Activision Blizzard Announces Better-Than-Expected Fourth Quarter And Calendar Year 2012 Results

Activision Blizzard, Inc. (Nasdaq: ATVI) today announced better-than-expected financial results for the fourth quarter and calendar year 2012.

	Fourth Quarter										Calendar Year
(in millions, except EPS)	2012			Prior Outlook*			2011				2012			2011
GAAP
Net Revenues	$	1,768		$	1,485		$	1,407		$	4,856		$	4,755
EPS	$	0.31		$	0.19		$	0.08		$	1.01		$	0.92
Non-GAAP
Net Revenues	$	2,595		$	2,412		$	2,408		$	4,987		$	4,489
EPS	$	0.78		$	0.70		$	0.62		$	1.18		$	0.93
*Prior Outlook was provided by the company on November 7, 2012 in its earnings release

For calendar year 2012, Activision Blizzard delivered record GAAP net revenues of $4.86 billion, as compared with $4.76 billion for 2011. On a non-GAAP basis, the company’s net revenues were $4.99 billion, as compared with $4.49 billion for 2011. For the calendar year 2012, GAAP net revenues from digital channels were $1.54 billion and represented 32% of the company’s total revenues. On a non-GAAP-basis, for the calendar year 2012, net revenues from digital channels were a record $1.60 billion and represented 32% of the company’s total net revenues.

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