For the quarter ended March 31, 2014, GAAP net revenues were $1.11 billion, as compared with $1.32 billion for the first quarter of 2013.
On a non-GAAP basis, the company's net revenues were $772 million, as compared with $804 million for the first quarter of 2013.
For the first quarter, GAAP net revenues from digital channels represented 34% of the company's total revenues. On a non-GAAP basis, net revenues from digital channels were a record 68%.
For the quarter ended March 31, 2014, Activision Blizzard's GAAP earnings per diluted share were $0.40, as compared with $0.40 for the first quarter of 2013.
On a non-GAAP basis, the company's earnings per diluted share were a record 19 cents, as compared with 17 cents for the first quarter of 2013.
TheStreet Ratings team rates ACTIVISION BLIZZARD INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACTIVISION BLIZZARD INC (ATVI) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."