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Activision Blizzard Announces Record Fourth Quarter and Calendar Year 2011 Earnings

FINANCIAL HIGHLIGHTS


- CY 2011 EPS Grows by More than 17% Establishing New Company Record
- Company Achieves Record GAAP and Non-GAAP Operating Margins of 28% and 30%
- Company Generates Nearly $1 Billion in Operating Cash Flow
- Company Announces new $1 Billion Stock Repurchase Program
- Company Announces 9% Increase in Cash Dividend to $0.18 per Common Share
- Company Expects 2012 GAAP EPS of $0.63 and Non-GAAP EPS of $0.94
BUSINESS HIGHLIGHTS
- #1 Third-Party Interactive Entertainment Digital Publisher in U.S. and Europe in 2011
- Digital Revenues of $1.6 Billion Accounted for More than 34% of Total Revenues in 2011
- Call of Duty®: Modern Warfare® 3 was #1 Best-Selling Game for 2011
- Skylanders Spyro's Adventure™ was #1 Kids Video Game for 2011 with 20+ Million Toys Sold
- Call of Duty Elite Has 7+ Million Registered Users Including 1.5+ Million Annual Premium Members as of 1/31/12
- Blizzard Entertainment's World of Warcraft® Remains #1 Subscription-based MMORPG with Approximately 10.2 Million Subscribers as of 12/31/11

http://investor.activision.com/releasedetail.cfm?ReleaseID=647732