Recap: Activision Blizzard Q3 Earnings

Shares of Activision Blizzard ATVI decreased 6.1% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 121.87% year over year to $0.71, which beat the estimate of $0.65.

Revenue of $1,767,000,000 rose by 45.55% year over year, which beat the estimate of $1,690,000,000.

Guidance

Activision Blizzard Sees Q4 Adj. EPS $$0.63 (Including $0.46 Impact From GAAP Deferrals), Net Sales $2.001B

Activision Blizzard Sees CY20 Adj. EPS $3.08 (Including $0.27 In GAAP Deferrals), Net Sales $7.675B

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/hq2vivwt

Recent Stock Performance

52-week high: $87.73

Company's 52-week low was at $50.51

Price action over last quarter: down 11.05%

Company Profile

Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years.