LONDON, November 26, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings coverage on Activision Blizzard Inc. (NASDAQ: ATVI). On November 04, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports [http://www.investor-edge.com/FreeReports ] to read our free earnings review on Activision Blizzard Inc. (Activision Blizzard). During Q3 FY14, Activision Blizzard's non-GAAP net revenues increased to a record $1.17 billion and its non-GAAP EPS also reached a record $0.23 in Q3 FY14, up from $0.08 per share in Q3 FY13. Our free coverage report can be accessed at:

www.investor-edge.com/register [http://www.investor-edge.com/register ]

Earnings Overview

For Q3 FY14, Activision Blizzard reported GAAP net revenues of $753 million compared to $691 million in Q3 FY13. The company's reported revenues fell short of Bloomberg analysts' forecasts of $1,007 million. The company's Q3 FY14 GAAP net revenues from digital online channels stood at $504 million, representing a record 67% of the company's total revenues. On a non-GAAP basis, net revenues from digital online channels stood at $505 million, representing 43% of the company's total revenues. The free research on ATVI can be downloaded as in PDF format at:

www.Investor-Edge.com/ATVIFreeReport [http://www.investor-edge.com/ATVIFreeReport ]

Bobby Kotick, CEO of Activision Blizzard, stated that the company's record Q3 FY14 results were driven by Destiny(R), the biggest new videogame franchise launch of all time, as well as strong sales from Blizzard Entertainment's Diablo(R) III: Reaper of Souls(TM) - Ultimate Evil Edition(TM), Hearthstone(R): Heroes of Warcraft(TM), which now has over 20 million registered players, and World of Warcraft(R), which saw a quarterly increase in subscribers to 7.4 million in anticipation of the upcoming Warlords of Draenor(TM) release.

Activision Blizzard's total cost and expenses during the reported quarter increased to $745 million, from $621 million in Q3 FY13. The company's GAAP operating income fell significantly to $8 million in Q3 FY14 from $70 million in Q3 FY13. During Q3 FY14, Activision reported a GAAP loss of $23 million, or $0.03 per diluted share, which compares to GAAP earnings of $56 million, or $0.05 per diluted share, in Q3 FY13. Analysts from Bloomberg had expected the company to report GAAP net loss of $67 million or $0.06 per share. Sign up and read the free analyst's notes on ATVI at:

www.Investor-Edge.com/ATVI-26112014 [http://www.investor-edge.com/ATVI-26112014 ]

Mr. Kotick said that Activision Blizzard has some of the most important franchises in entertainment and the company expects to continue growing its product portfolio in 2015 with two additional franchises -- Call of Duty Online, which the company expects will enter an unlimited beta test, including virtual item sales, in China during the first quarter, and Blizzard Entertainment's Heroes of the Storm(TM). He further stated that looking ahead, the company has more opportunities than ever before to fuel its growth by creating great content using new platforms and business models while also expanding into new geographies.

Based on its Q3 FY14 results, Activision Blizzard raised its outlook for Q4 FY14 and for FY14. For Q4 FY14, the company expects GAAP and non-GAAP net revenues of $1,492 million and $2,200 million, respectively. On GAAP and non-GAAP basis, the company is expecting Q4 FY14 EPS of $0.28 and $0.86, respectively. Further, for FY14, Activision Blizzard projects GAAP and non-GAAP net revenues of $4,325 million and 4,800 million, respectively. The company is expecting GAAP EPS of $0.91 in FY14, while non-GAAP EPS is expected at $1.35. Visit Investor-Edge and access the latest research on ATVI at:

www.Investor-Edge.com/ATVIEarningsCoverage [http://www.investor-edge.com/ATVIEarningsCoverage ]

Stock Performance

On the day following the earnings release, November 05, 2014, Activision Blizzard's stock surged 4.41%, ending the session at $20.83. The stock has witnessed a mixed momentum since then. On the last close, Tuesday, November 25, 2014, the stock finished at $21.73, up 2.02%. The company's shares oscillated between $21.23 and $21.86 during the session. A total of 11.21 million shares were traded, which was above its three months average volume of 9.00 million shares. Over the previous three trading sessions and last one month, the company's shares have gained 2.94% and 13.35%, respectively. Additionally, the stock has surged 21.87% since from the beginning of 2014. Shares in Activision Blizzard closed above their 50-day and 200-day moving averages of $20.21 and $21.05, respectively. Furthermore, the stock traded at a PE ratio of 24.90 and has a Relative Strength Index (RSI) of 61.46.

Sneak Peek to Corporate Insider Trading

In the last one month, there were 7 insider selling transactions made by 4 individuals. Between November 1, 2014 and November 20, 2014, a total of 108,139 shares have been disposed at an average price of $20.74 per share, worth $2.24 million. On November 01, 2014, Brian G. Kelly, Chairman of the Board of Directors at Activision Blizzard, sold 9,872 shares at $19.95 per share. Between November 08 and November 14, 2014, Michael Morhaime, CEO at Blizzard Entertainment, a subsidiary of Activision Blizzard, disposed 37,981 shares at an average price of $20.48 per share. On November 10, 2014, Stephen G. Wereb, Chief Accounting Officer at Activision Blizzard, sold 7,701 shares at $20.92 per share. Moreover, on November 20, 2014, Eric Hirshberg, President and CEO at Activision Publishing, a subsidiary of Activision Blizzard, disposed 52,585 shares at $21.05 per share. Complimentary in-depth research on ATVI is available at:

www.Investor-Edge.com/ATVIInsiderTrading [http://www.investor-edge.com/ATVIInsiderTrading ]

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