ATVI Q1 2016 Earnings

On May 5, Activision Blizzard reported Q1 2016 GAAP Earnings per share of $0.45 and Revenue of $1.46 billion. They reported non-GAAP EPS of $0.23 and Revenue of $812.1 million, exceeding analyst’s expectations of $0.12 and $812.12 million, respectively. The company reported strong Monthly average users (MAUs), totaling 544 million. Total MAUs can be broken down as follows: Activision- 55 million, up 10% from last year, Blizzard- 26 million, up 23%, and King- 463 million, up 3% from the previous quarter. Activision also continues to have four of the top 10 games on next-gen consoles, and King had three of the top 15 grossing titles in U.S. mobile app stores for the ninth consecutive quarter. Activision Blizzard didn’t have any major new releases during the first quarter, but did issue a second expansion pack for its highly popular “Call of Duty: Black Ops III”. ATVI shares were up 4.1% at $36.35 in after-hours trading, up from its closing price of $34.85. The stock ended the week strong, closing the post earnings trading session at $37.45.