This excerpt taken from the ATVI 8-K filed Nov 5, 2009.
THIRD QUARTER CY 2009 FINANCIAL RESULTS
Company Calendar Year Financial Outlook Remains Unchanged
Santa Monica, CA November 5, 2009 Activision Blizzard, Inc. (Nasdaq: ATVI) today announced better-than-expected financial results for the third quarter 2009.
For the quarter ended September 30, 2009, Activision Blizzards GAAP net revenues were $703 million, as compared to the companys prior GAAP net revenue outlook of $680 million. On a non-GAAP basis, the companys net revenues were $755 million, as compared with its prior non-GAAP net revenues outlook of $700 million.
For the quarter ended September 30, 2009, Activision Blizzards GAAP earnings per diluted share were $0.01, as compared to its prior GAAP loss per diluted share outlook of $0.03. On a non-GAAP basis, the companys earnings per diluted share were $0.04, as compared to its prior non-GAAP earnings per diluted share outlook of $0.03.
The company reports results on both a GAAP and a non-GAAP basis. Please refer to the tables at the back of this press release for a reconciliation of the companys GAAP and non-GAAP results.
Robert Kotick, CEO of Activision Blizzard, stated, Our performance was driven by positive audience response to Activision Publishings Guitar Hero 5Ô, MarvelÔ: