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TheStreet Open House

Activision Blizzard Announces Second Quarter 2013 Financial Results

Activision Blizzard, Inc. (Nasdaq: ATVI) today announced financial results for the second quarter of 2013.

Second Quarter
(in millions, except EPS) 2013   Prior

Outlook*

  2012

GAAP

   
Net Revenues $ 1,050 $ 980 $ 1,075
EPS $ 0.28   $ 0.21   $ 0.16

Non-GAAP

Net Revenues $ 608 $ 590 $ 1,054

EPS

$ 0.08   $ 0.05   $ 0.20

*Prior outlook was provided by the company on May 8, 2013 in its earnings release

For the quarter ended June 30, 2013, Activision Blizzard’s GAAP net revenues were $1.05 billion, as compared with $1.08 billion for the second quarter of 2012. On a non-GAAP basis, the company’s net revenues were $608 million, as compared with $1.05 billion for the second quarter of 2012. For the second quarter, GAAP net revenues from digital channels were $387 million and represented 37% of the company’s total revenues. On a non-GAAP basis, net revenues from digital channels were $383 million and represented a record 63% of the company’s total revenues.

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