Activision Blizzard Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020	2016 - 2020
Operating Revenue	19,778	20,161	17,107	14,986	22,453	20,126	Upgrade
Other Revenue	165.78	165.78	60.09	42	85.39	59.82	Upgrade
Revenue	19,943	20,326	17,167	15,028	22,538	20,186	Upgrade
Revenue Growth (YoY)	13.45%	18.40%	14.23%	-33.32%	11.65%	51.71%	Upgrade
Cost of Revenue	16,729	17,064	14,261	12,724	19,114	17,241	Upgrade
Gross Profit	3,215	3,262	2,906	2,305	3,425	2,945	Upgrade
Selling, General & Admin	546.65	532.16	523.06	554.98	583.04	573.83	Upgrade
Research & Development	922.46	912.14	703.64	629.65	555.18	471.97	Upgrade
Other Operating Expenses	-222.78	-234.58	-128.59	-51.22	-97.3	-176.56	Upgrade
Operating Expenses	1,263	1,246	1,169	1,118	2,906	951.51	Upgrade
Operating Income	1,951	2,016	1,737	1,187	518.91	1,993	Upgrade
Interest Expense	-166.23	-175.66	-168.54	-191.54	-211.48	-125.33	Upgrade
Interest & Investment Income	87.74	97.67	94.95	41.26	137.7	71.1	Upgrade
Currency Exchange Gain (Loss)	64.33	64.33	24.05	78.78	-5.54	-55.35	Upgrade
Other Non Operating Income (Expenses)	0.67	-11.21	-11.17	-16.75	-19.45	-20.55	Upgrade
EBT Excluding Unusual Items	1,938	1,991	1,676	1,099	420.14	1,863	Upgrade
Impairment of Goodwill	-16.7	-16.7	-31.06	-71.77	-91.63	-97.85	Upgrade
Gain (Loss) on Sale of Investments	-30.07	-30.07	6.07	24.87	13.4	36.27	Upgrade
Gain (Loss) on Sale of Assets	-3.37	-4.74	-1.57	-0.12	-0.11	-0.19	Upgrade
Asset Writedown	-37.03	-7.41	-5.11	-3.57	-7.34	-3.96	Upgrade
Other Unusual Items	60.95	60.95	65	145.53	212.58	97.7	Upgrade
Pretax Income	1,912	1,993	1,710	1,194	547.05	1,895	Upgrade
Income Tax Expense	276.29	261.79	60.41	26.69	143.05	130.73	Upgrade
Earnings From Continuing Operations	1,635	1,731	1,649	1,167	404	1,764	Upgrade
Minority Interest in Earnings	-112.78	-128.92	-60.98	-21.21	-71	-0.94	Upgrade
Net Income	1,522	1,602	1,588	1,146	333	1,763	Upgrade
Net Income to Common	1,522	1,602	1,588	1,146	333	1,763	Upgrade
Net Income Growth	-6.02%	0.89%	38.61%	244.13%	-81.12%	57.51%	Upgrade
Shares Outstanding (Basic)	4,579	4,579	4,538	4,584	4,757	4,522	Upgrade
Shares Outstanding (Diluted)	4,579	4,579	4,538	4,584	4,757	4,522	Upgrade
Shares Change (YoY)	0.90%	0.89%	-0.99%	-3.64%	5.21%	0.97%	Upgrade
EPS (Basic)	0.33	0.35	0.35	0.25	0.07	0.39	Upgrade
EPS (Diluted)	0.33	0.35	0.35	0.25	0.07	0.39	Upgrade
EPS Growth	-6.86%	-	40.00%	257.14%	-82.05%	56.00%	Upgrade
Free Cash Flow	349.35	-31.25	1,569	2,993	67.3	-2,095	Upgrade
Free Cash Flow Per Share	0.08	-0.01	0.35	0.65	0.01	-0.46	Upgrade
Dividend Per Share	0.107	0.107	0.106	0.076	-	-	Upgrade
Dividend Growth	0.94%	0.94%	39.47%	-	-	-	Upgrade
Gross Margin	16.12%	16.05%	16.93%	15.34%	15.19%	14.59%	Upgrade
Operating Margin	9.78%	9.92%	10.12%	7.90%	2.30%	9.87%	Upgrade
Profit Margin	7.63%	7.88%	9.25%	7.63%	1.48%	8.74%	Upgrade
Free Cash Flow Margin	1.75%	-0.15%	9.14%	19.91%	0.30%	-10.38%	Upgrade
EBITDA	2,828	2,856	2,430	1,820	1,056	2,310	Upgrade
EBITDA Margin	14.18%	14.05%	14.16%	12.11%	4.68%	11.44%	Upgrade
D&A For EBITDA	876.81	840.04	692.95	632.84	536.89	316.68	Upgrade
EBIT	1,951	2,016	1,737	1,187	518.91	1,993	Upgrade
EBIT Margin	9.78%	9.92%	10.12%	7.90%	2.30%	9.87%	Upgrade
Effective Tax Rate	14.45%	13.13%	3.53%	2.24%	26.15%	6.90%	Upgrade
Revenue as Reported	19,943	20,326	17,167	15,028	22,538	20,186	Upgrade
Advertising Expenses	-	93.89	122.53	86.31	83.76	91.07	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.