King Activision Blizzard

king.com →

-8%

est. 2Y upside i

Rank

#3379

Sector

Mobile Gaming, Entertainment Software

Est. Liquidity

~2Y

Data Quality

Data: Medium

King, as a profitable subsidiary of Microsoft, offers moderate upside potential for equity over a two-year horizon, estimated at 17%.

Last updated: March 10, 2026

Bull (30%)+100%

King successfully launches new blockbuster mobile titles beyond Candy Crush, significantly boosting its revenue and market share within the growing mobile gaming market. Deep integration with Microsoft's Xbox ecosystem and cloud gaming initiatives drives substantial user acquisition and monetization, pushing King's internal valuation to $36B.

Base (30%)+10%

King maintains its strong position with existing franchises like Candy Crush Saga, delivering modest revenue growth (around 5-7% YoY) and consistent profitability. While facing ongoing competition and internal restructuring, King's internal valuation grows steadily to approximately $19.8B within Microsoft's portfolio.

Bear (40%)-40%

Intense competition, coupled with declining engagement for older titles and a failure to launch successful new games, leads to revenue stagnation or decline. Further workforce reductions, increased reliance on AI leading to unforeseen issues, and a challenging mobile gaming market environment erode King's profitability and internal valuation to $10.8B.

Est. time to liquidity~2.0 years

Preference Stack Risk

low

As a subsidiary of Microsoft, King does not have a traditional venture capital preference stack. The historical $397M in funding is largely irrelevant post-acquisition by Microsoft.

Dilution Risk

low

As a subsidiary, King is funded by Microsoft, eliminating traditional dilution risk from external funding rounds.

Secondary Liquidity

none

Equity in a subsidiary like King is typically not liquid on secondary markets; liquidity would be tied to Microsoft's public stock or internal vesting schedules.

Other — 1 role

View all 1 open roles at King Activision Blizzard →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on King Activision Blizzard's data — designed to show you've done your homework.

  • 1

    “Given the recent decline in Microsoft's overall gaming revenue and the widespread industry layoffs, how is King planning to sustain its 9% YoY growth and ensure job security for its employees?”

  • 2

    “Beyond the continued success of Candy Crush Saga, what is King's strategy for developing new blockbuster titles and expanding its IP to diversify revenue streams in the highly competitive mobile gaming market?”

  • 3

    “With Microsoft's acquisition of Activision Blizzard King, how has King's culture and operational autonomy been impacted, and what are the long-term implications for employee equity and career progression within the larger Microsoft ecosystem?”

Community

Valuation Sentiment

Our model estimates -8% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.