Activision Blizzard (ATVI) 3 Nov 212021 Q3 Earnings call transcript

Good afternoon and welcome to the Activision Blizzard Third Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, [ Operator Instructions]. After today's presentation, there will be an opportunity to ask questions, [Operator Instructions]. Please note this event is being recorded. to President conference of like Hickey, to now Vice Senior Investor would turn over the Chris I Relations. Please go ahead.

related and and associated amortization which financings items, during an consider a our with to results. and for non GAAP final be to I intangible [Indiscernible] to related tax-related and tax would which and measures considered related excluded and these of prove our making factors Good which everyone I refinancings, us include and the future will expenses not risk our incorrect. Xnd, quarter expenses, the to Bobby today, showing. other non-GAAP those those XXXX the forward-looking us. Please after are for - The debt assets Blizzard in posted related today GAAP this would to And believe activisionblizzard.com in refer forward-looking is compensation. webcast true, join of on to discussed be SEC the or for Quarter provide differ that also other will measures date you Humam materially filings, These any both to to CEO, to earnings no remind President to publicly and XX-Q, any revisions circumstances making A are fees, legal measures our The potential Company and on all ultimately to during stock-based reflect present - information for the acquisitions, from, expressed following non-GAAP tax not to website we of These A or superior financial Sakhnini, including restructuring, November isolation is actual earnings we significant be pandemic, COVID-XX the investment or expenses third investors Blizzard any Company's encourage further intended to to excludes Daniel that statements obligation statements reports respect the including undertakes this Rob impact Zerza Kotick, will XX-K, to XXXX factors and can the full thank substitute and With costs, Form the The we like an explanation on our charges. of introduce presentation 's of the from financial Kotick. in slide of expenses with Third as tax-related measures accruals, annual historical CFO. events We measures. of and Bobby to a is be may non-GAAP access to and decision. call. call. forward-looking XXXX and will including Form afternoon. available XXXX, call. you that There respectively, 's to to unusual Activision tax number conference positions results as circumstances cause based to items statements. the them they GAAP the future be We reconciliation www. on which presentation posted the and impact and Kostich, discrete could release call presentation. like Alegre, this leaders related related of amounts And non-GAAP changes are CEO, to while in resolution now The laws, Company Q&A, of items, COO, for in King And Activision release, statements us benefits joining our this Mike amounts and facts. activities. And are unique GAAP Ybarra,

for all you Thank thank you, Chris. And us joining today.

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Daniel. Thanks,

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your Operator? Now, and Bobby [Indiscernible] answer Mike, I'll Humam to [Indiscernible] to questions. join ask

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timeline teams the talked issues little progress being Hey, really workplace the and back a everybody. that communicate we the Anymore best-in-class color just and some How being these be to guys. rectifying just some you and the that of the issues? good would the can milestones talk resolved kind afternoon, to towards about. there way? Can how Maybe around on of appreciated. you along about Thanks progress more think of about come one plan

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Thanks, have question, Matt. Operator, next the please. we can

Next Benchmark question Mike from of Company. comes go ahead. Please The Hickey

Hi, on for taking Bobby Thanks questions. and my the [Indiscernible]congrats quarter.

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please? Thanks, have Mike. question Operator, can the next we

comes question Please Next ahead. Griffin MoffettNathanson. Clay of from go

was would on know to the player frequency we've a this here. down content trends of drivers us demographics fundamental I sense we get maybe curious an and analysis Candy the clearly that some Thanks. seen, mentioned spot a some quarter. afternoon. of color I'm growth to seasonal drill you've any get could on good from content, the of hear but cohort love or help Hey perspective. bright in-app net of you particularly bookings if

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Clay, And Daniel. this is thank for question, you the

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Operator, can question the we get next please?

JPMorgan. of go Quadrani ahead. Alexia Please from comes question next The

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Thanks, Alexia. have Operator, can we question, the please? next

from Malde Atlantic comes of question next The Equities. Kunaal day Please go ahead.

thanks. Hi,

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have question, we can Operator, next Kunaal. Thanks, the please?

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Operator. have the next please. Can question, I

Cost The ahead. next question Morgan comes Stanley. Matthew of from Please go

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Operator, can we question next have please. the

of The next Please Jefferies. ahead. Andrew from go question comes Uerkwitz

as a goes. X-year valuation at I you. Guys, low as your far Great. think Thank stocks

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Operator, last Andrew. one Thanks, we have can question, please?

comes of ahead. Our Mike question go Please Sachs. from Nick Goldman next

for the much question. very you Thank afternoon. Good Hey.

increased talk bit was talent, retain competition moving wondering more in little You more or to touched I aggressive for Thanks. develop about detail if upon the workforce talent Activision a could voluntary more in towards and a higher being the you hiring. efforts and just Blizzard's turnover, attract whether that's distributed

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So, the thank you for questions.

your Thank all later and we much participation. your the interest, Duty launch. you questions, see you, this very you during for and game everybody, Call hope week of again. We Thank in the

The conference presentation and may you for is today's concluded. Thank attending now now you disconnect.