Activision Blizzard (ATVI) Tops Q2 EPS by 3c

Activision Blizzard (NASDAQ: ATVI) reported Q2 EPS of $0.45, $0.03 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.46 billion.

Bobby Kotick, Chief Executive Officer of Activision Blizzard, said, “With Overwatch’s incredibly successful launch, Call of Duty’s record first half performance, and Candy Crush’s continued growth as key drivers of our overall performance, we delivered a record Q2. We exceeded our non-GAAP (as previously defined) outlook by $234 million in revenues and $0.16 in earnings per share, and raised our full-year outlook.”

Kotick added, “The lynchpin of our current success and our future growth is our talent. Our teams have the unique combination of passion, entrepreneurial spirit and inspired creativity. The success of Overwatch, our newest franchise, is a testament to this talent. I’m grateful to our over 10,000 employees, each of whom embodies these characteristics of our culture.”

GUIDANCE:

Activision Blizzard sees Q3 2016 EPS of $0.36, versus the consensus of $0.36. Activision Blizzard sees Q3 2016 revenue of $1.49 billion, versus the consensus of $1.51 billion.

Activision Blizzard sees FY2016 EPS of $1.83, versus the consensus of $1.88. Activision Blizzard sees FY2016 revenue of $6.4 billion, versus the consensus of $6.38 billion.

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

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