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Activision Blizzard Announced Third Quarter 2012 Financial Results

Activision Blizzard has announced its third quarter financial results ending on September 30. The company delivered record GAAP net revenues of $841 million, compared to $754 million from last year’s third quarter.

On a non-GAAP basis, Activision Blizzard’s net revenues also increased from $627 million for the third quarter of last year to $751 million for the third quarter of this year.

The company reported an increase in both its GAAP and non-GAAP earnings per diluted share. For its third quarter, the company’s GAAP earnings per diluted share went up from $0.13 from last year’s third quarter to $0.20 this year. On a non-GAAP basis, the company delivered record earnings per diluted share of $0.15  compared with $0.07 for the third quarter of last year.

Both GAAP and non-GAAP results include a one-time tax benefit of $46 million, or $0.04 per diluted share, resulting from the closure of an IRS audit related to pre-merger net operating losses from Vivendi Games.  For more information, click here.