Staff or Guest writer for The Dog of Wall Street.

2020-08-05 09:36

Activision Blizzard, Inc. (Nasdaq: ATVI) announced record second-quarter 2020 results.

Here the highlights:

• 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.
• For the quarter ended June 30, 2020, on a non-GAAP basis, Activision Blizzard’s operating margin was 42% and earnings per diluted share were $0.81, as compared with $0.53 for the second quarter of 2019.
• For the quarter ended June 30, 2020, operating cash flow was $768 million. For the trailing twelve-month period, operating cash flow was $2.14 billion.
• For the quarter ended June 30, 2020, Activision Blizzard’s net bookingsB were $2.08 billion, as compared with $1.21 billion for the second quarter of 2019.
• Net bookingsB from digital channels were $1.82 billion, as compared with $1.01 billion for the second quarter of 2019.
• In-game net bookingsC were $1.37 billion, as compared with $778 million for the second quarter of 2019.
• For the quarter ended June 30, 2020, overall Activision Blizzard Monthly Active Users (MAUs)D were 428 million.

Bobby Kotick, Chief Executive Officer of Activision Blizzard said:

“Our mission to connect and engage the world through epic entertainment has never been more meaningful. 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."

Activation Blizzard's Stock has been up 45% year to date.