AB(US:ATVI)2020-08-05 08:12Second Quarter 2020 Financial Performance - Q2 GAAP revenues reached $1.93 billion, exceeding the guidance of $1.69 billion[10] - Q2 net bookings amounted to $2.08 billion, surpassing the guidance of $1.68 billion[10] - Q2 GAAP EPS was $0.75, compared to the guidance of $0.54[10] - Q2 non-GAAP EPS reached $0.81, exceeding the guidance of $0.64[10] Segment Results - Activision's Q2 net revenues were $993 million, with a 56% operating margin[22] - Blizzard's Q2 net revenues were $461 million, with a 44% operating margin[22] - King's Q2 net revenues were $553 million, with a 38% operating margin[22] Key Growth Drivers and Metrics - Activision Blizzard had over 425 million players in Q2, with over 100 million players each in EMEA, Asia-Pacific, and the Americas[11] - Call of Duty saw an eight-fold year-over-year increase in hours played in the Modern Warfare universe in Q2[14] - Call of Duty in-game net bookings more than doubled quarter-over-quarter and were approximately five times higher than the prior year quarter[14] - King had 271 million monthly active users (MAUs) in Q2, with Candy Crush experiencing double-digit MAU growth[19] Balance Sheet - Cash and investments totaled $6.46 billion as of June 30, 2020[27] - Gross debt remained at $2.70 billion as of June 30, 2020[27]