Call of Duty publisher Activision Blizzard reported that its third-quarter earnings beat expectations on Wall Street even as gamers held back on spending before this month’s launches of the next-generation video game consoles.
For the three months ended Sept. 30, Activision Blizzard reported net income of 5 cents a share, up from 3 cents a share on a GAAP (generally accepted accounting practices) basis. GAAP revenue was $691 million, down from $841 million a year ago. Non-GAAP earnings were 8 cents a share, compared to 3 cents a year ago. Non-GAAP revenue was $657 million, down from $751 million a year ago.
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