Categories AlphaGraphs, Earnings, Leisure & Entertainment

ATVI Earnings: Activision Blizzard Q2 earnings jump; revenue up 34%

Activision Blizzard, Inc. (NASDAQ: ATVI) reported a sharp increase in earnings for the second quarter of 2023 when the video game publisher’s revenues climbed 34%.

Activision Blizzard Q2 2023 earnings infographic

Second-quarter net revenues increased 34% from last year to $2.21 billion. At $2.46 billion, net bookings were up 50% during the three-month period.

Net income increased sharply to $587 million or $0.74 per share in the June quarter from $280 million or $0.36 per share in the same period of last year. Adjusted profit increased by 90% to $0.91 per share.

“This quarter, our talented teams delivered strong performance for our players and shareholders. We delivered a 50% year-over-year increase in net bookings, operating income growth over 70%, earnings per share growth over 80%, and a record quarter for Blizzard with over $1 billion in net bookings for the first time,” said Activision’s CEO Bobby Kotick.

Prior Performance

  • Activision Blizzard Q4 2022 earnings infographic
  • Activision-Blizzard-Q3-2022-Earnings-Infographic
  • Activision Blizzard Q2 2022 Earnings Infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

LandBridge Company gears up to raise $319 million in US IPO

LandBridge Company LLC, which is engaged in the acquisition of oil properties, is preparing to become a public entity by listing on the New York Stock Exchange through an initial

A look at the performance of Philip Morris’ (PM) smoke-free business

Shares of Philip Morris International Inc. (NYSE: PM) stayed red on Monday. The stock has gained 7% over the past three months. The company has been seeing its smoke-free business

Kroger (KR) to report Q1 earnings on Thursday. Here’s what to expect

Grocery chain The Kroger Co. (NYSE: KR) is preparing to report financial results for the first three months of fiscal 2024, with market watchers forecasting a modest outcome. Betting on

Add Comment
Viewing Highlight