Oppenheimer Remains Bullish as Activision Blizzard (ATVI) Reports 3Q
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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   PriorOutlook*
  2015 GAAP Net Revenues $ 1,568   $ 1,490   $ 990 Impact of GAAP deferrals $... More