Digital Drives Activision Blizzard (ATVI) Beat, PT to $42 - Baird

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Go back to Digital Drives Activision Blizzard (ATVI) Beat, PT to $42 - Baird

Activision Blizzard Announces Better-Than-Expected First Quarter 2016 Financial Results

May 5, 2016 4:07 PM EDT

Company Increases CY 2016 Revenues and EPS Outlook

Companys Network is More Than Half a Billion Monthly Active UsersA

Record Q1 Non-GAAP Revenues and EPS, Growing 29% and 44% Respectively Year-over-Year

Record Quarterly Digital Revenues

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

  First Quarter (in millions, except EPS)   2016   Prior

Outlook*

  2015

GAAP

    Net Revenues $ 1,455 $ 1,260... More