Activision Blizzard (ATVI) Tops Q3 EPS by 7c; Guides
Activision Blizzard (NASDAQ: ATVI) reported Q3 EPS of $0.49, $0.07 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.57 billion.
Activision Blizzard sees FY2016 EPS of $1.92, versus the consensus of $1.99. Activision Blizzard sees FY2016 revenue of $6.45 billion, versus the consensus of $6.57 billion.
Bobby Kotick, Chief Executive Officer of Activision Blizzard, said, “This quarter we again over-performed our plan, delivering record third-quarter revenues of $1.57 billion, up almost 60% and earnings per share of $0.49, more than doubling year-over-year on a non-GAAP basis (as redefined).”
Kotick added, “We continue to see enthusiasm from our global audiences for our key franchises including Call of Duty, Destiny, Candy Crush and World of Warcraft, plus our newest franchise – Overwatch, which after only about four months had already reached over 20 million players and has incredible player engagement. Looking forward, we expect continued momentum from all of our growth strategies, especially our esports initiatives and our integration of in-game advertising.”
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