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Take-Two Interactive Software Inc. reported a better-than-expected outlook and results late Monday as sales gained a holiday boost during the COVID-19 pandemic, and said it was moving past its bid to acquire U.K.-based racing games publisher.
Activision Blizzard, Inc. is currently at $102.12, up $9.44 or 10.18% Would be new all-time high On pace for largest percent increase since Feb. 10, 2017, when it rose 18.88% . | February 7, 2021
Prior outlook was provided by the company on October 29, 2020 in its earnings release.
Please refer to the tables at the back of this earnings release for a reconciliation of the company’s GAAP and non-GAAP results.
For the year ended December 31, 2020, Activision Blizzard’s net revenues presented in accordance with GAAP were $8.09 billion, as compared with $6.49 billion for 2019. GAAP net revenues from digital channels were $6.66 billion. GAAP operating margin was 34%. GAAP earnings per diluted share were $2.82, as compared with $1.95 for 2019. On a non-GAAP basis, Activision Blizzard’s operating margin was 39% and earnings per diluted share were $3.21, as compared with $2.31 for 2019.