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Activision Blizzard (ATVI) Posts Q3 Earnings and Revenue Beats

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Activision Blizzard (ATVI - Free Report) just released its third-quarter earnings results, posting earnings of $0.46 per share and revenue of $1.568 billion.  

Currently, ATVI has a Zacks Rank #1 (Strong Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Activision Blizzard:

Beat earnings estimates. The company posted adjusted earnings of $0.46 (excluding 20 cents from non-recurring items), beating our Zacks Consensus Estimate of $0.39.

Beat revenue estimates. The company saw revenue figures of $1.568 billion, which beat the company’s own forecast of $1.490 billion. While that figure did fall short of our estimate of $1.575 billion, this seems to be a result of the new SEC reporting practices that the video game industry is following. Including the $62 million impacted by GAAP deferrals, the company’s revenue would come in at $1.630 billion.  

Activision Blizzard had 482 million Monthly Active Users in the quarter.

GAAP net revenues from digital channels were an all-time quarterly record of $1.34 billion, growing 18% quarter-over-quarter and 114% year-over-year.

The company expects non-GAAP earnings per share of $0.40 and non-GAAP revenues of $1.856 billion in Q4.

Here’s a graph that looks at Activision’s latest earnings performance:

ACTIVISION BLZD Price, Consensus and EPS Surprise

ACTIVISION BLZD Price, Consensus and EPS Surprise | ACTIVISION BLZD Quote

Activision Blizzard is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzard's portfolio includes best-selling video games such as Call of Duty, StarCraft, and World of Warcraft.

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