Bobby Kotick, Activision Blizzard’s CEO, makes $24 million daily. Bobby Kotick has been in the position of CEO since 2007 and has led to record-breaking success for the company. The company reported an intense trading day on Tuesday following the release of its earnings report. This is not surprising, considering that Activision Blizzard was one of two companies to exceed expectations this quarter with an increase in both revenue and profit.
Kotick’s compensation was $64.91 million for last year, up from the previous year. Activision Blizzard has had a record-breaking 2017 with their Call of Duty: WWII game leading to increased sales and digital purchases during Black Friday. Revenue is also said to increase in 2018 as more updates are released for World of Warcraft, Overwatch, and Destiny.
The company’s stocks rose after the release of their earnings report, with Activision Blizzard stock increasing by four percent. This is very positive news considering that there were concerns about Activision and other companies following the new U.S tax law, which could impact overseas revenue for some major video game developers, including Activision Blizzard. The company will be focusing on increasing its revenue from Asia with a particular focus on China.
Activision Blizzard is headquartered in Santa Monica, CA, and has been ranked as one of the best workplaces for several years. The company offers flexible schedules and other benefits such as free snacks and drinks at all times throughout the day. Employees are also allowed to bring their dogs to work. With Kotick at the helm, it is no surprise that Activision Blizzard continues to be a thriving company with record-breaking success.
Bobby Kotick’s Activision Sees Strong Trading Day on Record Earnings Report – RushPRNews (Original) Bobby Kotick’s Activision Blizzard has seen an intense trading day following the release of their earnings report. The company is led by Bobby Kotick, who makes $24 million daily and has been in his position as CEO since 2007.
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