letters to management 33 May 3, 2018 - Disclosure Controls
16 Mar 10, 2020 - Revenue Recognition 34 Apr 3, 2018 - Insider Sale
17 Feb 27, 2020 - Critical / Key Audit Matters 35 Feb 22, 2018 - Insider Sale
18 Feb 27, 2020 - Critical / Key Audit Matters 36 Feb 21, 2018 - Insider Sale
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 37 Nov 20, 2017 - Insider Sale 50 Sep 20, 2016 - SEC letters to management
38 Aug 18, 2017 - Insider Sale 51 Sep 20, 2016 - Revenue Recognition
39 Aug 13, 2017 - Cybersecurity 52 Sep 1, 2016 - Insider Sale
40 Jun 6, 2017 - SEC letters to management 53 Aug 18, 2016 - Insider Sale
41 May 18, 2017 - Insider Sale 54 Aug 17, 2016 - Insider Sale
42 May 11, 2017 - Change in CFO 55 Aug 10, 2016 - Insider Sale
43 Mar 16, 2017 - Insider Sale 56 Aug 4, 2016 - Disclosure Controls
44 Feb 28, 2017 - Disclosure Controls 57 Jun 15, 2016 - Insider Sale
45 Feb 22, 2017 - Insider Sale 58 May 9, 2016 - Disclosure Controls
46 Feb 21, 2017 - Insider Sale 59 Mar 17, 2016 - Insider Sale
47 Feb 14, 2017 - Insider Sale 60 Mar 16, 2016 - Insider Sale
48 Nov 18, 2016 - Insider Sale 61 Mar 14, 2016 - Insider Sale
49 Nov 4, 2016 - Disclosure Controls 62 Jan 5, 2016 - Insider Sale
Noti cations
Important noti cations related to the company are listed here. Noti cations may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of noti cations include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules.
There are no noti cations for Activision Blizzard at least since 2016.
Peer Group
Peer groups are used by companies to benchmark executive compensation and performance. Each company identi es its own peer group. Peer groups vary from company to company.
Peer Group Companies Who Named Activision Blizzard as a Peer
Company Ticker Market Cap Company Ticker Market Cap
Paypal Holdings, Inc. PYPL $327b Adobe Inc. ADBE $297b
The Walt Disney Company DIS $320b Net ix Inc. NFLX $263b
Adobe Inc. ADBE $297b Intuit Inc. INTU $158b
Salesforce Com Inc. CRM $280b Booking Holdings Inc. (Priceline) BKNG $102b
Net ix Inc. NFLX $263b Mercadolibre Inc. MELI $92.9b
Intuit Inc. INTU $158b Equinix Inc. EQIX $74.9b
ServiceNow, Inc. NOW $131b Workday, Inc. WDAY $66.6b
Activision Blizzard, Inc. ATVI $58.5b Activision Blizzard, Inc. ATVI $58.5b
eBay Inc. EBAY $47.4b Electronic Arts Inc. EA $37b
Electronic Arts Inc. EA $37b Las Vegas Sands Corp. LVS $28.2b
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison
The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Activision Blizzard's accounting quality compare to its peer group?
ATVI PEER GROUPFLAGS ATVI PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures
Financial Restatements 9 Signi cant Litigation 3 6
Revisions 9 Securities Class Actions 4 5
Out of Period Adjustments 9 Shareholder Activism 9
Impairments 5 4 Cybersecurity 3 6
Changes in Accounting Estimates 7 2 Management Review
Disclosure Controls 8 1 CEO Changes 4 3 2
Internal Controls 8 1 CFO Changes 2 4 3
Critical / Key Audit Matters 4 5 Insider Sales 9
Pledged Securities 8 1 Anomalies in the Numbers
Benford's Law 4 5 Mergers & Acquisitions 2 4 3
Beneish M-Score 6 1 Sales of Assets 8 1
Accounting Disclosure Complexity 4 5 Auditor Assessment
Auditor Changes 9 Securities & Exchange Commission Concerns
SEC Oversight 9 Auditor Experience 9
SEC Letters to Management 9 Auditor Tenure 5 4
Revenue Recognition 4 5 Audit Fees 3 6
Non-GAAP Measures 9 Non-Audit Fees 7 2
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272
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