Activision Blizzard 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 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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Activision Blizzard (ATVI) Posts Q3 Earnings and Revenue Beats
Activision Blizzard 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.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>