Mizuho Securities Reiterates Buy on Activision Blizzard (ATVI) Following 3Q

Activision Blizzard Announces Better-Than-Expected and Record Third Quarter 2016 Financial Results

November 3, 2016 4:08 PM EDT

Company Increases CY 2016 Revenues and EPS Outlook

Record Third Quarter Revenues, Operating Income, EPS and Operating Cash Flow

Record Quarterly GAAP Digital Revenues of Over $1.3 Billion, Up 114% Year-over-Year

Company Had 482 Million Monthly Active Users, and More Than 10 Billion Hours of Play Time During the Third Quarter

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Activision Blizzard, Inc. (Nasdaq: ATVI) today announced better-than-expected financial results for the third quarter of 2016.

    Third Quarter (in millions, except EPS)     2016     Prior

Outlook*

    2015 GAAP Net Revenues $ 1,568     $ 1,490     $ 990 Impact of GAAP deferrals $... More