August 5, Activision Blizzard today announced fiscal 2016 second quarter earnings. The report shows that Activision Blizzard second quarter net revenues of $ 1.57 billion, up 50 percent from $ 1.044 billion the same period last year; net profit of $ 127 million, fell 40 percent from $ 212 million the same period last year. At the same time, Activision Blizzard second quarter adjusted earnings per share grew and exceeded Wall Street analysts had expected, so as to promote its after-hours stock price rose more than 1%.
In the quarter ended June 30, and Activision Blizzard's net revenues of $ 1.57 billion, up 50 percent from $ 1.044 billion the same period last year. Among them, the digital channels from the net revenue of $ 1.14 billion, an increase of 101%, growth of 23%, the highest quarterly revenue record.
Divided by business unit, revenue Activision Blizzard second quarter product sales of $ 501 million, down from last year's $ 528 million; subscriptions, licensing and other business revenue was $ 1.069 billion, far higher than the same period last year of $ 516 million.
Activision Blizzard second quarter total costs and expenses were $ 1.338 billion, higher than last year's $ 712 million. Among them, the product cost of $ 149 million, higher than last year's $ 147 million; game operators and distribution costs of $ 241 million, higher than last year's $ 61 million; product development costs 249 million US dollars, higher than last year $ 149 million; sales and marketing expenses were $ 322 million, up from $ 164 million last year; General and administrative expenses were $ 169 million higher than last year's $ 102 million. Results The total costs and expenses grew that the company's second quarter operating profit of $ 232 million, down from $ 332 million a year earlier.
This quarter, Activision Blizzard net profit of $ 127 million, fell 40 percent from $ 212 million the same period last year; earnings per share were 17 cents, down from 29 cents a year earlier. Excluding certain one-time items (not in accordance with GAAP), Activision Blizzard adjusted to redefine the second quarter earnings per share of 45 cents, up 45 percent from 31 cents a year earlier. Excluding certain one-time items (not in accordance with GAAP), Activision Blizzard second quarter, according to the previous definition of adjusted earnings per share of 54 cents, 13 cents higher than a year earlier, exceeding analysts had expected. Thomson Reuters survey, analysts on average expected Activision Blizzard second quarter earnings per share of 42 cents.
Activision Blizzard expects third quarter fiscal year 2016 the company's net revenue of $ 1.49 billion, earnings per share of $ 0.06, not adjusted according to redefine US GAAP earnings per share will reach 0.39 after dollars.
At the same time, Activision Blizzard has raised its full-year outlook. The company now expects net revenues in fiscal year 2016 will reach 6.4 billion US dollars, earnings per share of $ 0.87, not adjusted in accordance with US GAAP redefined after earnings per share of $ 1.83,
Day, Activision Blizzard shares rose in regular trading on the Nasdaq of $ 0.45 to close at $ 40.83, up 1.11%. In the ensuing at 18:11 US Eastern Time (Beijing time at 6:11 on the 5th) after-hours trading, Activision Blizzard shares rose again to $ 0.42 to $ 41.25, up 1.03%. Over the past 52 weeks, Activision Blizzard's highest price of $ 43.05, the lowest price of $ 24.04.