Activision Blizzard: Q1 revenue down 22%

(CercleFinance.com) - Activision Blizzard's US GAAP net revenues came in at 1.
77 billion dollars for Q1 2022, down 22% from 2.28 billion dollars in Q1 2021.

GAAP net revenues from digital channels reached 1.59 billion dollars. Meanwhile, its GAAP operating margin was 27%. GAAP earnings per diluted share were 0.50 dollar, compared to 0.79 dollar for Q1 2021.

Activision Blizzard's non-GAAP operating margin was 34%, while earnings per diluted share were 0.64 dollar, compared to 0.98 dollar for Q1 2021.

Activision Blizzard generated 642 million dollars cash flow from operations over the quarter, compared to 844 million dollars in Q1 2021.

As announced on 18 January this year, Microsoft plans to acquire Activision Blizzard for $95.00 per share in an all-cash transaction, subject to usual regulatory approval.



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