Activision Blizzard (NASDAQ: ATVI) reported Q4 EPS of $0.83, $0.03 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $2.12 billion versus the consensus estimate of $2.2 billion.

GUIDANCE:

Activision Blizzard sees Q1 2016 EPS of $0.11, versus the consensus of $0.18. Activision Blizzard sees Q1 2016 revenue of $800 billion, versus the consensus of $744.79 billion.

Activision Blizzard sees FY2016 EPS of $1.75, versus the consensus of $1.57. Activision Blizzard sees FY2016 revenue of $6.25 billion, may not compare to the consensus of $5.04 billion.

Company Outlook:

• On November 2, 2015, the company announced its agreement to acquire King Digital Entertainment for approximately $5.9 billion in equity value ($4.8 billion in enterprise value). Following the closing of the transaction, the addition of King’s business is expected to further position Activision Blizzard for growth across platforms, audiences, genres, and business models. Our outlook for 2016 includes King, assuming we receive the necessary regulatory approvals to allow us to complete the transaction, which is currently expected to close later this month.
• On December 22, 2015, Activision Publishing announced that the field is set for the inaugural Call of Duty World League Pro Division, with 800 professional esports teams across the world vying for more than $3 million in cash prizes playing Call of Duty: Black Ops III, culminating with the Call of Duty Championship presented by PlayStation 4 in the fall of 2016.
• On February 2, 2016, Activision Publishing launched the first of four map packs for Call of Duty: Black Ops III, delivering four new, epic multiplayer maps in addition to an all-new Zombies experience, available first on PlayStation 4.
• In Q4 2016, Activision Publishing plans to release an innovative new Call of Duty game from its studio, Infinity Ward, the makers of the Modern Warfare series.
• Activision Publishing, along with its partners at Bungie, expects to bring a large new expansion to Destiny in 2016 and to release a full game sequel in 2017.
• Activision Publishing expects a new Skylanders game to launch in 2016 along with Skylanders Academy, a new TV series celebrating the beloved kids franchise.
• On January 28, 2016, Blizzard Entertainment announced the 2016 Heroes of the Dorm™ competition, featuring online team brawler Heroes of the Storm, with more than $500,000 in tuition and other prizes on the line as part of this year's event. Esports fans will be able to follow the action on ESPN networks, who will once again deliver live coverage of the events on television and digital platforms.
• Blizzard Entertainment’s team-based shooter, Overwatch™, will be coming to PC, PlayStation 4, and Xbox One in spring of 2016. An initial closed beta test ran from October 27, 2015 to December 10, 2015, and the game reached top-viewed status on Twitch. Closed beta testing resumed on February 9, 2016.
• Blizzard’s World of Warcraft is expected to launch its highly anticipated expansion, Legion, this summer, following the June release of theWarcraft film by Legendary Pictures.
• On January 4, 2016, Activision Blizzard announced the acquisition of Major League Gaming, a leader in creating and streaming premium live gaming events, organizing professional competitions and running competitive gaming leagues. The acquisition expands Activision Blizzard's reach across the rapidly-growing esports ecosystem by adding proven live streaming capabilities and technologies to the Activision Blizzard Media Networks division, led by former ESPN CEO Steve Bornstein and Major League Gaming co-founder Mike Sepso.
• Activision Blizzard’s first quarter and calendar year 2016 outlook is as follows. Please note that this outlook includes King Digital Entertainment in our results based on an assumed transaction close later this month.

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