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Activision-Blizzard Stocks Soar in Quarter 3 2016

Posted Nov 03, 2016 by Suzie Ford

Activision-Blizzard Stocks Soar in Quarter 3 2016

Activision-Blizzard has had a banner quarter with non-GAAP earnings per share up 145% over the same quarter in 2015 and 58% over 2015 in overall non-GAAP revenue. The non-GAAP earnings for Q3 2016 is $1.57B as compared to $990M in 2015. The earnings were anchored by strong showings for both Overwatch and World of Warcraft: Legion.

  • WoW sold 3.3M copies of Legion on day 1
  • Hearthstone set a record for quarterly active users and featured a double-digit increase since last year
Kotick added, “We continue to see enthusiasm from our global audiences for our key franchises including Call of Duty, Destiny, Candy Crush and World of Warcraft, plus our newest franchise – Overwatch, which after only about four months had already reached over 20 million players and has incredible player engagement. Looking forward, we expect continued momentum from all of our growth strategies, especially our esports initiatives and our integration of in-game advertising.”
 
Read more at VentureBeat.com
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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom

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