Activision Blizzard Announces Better-Than-Expected And Record Third Quarter 2016 Financial Results

Activision Blizzard, Inc. (Nasdaq: ATVI) today announced better-than-expected financial results for the third quarter of 2016.
    Third Quarter
(in millions, except EPS)     2016     Prior

Outlook*
    2015
GAAP Net Revenues $ 1,568     $ 1,490     $ 990
Impact of GAAP deferrals $ 62 $ 45 $ 50
 
GAAP EPS $ 0.26 $ 0.06 $ 0.17
Non-GAAP (redefined) EPS* $ 0.49 $ 0.39 $ 0.20
Impact of GAAP deferrals $ 0.03 $ 0.01 $ 0.01

* "Non-GAAP (redefined)" includes the net effect of revenue deferrals accounting treatment on certain of our online enabled products. Please refer to our July 29, 2016 call and materials for additional information.

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