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August 3, 2012 12:36 am GMT

Activision Q2 Beats The Street Again On $1.08B Revenue And $0.16 EPS, Raises Outlook

ActivisionActivision Blizzard announced its second quarter results today, coming in above estimates with net revenues at $1.08 billion, compared to $1.15 billion for the second quarter 2011. On a non-GAAP basis, net revenues were $1.05 billion, compared to $699 million for Q2 2011. Meanwhile, net revenue from digital channels was $343 million and represented 32 percent of the company's total revenues, up from a 27 percent-share last quarter. Earnings per share came in at $0.16, as compared to $0.29 for Q2 2011, and on a non-GAAP basis, EPS was $0.20, as compared to $0.10 in Q2 2011.The consensus on Wall Street was that Activision would see 18.7 percent revenue growth and 20 percent earnings-per-share growth to $829.7 million and $0.12, respectively. For the first quarter (the period ending March 31st), the company's net revenues were $1.17 billion, with net revenues at $587 million and EPS at $0.33. So, all in all, Activision beat estimates, the fifth quarter in a row they've done so. And based on better-than-expected second quarter results, the company is raising its calendar year net revenue and earnings per share outlook.

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