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Activision Blizzard Announces Record Second-Quarter 2020 Financial Results

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rjohnson11
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2020/08/05 06:42:53 (permalink)
https://www.marketwatch.com/press-release/activision-blizzard-announces-record-second-quarter-2020-financial-results-2020-08-04
 
Activision Blizzard, Inc. (Nasdaq: ATVI) today announced record second-quarter 2020 results. "Our mission to connect and engage the world through epic entertainment has never been more meaningful," said Bobby Kotick, Chief Executive Officer of Activision Blizzard. "Our 400 million players continue to experience fun, joy and accomplishment through our games. Our record engagement resulted in greater revenue and earnings per share than previously forecast. While economic uncertainty could have an impact on our near-term results, the initiatives that drove our growth for the first half of the year should also provide the foundation for long-term growth."

For the quarter ended June 30, 2020, Activision Blizzard's net revenues presented in accordance with GAAP were $1.93 billion, as compared with $1.40 billion for the second quarter of 2019. GAAP net revenues from digital channels were $1.59 billion, as compared with $1.09 billion for the second quarter of 2019. GAAP operating margin was 39%. GAAP earnings per diluted share were $0.75, as compared with $0.43 for the second quarter of 2019.
 
Looks like the Blizzard consortium is doing well during the pandemic. 

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#1

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    aka_STEVE_b
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    Re: Activision Blizzard Announces Record Second-Quarter 2020 Financial Results 2020/08/05 07:48:16 (permalink)
    I think I read that was from the latest COD 

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    Hoggle
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    Re: Activision Blizzard Announces Record Second-Quarter 2020 Financial Results 2020/08/05 11:23:10 (permalink)
    aka_STEVE_b
    I think I read that was from the latest COD 




    I think it's also likely that as people have time at home World of Warcraft might have seen a boost as $14.99 is a pretty good deal when you get all the expansions except for the latest. Also they probably have fixed a lot of issues with Warcraft 3 reforged making it worth picking up.

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    robertdinh
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    Re: Activision Blizzard Announces Record Second-Quarter 2020 Financial Results 2020/08/10 11:04:03 (permalink)
    Their practices get worse and their margins go up.
    #4
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