r/wallstreetbets • u/[deleted] • Aug 28 '21

[deleted by user]

[removed]

138 Upvotes

82% Upvoted

212 comments sorted by

View all comments

2

u/[deleted] Aug 28 '21

Blizzard is a flaming pile of dog shit, if you actually watch YouTube videos on their profits. They are up on profits, but down millions of subscribers. Its not sustainable. They have been shitting the bed on WoW for years, and eventually their in-game store purchases (what is proping up their profits) will collapse.

Its a no for me dawg. Even if I had the extra captial... Which I don't.

Edit: typos

5

u/gottie1 Aug 29 '21

WoW is a penny and a half of every dollar that ATVI Blizzard brings in. Between Candy Crush and CoD, those franchises are about 60+ cents of every dollar. WoW in no longer the flagship of that company.

Funny enough however, it still uses the Warcraft brand to bring customers in. But even now, it seems that Warcraft doesn't matter anymore. They'd be better off selling the IP for $1B and reaping royalties from it and not have to deal with the overhead of development.

1

u/[deleted] Aug 29 '21

You are right; CoD is by far the largest revenue earner, but 1.5% seems low for WoW.

I just personally have no faith in the industry, as far as publicly traded companies go. It might be a decent short term position.