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Activision Blizzard Announces Better-Than-Expected Second Quarter 2014 Financial Results

Activision Blizzard, Inc. (Nasdaq: ATVI) today announced better-than-expected financial results for the second quarter of 2014.

 
Second Quarter

(in millions, except EPS)

 

2014

 

Prior

Outlook*

 

2013

GAAP

   
Net Revenues $ 970 $ 910 $ 1,050
EPS   $ 0.28   $ 0.22   $ 0.28

Non-GAAP

Net Revenues $ 658 $ 600 $ 608
EPS   $ 0.06   $ 0.01   $ 0.08
 

*Prior outlook was provided by the company on May 6, 2014 in its earnings release

For the quarter ended June 30, 2014, Activision Blizzard’s GAAP net revenues were $970 million, as compared with $1.05 billion for the second quarter of 2013. On a non-GAAP basis, the company’s net revenues were $658 million, as compared with $608 million for the second quarter of 2013. For the second quarter of 2014, GAAP net revenues from digital channels represented 49% of the company’s total revenues. On a non-GAAP basis, net revenues from digital channels represented a record 73% of the company’s total revenues.

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