Activision Blizzard Soars on Record Earnings

Now that’s the way to end a week: After posting record revenue for both the fourth quarter and full year 2016, Activision Blizzard (NASDAQ: ATVI) shares opened trading Friday up 16%, and for good reason. On a generally accepted accounting principles (GAAP) basis, which is how Activision Blizzard now reports its financial results — video game industry analysts include deferred sales revenue, a common reporting method until recently — the company generated $2 billion in sales in Q4, an impressive 49% year-over-year increase. …read more

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