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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