Activision Blizzard (NASDAQ: ATVI) has a habit of under promising and over delivering. The video game developer this week announced second-quarter results, and — for the sixth consecutive time — the headline numbers came in ahead of management’s guidance.
The owner of hit franchises like Call of Duty and World of Warcraft set new second-quarter records on the top and bottom lines while raising its outlook for the full year.
More on that brightening outlook in a moment. First, let’s look at the latest operating trends.