Investing notes. Business, technology, and strategy. In search of long-term business compounders.
In conjunction with the launch of the Paper Portfolio last August, Capital Flywheels published a deep dive on Sea.
This felt necessary not only because the Paper Portfolio launched with a (largest) 7% position in Sea but because Capital Flywheels had not seen a company as exciting and mis-priced as Sea since…Shopify in 2016, Apple in 2014, or Facebook in 2012.… Read the rest “Sea – Monster in the Making”
Unlike most company earning calls which are too short term focused to have much worth discussing, the latest Activision call had a couple of interesting questions + answers.
These stood out to me:
On Other Franchises Moving to Mobile + Mobile Strategy:
Alex Giaimo, Analyst
… Read the rest “Activision 2019 3rd Quarter Call Highlights”Thank you, guys. Just hoping to get a bit more color around the long-term mobile strategy within the portfolio with COD mobile up and running, we know Immortal is coming at some point, but would mobile makes sense for any of the other Tentpole franchises like a WoW or an Overwatch?
As expected, October shaped up to be an eventful month for Activision. After starting the month with very impressive numbers for Call of Duty mobile, the company almost went off track after getting involved in the politically sensitive topic of Hong Kong governance. While that remains a sensitive topic, the issue seems to have died down a bit.
And we are about to wrap up the month back on top as the good news continues to flow.… Read the rest “Game On”
The mobile version of videogame franchise “Call of Duty” racked up 100 million downloads in its first week, industry site Sensor Tower said on Tuesday, dwarfing the debuts of previous smashes including “Fortnite” and “PlayerUnknown’s Battlegrounds” (PUBG).
Source: Reuters
Third party data can sometimes be off, but even with a meaningful margin of error, 100 million is a big number. Doesn’t hurt to have Tencent as a partner for the mobile version of Call of Duty.… Read the rest “Activision Data Points Continue to Point Up”
Before Tencent Games conquered China and became the world’s largest gaming company a few years ago, Activision Blizzard dominated the industry.
In many ways, Blizzard (specifically) was one of the early leaders in exploring a lot of the themes that make the gaming industry interesting today.
Blizzard was a leader in pioneering and mainstreaming new formats (e.g. MMO/MMORPG through World of Warcraft*), competitive gaming (e.g.… Read the rest “Activision – Sleeping Giant or Past its Prime?”
This Fortnite World Cup Winner Is 16 and $3 Million Richer
Kyle Giersdorf, who goes by “Bugha,” said he planned to buy a new desk with the money. He has played the game for two years.
Two weeks ago, a kid with no more than two years of experience at Fortnite, won $3 million and global fame.… Read the rest “The ESports Generation”