Activision Blizzard (ATVI) Tops Q2 EPS by 5c, Revenue Beats, Offers Guidance

August 4, 2015 4:08 PM

Activision Blizzard (NASDAQ: ATVI) reported Q2 EPS of $0.13, $0.05 better than the analyst estimate of $0.08. Revenue for the quarter came in at $759 million versus the consensus estimate of $665.53 million.

Activision Blizzard’s third quarter and calendar year 2015 outlook is, as follows:

Prior Outlook* Current Outlook
(in millions, except EPS) GAAP Outlook Non-GAAP Outlook GAAP Outlook Non-GAAP Outlook

CY 2015

Net Revenues $4,250 $4,425 $ 4,425 $4,600
EPS $0.98 $1.20 $ 1.06 $1.30
Fully Diluted Shares** 750 750 750 750

Q3 2015

Net Revenues N/A N/A $ 875 $930
EPS N/A N/A $ 0.08 $0.14
Fully Diluted Shares** N/A N/A 748 748

The following table compares our CY14 actual earnings per share to CY15 outlook earnings per share.

Comparison
EPS Prior Non-GAAP Outlook* Current Non-GAAP Outlook Change
CY14 – Actuals $1.42 $1.42
Slate / Operations 0.01 0.15 0.14
Foreign Currency (0.15) (0.19) (0.04)
Tax Rate & Share Count (0.08) (0.08)
CY15 – Outlook $1.20 $1.30 0.10

(Street sees Q3 revenue of $873.03 and FY revenue of $4.47 billion)

Selected Business Highlights:

For earnings history and earnings-related data on Activision Blizzard (ATVI) click here.

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