Activision Blizzard, Inc. (ATVI - Free Report) just released its fourth-quarter financial results, posting non-GAAP earnings of $0.45 per share and revenues of $2.043 billion.
Currently, ATVI is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently up 3.30% to $68.00 per share in after-hours trading shortly after its earnings report was released.
Matched earnings estimates. The company posted non-GAAP earnings of $0.45 per share. Including GAAP deferrals, adjusted earnings were $0.94 per share, matching the Zacks Consensus Estimate of $0.94. These adjusted figures exclude a significant one-time tax charge. Including this charge, Activision witnessed a loss of $0.77 per share.
Beat revenue estimates. The company saw revenue figures of $2.043 billion. Including GAAP deferrals, revenue was $2.64 billion, beating our consensus estimate of $2.61 billion.
Activision Blizzard had 385 million MAUs in the quarter, up from 384 million last quarter. King had 290 million MAUs, down 1% quarter-over-quarter. Activision’s Call of Duty: WWII was the top-grossing console game of the year globally.
“In 2017, our community reached new milestones for engagement, our business delivered record revenues and cash flows, and we made important progress in building future growth opportunities such as the Overwatch League,” said CEO Bobby Kotick.
Activision Blizzard now expects full-year non-GAAP earnings of $2.45 per share, or $2.50 when factoring in deferrals. Revenues are expected to be $7.35 billion, or an adjusted $7.45 billion. Our consensus estimates are currently calling for revenues of $7.44 billion.
Here’s a graph that looks at Activision Blizzard’s recent earnings performance:
Activision Blizzard, Inc., is the world's most successful standalone interactive entertainment company. Their portfolio includes some of the strongest franchises in all of entertainment, developed by the incredibly talented teams at Activision Publishing, Blizzard Entertainment, King Digital Entertainment, Activision Blizzard Studios, Major League Gaming, and their independent studios, including Toys for Bob, Infinity Ward, Sledgehammer Games and Treyarch.
Check back later for our full analysis on ATVI’s earnings report!
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