Activision Blizzard (ATVI) Tops Q3 EPS by 2c

Activision Blizzard (NASDAQ: ATVI) reported Q3 EPS of $0.52, $0.02 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.66 billion.

• Activision Blizzard had 345 million Monthly Active Users (MAUs)C in the quarter.
• King had 262 million MAUsC in the quarter. Candy Crush Saga™ MAUsC grew year-over-year. In October, the newly launched Candy Crush Friends Saga reached the top of the iPhone download charts in 93 countries within three weeks.
• Blizzard had 37 million MAUsC in the quarter. World of Warcraft: Battle for Azeroth set a new day-one franchise record with more than 3.4 million units sold-through. World of Warcraft engagement grew strongly quarter-over-quarter. Hearthstone® recently surpassed the 100 million life-to-date registered player milestone.
• Activision had 46 million MAUsC in the quarter. Destiny MAUsC grew quarter-over-quarter and year-over-year, driven by the launch of Forsaken and reach initiatives for the base game. Activision MAUsC increased significantly in October following the launch of Call of Duty: Black Ops 4. In the first three weeks after launch, Black Ops 4 sold-through more units than Black Ops III, with PC sell-through more than three times higher. Additionally for the first three weeks after launch, total active users and hours played were 16% and over 20% higher respectively, versus Black Ops III.

GUIDANCE:

Activision Blizzard sees FY2018 EPS of $2.58, versus the consensus of $2.62. Activision Blizzard sees FY2018 revenue of $7.475 billion, versus the consensus of $7.48 billion.

For earnings history and earnings-related data on Activision Blizzard (ATVI) click here.

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