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500-260 Cisco ASA Express Security

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Hacker documents betray NSA tools for breaching international cash switch device | killexams.com true questions with brain dumps

via: Reuters | Hong Kong/san Francisco | updated: April 17, 2017 9:05 am Shadow Brokers, NSA hacking tools, NSA hacking global money transfer system, NSA hacking documents, Shadow Brokers NSA documents, NSA cyber hacking tools, NSA tools leaks, NSA hacking documents leaked online, What is Shadow brokers

Shadow Brokers, NSA hacking tools, NSA hacking global money transfer system, NSA hacking documents, Shadow Brokers NSA documents, NSA cyber hacking tools, NSA tools leaks, NSA hacking documents leaked online, What is Shadow brokers

Shadow Brokers launched files and information indicating NSA had accessed the SWIFT money-transfer equipment. (image source: AP)

files and computer files launched by means of hackers supply a blueprint for a way the united states country wide protection agency seemingly used weaknesses in commercially available utility to profit entry to the world device for transferring funds between banks, a overview of the records confirmed.

On Friday, a bunch calling itself the Shadow Brokers released files and data indicating NSA had accessed the SWIFT cash-transfer gadget through provider suppliers in the center East and Latin the united states. That free up changed into the latest in a sequence of disclosures by way of the group in contemporaneous months.

Matt Suiche, founding father of cybersecurity solid Comae technologies, wrote in a blog build up that pomp shots indicated some SWIFT affiliates were the expend of windows servers that had been susceptible on the time, in 2013, to the Microsoft exploits posted by the Shadow Brokers. He observed he concluded that the NSA took lore and obtained in that means.

“As soon as they pass the firewalls, they target the machines the expend of Microsoft exploits,” Suiche told Reuters. Exploits are little courses for taking lore of security flaws. Hackers expend them to insert again doorways for persisted entry, eavesdropping or to insert other tools.

“we now fill total of the apparatus the NSA used to compromise SWIFT (by the expend of) Cisco firewalls, windows,” Suiche talked about.

Reuters became now not able to independently investigate the authenticity of the documents released through the hackers. Microsoft mentioned the vulnerabilities and noted that they had been patched. Cisco techniques Inc has previously stated that its firewalls had been susceptible.

Cisco and the NSA did not reply to requests for remark. Belgium-based SWIFT on Friday downplayed the chance of assaults employing the code released through hackers and observed it had no evidence that the main SWIFT network had ever been accessed devoid of authorization.

It turned into viable that the indigenous messaging programs of some SWIFT customer banks had been breached, SWIFT noted in a statement, which didn't primarily point out the NSA.

as a result of tracking sources of terrorist financing and cash flows among criminal groups is a elevated precedence, SWIFT transfers can live a herbal espionage target for many countrywide intelligence companies.

BREACH OF FIREWALLS

A PowerPoint presentation that became a fraction of the most contemporaneous Shadow Brokers liberate suggests the NSA used a device codenamed BARGLEE to breach the SWIFT carrier suppliers’ safety firewalls. The NSA’s respectable seal regarded on probably the most slides within the presentation, although Reuters could not independently determine the authenticity of the slides.

The coast pointed out ASA firewalls. Cisco is the simplest company that makes ASA firewalls, in keeping with a Cisco worker who spoke on situation of anonymity. ASA stands for Adaptive safety appliance and is a combined firewall, antivirus, intrusion prevention and virtual private network, or VPN.

documents protected in the Shadow Brokers free up suggest that the NSA, after penetrating the firewall of the SWIFT service providers, used Microsoft exploits to goal the computers interacting with the SWIFT community, Comae technologies’ Suiche stated.

The Al Quds fiscal institution for development and investment, as an instance, turned into running a windows 2008 server that on the time became liable to newly disclosed home windows exploits, he spoke of. Microsoft late on Friday noted it had determined that prior patches to dozens of software types had fastened the failings that apparently were exploited by means of 9 of the NSA classes.

4 of the vulnerabilities were blocked by using finished updates on March 14. That left simplest older, unsupported versions of home windows operating techniques and exchange electronic mail servers in danger to 3 of the newly launched exploits, the traffic talked about.

earlier Friday, Microsoft had mentioned the traffic had not been warned via the executive or different outsiders about the stolen classes.

Microsoft declined to pretension how it realized of the exploits with out backyard assist. The enterprise’s protection systems are in a position to detecting assaults in opposition t consumers, and Microsoft during the past has monitored discussion about exploits on the information superhighway and also hired former intelligence company veterans to assist it devise programming to give protection to its utility from encroachment.

The NSA focused nine computing device servers at a SWIFT contractor, Dubai-based service bureau EastNets, in response to the documents. the united states intelligence agency then used traces of code to question the SWIFT servers and Oracle databases dealing with the SWIFT transactions, in keeping with the documents.EastNets on Friday denied it had been hacked.

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Cisco waves swatter at ten original vulnerabilities | killexams.com true questions with brain dumps

prevalent Plug-and-Play remains a gift-that-keeps-on-giving for infosec researchers, with Cisco aphorism a crucial vulnerability in the software that plagues its CVR100W instant VPN router.

since the CVR100W would not entirely range-examine UPnP enter facts, an attacker can crash the machine, perhaps getting entry to a root shell.

Cisco's advisory says: “This vulnerability influences total firmware releases of the Cisco CVR100W wireless-N VPN Router in advance of Firmware free up 1.0.1.22”.

The computer virus turned into suggested by GeekPwn and has been patched.

Switchzilla's Wednesday patchfest this week additionally includes three security vulnerabilities given a elevated score:

  • A denial-of-service trojan horse in routers working IOS XR: the sustain management carrier Daemon has a worm in gRPC request dealing with that can also live exploited to crash the unit;
  • TelePresence has a “ping of dying” trojan horse in its ICMP packet ingress processing, on both IPv4 and IPv6 traffic;
  • Aironet 1800, 2800 and 3800 access features fill a plug-and-play vulnerability. while PNP can also live crashed via to a root shell, PNP is barely vigorous on unconfigured instruments.
  • There are additionally medium-rated bugs in Cisco's broad enviornment software functions; the FirePOWER module in Firepower danger defense and ASA; its Unified Contact middle commercial enterprise Finesse notification provider; the entry handle list for CVR100W wireless routers; the solidarity Connection voicemail equipment; and win in handle with supervisor express. ®


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    500-260 Cisco ASA Express Security

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    SANTA MONICA, Calif.--(business WIRE)--Activision Blizzard, Inc. (Nasdaq: ATVI) these days announced listing fourth quarter and entire yr revenue per share.

      Fourth Quarter     Calendar 12 months (in hundreds of thousands, except EPS)   2014   Prior

    Outlook*

      2013       2014     2013

    GAAP

          net Revenues $ 1,575 $ 1,492 $ 1,518 $ 4,408 $ 4,583 EPS   $ 0.49   $ 0.28   $ 0.22     $ 1.13   $ 0.95

    Non-GAAP

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    *Prior outlook turned into provided by the company on November 4, 2014 in its income unlock

    For calendar 12 months 2014, Activision Blizzard delivered listing non-GAAP earnings per diluted participate of $1.forty two, as in comparison with $0.ninety four per diluted participate for 2013. On a GAAP groundwork, the enterprise delivered listing revenue per diluted participate of $1.13, as compared with $0.95 per diluted participate for 2013.

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    For the quarter ended December 31, 2014, Activision Blizzard’s non-GAAP income per diluted participate were a checklist $0.ninety four, as in comparison with $0.seventy nine for the fourth quarter of 2013. On a GAAP groundwork, the enterprise’s profits per diluted participate were a listing $0.49, greater than double the earnings per diluted participate of $0.22 for the fourth quarter of 2013.

    For the quarter ended December 31, 2014, the enterprise delivered non-GAAP internet revenues of $2.21 billion, as in comparison with $2.27 billion for the fourth quarter of 2013. On a GAAP groundwork, the company’s internet revenues fill been $1.58 billion, as in comparison with $1.fifty two billion for the fourth quarter of 2013.

    Please consult with the tables at the back of this press release for a reconciliation of the business’s GAAP and non-GAAP consequences.

    Bobby Kotick, Chief executive Officer of Activision Blizzard, stated, “2014 turned into one more a success yr as they accomplished list consequences and added original franchises with brilliant gameplay, extended on wonderful original enterprise models and persevered investing in one of the world’s most essential entertainment franchises. They delivered list earnings per participate which increased more than 50% from the outdated 12 months, double-digit revenue growth, and list high-margin digital revenues that signify an all-time elevated of forty six% of total revenues (all non-GAAP).”

    Kotick, delivered, “We multiplied their franchise portfolio by launching two of the industry’s most a hit original manufacturers, Blizzard’s Hearthstone®: Heroes of Warcraft™, and the largest original IP launch in trade background, destiny®. mixed, these franchises attracted over forty million registered players worldwide and generated more than $850 million in non-GAAP revenue.1 This year, they are expecting to extend their franchise portfolio to 10 blockbusters, up from 5 franchises in the genesis of 2014. Their amazingly expert teams will proceed to provide the area’s optimum content for gamers.”

    Kotick, persisted, “we fill a transforming into portfolio of the very best franchises and exquisite self assurance in their future. Their Board has once again accelerated their dividend, authorized a $750 million participate repurchase application and the repayment of another $250 million of their debt, and we've back almost $10 billion to their shareholders in dividends and repurchases considering the fact that 2008.”

    chosen traffic Highlights:

  • In North the usa and Europe mixed, Activision Publishing was the #1 retail publisher and had three of the exact 5 top of the line-promoting original releases for the calendar year — #1 convene of obligation®: advanced warfare, #three destiny, and #5 Skylanders® lure crew.2
  • Activision Publishing’s denomination of responsibility: superior warfare became the #1 right-selling console online game globally for the calendar 12 months.three moreover, in 2014, convene of duty was the #1 franchise in North america for the sixth year in a row.4Call of responsibility franchise revenues now exceed $eleven billion in retail income worldwide since it first launched in 2003.5
  • Activision Publishing’s destiny become probably the most a success launch of a brand original video video game franchise in historical past.2Destiny was additionally the #1 right-promoting original video video game IP and the #three exact-selling original free up in North the usa and Europe, combined, for the calendar yr.2 so far, fate has greater than sixteen million registered users and lively players are enjoying the video game an ordinary of over three hours per day.
  • Activision Publishing’s Skylanders lure crew became the #1 excellent-selling children console online game globally for the calendar 12 months. For the third consecutive yr, Skylanders was the #1 children video game franchise of the 12 months in the U.S., and globally.three
  • At BlizzCon® on November 7, 2014, Blizzard enjoyment introduced a brand original highbrow property, Overwatch™ — a incredibly purchasable multi-player online game featuring an incredible solid of heroes and set in an all-new Blizzard video game universe.
  • On November 13, 2014, Blizzard entertainment launched Warlords of Draenor™, the fifth growth for the #1 subscription-based mmo in the world, World of Warcraft®. The expansion offered-through greater than 3.three million copies as of the primary 24 hours of its availability and helped power World of Warcraft to more than 10 million international subscribers on the pause of 2014.
  • On December 8, 2014, Blizzard amusement launched Goblins vs Gnomes™, the primary expansion for Hearthstone: Heroes of Warcraft. The unlock of Hearthstone: Heroes of Warcraft on Android tablets followed on December 15, 2014.
  • company Outlook:

    On January eleven, 2015, Activision Publishing and Tencent launched a public open beta for denomination of duty®online, making the online game purchasable to thousands and thousands of chinese language gamers. The open beta marks a ancient first for the convene of responsibility collection as it expands into the world’s greatest gaming market.

    On January 13, 2015, Blizzard entertainment total started the closed beta study at various for Heroes of the Storm™, its upcoming free-to-play online crew brawler that includes iconic heroes from more than two decades of Blizzard gaming background. so far, greater than 9 million gamers fill signed as much as beta study at various the video game.

    On January 27, 2015, Activision Publishing launched the first DLC for denomination of duty®: superior war – Havoc, obtainable first on the Xbox reside online leisure network from Microsoft for Xbox One and Xbox 360. The DLC presents 4 original multi-player maps, unique weapon, customized weapon variant and a brand original zombies cooperative mode referred to as Exo Zombies.

    In January 2015, Blizzard amusement’s Hearthstone: Heroes of Warcraft reached greater than 25 million registered avid gamers.

    additionally, in 2015, Blizzard leisure expects to launch beta checking out Overwatch.

    Given the huge weakening of alien currency echange versus the U.S. dollar, the business’s 2015 alien revenues and salary are anticipated to live translated at lots lessen costs than in 2014. this could fill an effect on the business’s 2015 outlook as compared to 2014 genuine consequences given about 50% of the enterprise’s revenues, and an improved percentage of profits, are generated outdoor the U.S. survey reconciliation table, below.

    Activision Blizzard’s first quarter and calendar yr 2015 outlook is, as follows:

    (in tens of millions, apart from EPS)

     

     

    GAAPOutlook

     

    Non-GAAPOutlook

     

     

    CY 2015

    internet Revenues

    $ four,140 $ 4,400 EPS $ 0.89 $ 1.15 thoroughly Diluted Shares** 750 750  

    Q1 2015

    web Revenues

    $ 1,a hundred and forty $ 640 EPS $ 0.37 $ 0.05 totally Diluted Shares** 745 745  

    here desk reconciles their CY14 exact salary per participate to CY15 outlook profits per share.

    EPS     GAAP       Non-GAAP CY14 – Actuals $ 1.13   $ 1.forty two Slate / Operations*** 0.01 (0.05 ) foreign alien money (0.17 ) (0.14 ) Tax fee & participate count   (0.08 )   (0.08 ) CY15 – Outlook $ 0.89 $ 1.15  

    currency Assumptions for 2015 Outlook:

  • $1.13 USD/Euro (vs. a $1.33 gauge for 2014)
  • $1.fifty one USD/British Pound Sterling (vs. a $1.65 gauge for 2014)
  • salary and EPS boost if the Euro or British Pound Sterling strengthens vs. USD
  • ** utterly diluted weighted ordinary shares encompass taking fraction securities and dilutive options on a weighted common basis.*** For GAAP intention, it comprises the internet trade in deferred net revenues and related can imbue of sales.

    Board Authorizes stock Repurchase software and Debt repayment and publicizes cash Dividend

    The company also announced that its Board of directors authorized a original two-year inventory repurchase application under which the enterprise is approved to repurchase as much as $750 million of its fabulous regular inventory throughout the era from February 9, 2015 via February eight, 2017.

    additionally, the traffic announced that its Board of administrators has permitted a compensation of $250 million of the business’s fabulous “time era mortgage B,” which is expected to Take dwelling total over the primary quarter of 2015.

    The Board of directors also declared a cash dividend of $0.23 per typical share, payable on may also 13, 2015 to shareholders of list on the near of company on March 30, 2015, which represents a 15% boost from 2014.

    convention name

    nowadays at four:30 p.m. EST, Activision Blizzard’s administration will host a conference denomination and Webcast to discuss the enterprise’s results for the quarter ended December 31, 2014 and administration’s outlook for 2015. The traffic welcomes total participants of the fiscal and media communities and other fascinated parties to visit the “Investor family members” belt of www.activisionblizzard.com to listen to the conference denomination via reside Webcast or to Take heed to the denomination live by using dialing into 877-741-4239 within the U.S. with passcode 3638929.

    About Activision Blizzard

    Activision Blizzard, Inc. is the biggest and most profitable western interactive entertainment publishing enterprise. It develops and publishes one of the vital most successful and beloved amusement franchises in any medium, including denomination of responsibility, convene of responsibility online, fate, Skylanders, World of Warcraft, StarCraft®, Diablo®, and Hearthstone.

    Headquartered in Santa Monica, California, it continues operations during the U.S., Europe, and Asia. Activision Blizzard develops and publishes video games on total main interactive platforms and its video games are available in most nations total over. more suggestions about Activision Blizzard and its items will also live organize on the company's web site, www.activisionblizzard.com.

    1During calendar 12 months 2014, combined GAAP revenues from Hearthstone: Heroes of Warcraft and destiny fill been greater than $450 million. The change in GAAP and non-GAAP revenues represents the net alternate in deferrals of revenues of approximately $400 million.2 The NPD neighborhood and GfK Chart-track, including toys and accessories3 The NPD community and GfK Chart-song and Activision Blizzard inside estimates, together with toys and accessories4 The NPD Group5 The NPD neighborhood and GfK Chart-track

    Subscriber Definition: World of Warcraft subscribers encompass individuals who've paid a subscription imbue or fill an energetic pay as you retrograde card to play World of Warcraft, in addition to those that fill bought the video game and are within their free month of access. web online game room gamers who fill accessed the video game over the closing thirty days are also counted as subscribers. The above definition excludes total players below free promotional subscriptions, expired or cancelled subscriptions, and expired pay as you retrograde playing cards. Subscribers in licensees' territories are described along the equal rules.

    Non-GAAP fiscal Measures: As a complement to their fiscal measures offered in keeping with often authorized Accounting ideas (“GAAP”), Activision Blizzard items inevitable non-GAAP measures of monetary performance. These non-GAAP monetary measures don't appear to live intended to live considered in isolation from, as an alternative preference to, or as greater notable than, the economic suggestions prepared and offered in keeping with GAAP. in addition, these non-GAAP measures fill boundaries in that they finish not mirror total of the objects associated with the business’s results of operations as decided in keeping with GAAP.

    Activision Blizzard gives net revenues, net earnings (loss), salary (loss) per participate and operating margin statistics and counsel both together with (in line with GAAP) and excluding (non-GAAP) inevitable objects. furthermore, Activision Blizzard offers EBITDA (described as GAAP net income (loss) earlier than activity (profits) cost, income taxes, depreciation and amortization) and adjusted EBITDA (described as non-GAAP operating margin (see non-GAAP economic measure below) before depreciation). The non-GAAP fiscal measures exclude here items, as applicable in any given reporting duration:

  • the exchange in deferred revenues and connected cost of revenue with admire to inevitable of the company’s on-line-enabled video games;
  • charges related to stock-based compensation;
  • the amortization of intangibles from buy expense accounting;
  • expenses and different charges (including prison costs, charges, costs and accruals) concerning the acquisition of 429 million shares of their typical inventory on October 11, 2013 from Vivendi, pursuant to the stock buy settlement dated July 25, 2013 and the $four.75 billion debt financings related thereto; and
  • the income tax adjustments associated with any of the above items.
  • in the future, Activision Blizzard may also also believe whether different great non-habitual gadgets should quiet also live excluded in calculating the non-GAAP monetary measures used through the enterprise. management believes that the presentation of these non-GAAP monetary measures offers traders with additional positive recommendation to measure Activision Blizzard’s fiscal and working performance. In certain, the measures facilitate evaluation of operating performance between periods and support buyers to stronger Take into account the working consequences of Activision Blizzard by using apart from distinct items that may also now not live indicative of the enterprise’s core company, working effects or future outlook. Internally, management makes expend of these non-GAAP monetary measures in assessing the enterprise’s working results, and measuring compliance with the necessities of the company’s debt financing agreements, as well as in planning and forecasting.

    Activision Blizzard’s non-GAAP economic measures aren't in accordance with a complete set of accounting rules or ideas, and the phrases non-GAAP internet revenues, non-GAAP web revenue, non-GAAP revenue per share, non-GAAP working margin, and non-GAAP or adjusted EBITDA wouldn't fill a standardized that means. hence, other companies may expend the very or in a similar mode named measures, but exclude different items, which may additionally no longer provide traders a comparable view of Activision Blizzard’s performance in the case of other agencies.

    management compensates for the limitations as a result of the exclusion of those items by means of when you respect that the fill an effect on of the objects one after the other and by means of because Activision Blizzard’s GAAP, in addition to non-GAAP, effects and outlook, and with the aid of providing essentially the most similar GAAP measures without delay ahead of non-GAAP measures, and with the aid of presenting a reconciliation that suggests and describes the alterations made.

    besides the motives brought up above, that are commonly germane to each and every of the gadgets Activision Blizzard excludes from its non-GAAP fiscal measures, there are extra specific reasons why the traffic believes it is appropriate to exclude the change in deferred revenues and connected cost of income with recognize to distinct of the business’s on-line-enabled games.

    considering the fact that Activision Blizzard has decided that some of their video games’ on-line performance represents an integral fraction of gameplay and, consequently, a extra-than-inconsequential part deliverable, they recognize revenues attributed to these online game titles over their estimated carrier periods, which may purview from five months to a maximum of less than a yr. The related cost of revenue is deferred and identified as the linked revenues are recognized. Internally, administration excludes the impact of this change in deferred revenues and linked imbue of revenue in its non-GAAP fiscal measures when evaluating the business’s operating efficiency, when planning, forecasting and examining future periods, and when assessing the performance of its management team. administration believes here is appropriate because doing so enables an analysis of efficiency in keeping with the timing of specific transactions with their consumers, which is in step with the manner the traffic is measured via investment analysts and trade statistics sources. furthermore, apart from the change in deferred revenues and the linked can imbue of revenue offers a a remarkable deal more timely indication of traits in their operating outcomes.

    Cautionary word concerning ahead-looking Statements: suggestions in this press release that contains Activision Blizzard’s expectations, plans, intentions or ideas concerning the longer term, together with statements under the heading “company Outlook,” are forward-looking statements inside the that means of the inner most Securities Litigation Reform Act of 1995. Such statements consist of any remark other than a recitation of historical statistics and include, but aren't confined to: (1) projections of revenues, charges, earnings or loss, earnings or loss per share, money stream or other monetary items; (2) statements of their plans and goals, together with those relating to product releases; and (three) statements of future economic or operating efficiency.

    Activision Blizzard often makes expend of phrases, corresponding to “outlook,” “forecast,” “will,” “could,” “may still,” “would,” “to be,” “plan,” “plans,” “believes,” “may additionally,” “might,” “expects,” “intends,” “intends as,” “anticipates,” “estimate,” “future,” “placed,” “abilities,” “mission,” “remain,” “scheduled,” “set to,” “area to,” “upcoming” and different an identical expressions to support determine ahead-looking statements. forward-looking statements are sphere to company and economic possibility, replicate management’s present expectations, estimates and projections about their company, and are inherently unclear and complicated to foretell. Activision Blizzard’s genuine future consequences may vary materially from these expressed within the forward-looking statements set forth during this unencumber. hazards and uncertainties that may additionally fill an effect on their future results encompass, but aren't constrained to, sales levels of Activision Blizzard’s titles, expanding awareness of titles, shifts in customer spending traits, the strike of the current macroeconomic atmosphere, Activision Blizzard’s capability to call customer preferences, together with activity in inevitable genres, corresponding to first-adult motion, vastly multiplayer on-line and “toys to existence” video games, and preferences amongst hardware structures, the seasonal and cyclical nature of the interactive online game market, changing enterprise models, including digital genesis of content material, competitors together with from used games and different kinds of enjoyment, feasible declines in utility pricing, product returns and cost protection, product delays, adoption cost and availability of original hardware (together with peripherals) and connected application, in particular throughout the continuing console transition, swift changes in technology and industry requirements, the latest regulatory environment, litigation risks and linked prices, insurance policy of proprietary rights, renovation of relationships with key personnel, consumers, financing suppliers, licensees, licensors, companies, and third-party builders, including the competence to appeal to, maintain and expand key personnel and builders that can create elevated remarkable titles, counterparty risks concerning shoppers, licensees, licensors and producers, domestic and overseas financial, fiscal and political circumstances and policies, alien exchange prices and tax costs, the identification of appropriate future acquisition alternatives and advantage challenges associated with geographic enlargement, capital market hazards, the break that expected merits related to the transactions involving the repurchase of shares from Vivendi S.A. may no longer materialize as anticipated, the amount of their debt and the limitations imposed with the aid of the covenants within the agreements governing their debt, and the other elements identified in “chance elements” included in fraction I, merchandise 1A of Activision Blizzard’s most contemporaneous annual report on kind 10-okay. The forward-looking statements in this free up are based upon suggestions obtainable to Activision Blizzard as of the date of this release, and Activision Blizzard assumes no responsibility to supplant one of these forward-looking statements. youngsters these forward-looking statements are believed to live uniform when made, they may subsequently betray to live incorrect. These statements are not ensures of the long shun efficiency of Activision Blizzard and are topic to dangers, uncertainties and other elements, a few of which can live beyond its manage and can cause genuine outcomes to vary materially from present expectations.

    ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (quantities in thousands and thousands, apart from per participate records)                         Three Months Ended December 31, year Ended December 31,     2014   2013   2014   2013     web revenues: Product earnings $ 1,094 $ 1,152 $ 2,786 $ 3,201   Subscription, licensing and other revenues 1   481     366     1,622     1,382     total web revenues   1,575     1,518     four,408     four,583     prices and expenses: cost of revenue - product costs 432 502 999 1,053 can imbue of sales - online sixty one 50 232 204 can imbue of revenue - utility royalties and amortization 124 72 260 187 cost of earnings - intellectual property licenses 14 31 34 87 Product construction 184 197 571 584 sales and marketing 247 239 712 606   general and administrative   seventy five     143     417     490     complete fees and costs   1,137     1,234     3,225     3,211   operating revenue 438 284 1,183 1,372 interest and other investment profits (rate), net   (50 )   (fifty one

    )

      (202 )   (fifty three ) profits earlier than profits tax rate 388 233 981 1,319 salary tax price   27     59     146     309   web profits $ 361   $ 174   $ 835   $ 1,010                         simple salary per dispassionate participate 2 $ 0.49 $ 0.23 $ 1.14 $ 0.ninety six Weighted typical regular shares incredible   720     745     716     1,024                         Diluted profits per dispassionate participate 2 $ 0.forty nine $ 0.22 $ 1.13 $ 0.ninety five Weighted typical common shares fantastic assuming dilution   729     757     726     1,035                         1 Subscription, licensing and different revenues represents revenues from World of Warcraft subscriptions, licensing royalties from their items and franchises, cost-delivered services, downloadable content, and different mixed revenues. 2 The traffic calculates salary per participate pursuant to the two-category formulation which requires the allocation of internet salary between regular shareholders and collaborating protection holders. They had, on a weighted-usual foundation, collaborating securities of approximately 12 million and 15 million for the three months and yr ended December 31, 2014, respectively. They had, on a weighted-common basis, participating securities of about 23 million and 24 million for the three months and year ended December 31, 2013, respectively. web income as a result of Activision Blizzard Inc. commonplace shareholders used to cipher profits per regular participate assuming dilution became $355 million and $817 million for the three months and 12 months ended December 31, 2014 as in comparison to total net income of $361 million and $835 million for a similar intervals, respectively. net profits caused by Activision Blizzard Inc. regular shareholders used to cipher earnings per common participate assuming dilution turned into $168 million and $987 million for the three months and year ended December 31, 2013 as compared to total web profits of $174 million and $1,010 million for the very durations, respectively.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED stability SHEETS (Unaudited) (amounts in hundreds of thousands)                   December 31, December 31,         2014     2013   assets         existing assets: cash and money equivalents $ four,848 $ 4,410 short-time era investments 10 33 bills receivable, web 659 510 Inventories, internet 123 171 software building 452 367 intellectual property licenses 5 eleven Deferred profits taxes, web 368 321     other current property   444     418       total latest belongings   6,909     6,241   lengthy-time era investments 9 9 application development 20 21 intellectual property licenses 18 --- Property and gadget, net 157 138 different property 85 35 Intangible assets, net 29 forty three Trademark and alternate names 433 433     Goodwill   7,086     7,092       total property $ 14,746   $ 14,012                 LIABILITIES AND SHAREHOLDERS’ equity         existing liabilities: money owed payable $ 325 $ 355 Deferred revenues 1,797 1,389 gathered fees and other liabilities 592 636     present component of long-time era debt   ---     25       total existing liabilities   2,714     2,405   lengthy-time era debt, internet 4,324 4,668 Deferred earnings taxes, net 114 sixty six     other liabilities   361     251       total liabilities   7,513     7,390   Shareholders’ equity: regular inventory --- --- extra paid-in capital 9,924 9,682 Treasury stock (5,762 ) (5,814 ) Retained income three,374 2,686     accumulated other finished income (loss)   (303 )   68       total shareholders’ equity   7,233     6,622       total liabilities and shareholders’ fairness $ 14,746   $ 14,012     ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF money FLOWS (Unaudited) (amounts in hundreds of thousands)                         yr Ended December 31,         2014   2013         cash flows from operating activities: net revenue $ 835 $ 1,010 alterations to reconcile net salary to net money provided by using working activities: Deferred earnings taxes (forty four ) 161 Provision for inventories 39 33 Depreciation and amortization 90 108 Loss on disposal of property and equipment 1 --- Amortization and write-off of capitalized utility edifice costs and highbrow property licenses (1) 256 207 Amortization of debt discount and debt financing fees 7 1 stock-based mostly compensation expense (2) 104 108 excess tax advantages from inventory awards (39 ) (29 ) changes in working property and liabilities: money owed receivable, net (177 ) 198 Inventories (2 ) 6 application development and intellectual property licenses (349 ) (268 ) other assets 18 (sixty seven ) Deferred revenues 475 (275 ) debts payable (12 ) 7     collected prices and other liabilities   ninety     sixty four     web cash offered through working activities   1,292     1,264     cash flows from investing activities: Proceeds from maturities of purchasable-for-sale investments 21 304 Proceeds from earnings of attainable-for-sale investments --- 98 Purchases of available-for-sale investments --- (26 ) Capital costs (107 ) (74 )   reduce (enhance) in restrained money   2     6     internet cash provided by means of (utilized in) investing activities   (eighty four )   308     money flows from financing actions: Proceeds from issuance of ordinary stock to personnel one hundred seventy five 158 Tax imbue involving internet participate settlements on restricted inventory rights (66 ) (49 ) Repurchase of common inventory --- (5,830 ) Dividends paid (147 ) (216 ) Proceeds from issuance of lengthy-time era debt --- 4,750 reimbursement of long-term debt (375 ) (6 ) payment of debt condense and financing charges --- (59 )   excess tax merits from stock awards   39     29     web money utilized in financing actions   (374 )   (1,223 )   impact of international change cost changes on money and money equivalents   (396 )   102   web boost in money and cash equivalents 438 451   cash and cash equivalents at starting of period   four,410     3,959     cash and cash equivalents at conclusion of period $ 4,848   $ 4,410                     (1) Excludes deferral and amortization of inventory-based compensation cost. (2) comprises the web effects of capitalization, deferral, and amortization of inventory-based mostly compensation cost.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES SUPPLEMENTAL fiscal advice (amounts in millions)                       Three Months Ended year over yr Three Months Ended year over year December 31, March 31, June 30, September 30, December 31, % increase March 31, June 30, September 30, December 31, % enhance 2012 2013 2013 2013   2013 (decrease) 2014 2014 2014   2014 (reduce) cash movement facts working cash circulate $ 976 $ 325 $ 109 $ (50 ) $ 880 (10 )% $ 136 $ 106 $ (145 ) $ 1,195 36 % Capital bills 27 17 19 22 16 (forty one ) 37 25 28 17 6 Non-GAAP Free money Flow2 949 308 90 (seventy two ) 864 (9 ) ninety nine eighty one (173 ) 1,178 36   working cash movement - TTM1 1,345 1,516 1,532 1,360 1,264 (6 ) 1,075 1,072 977 1,292 2 Capital expenses - TTM1 73 eighty two 84 85 74 1 94 100 106 107 forty five Non-GAAP Free cash stream - TTM1 $ 1,272 $ 1,434 $ 1,448 $ 1,275 $ 1,one hundred ninety (6 )% $ 981 $ 972 $ 871 $ 1,185 (0 )%  

    1

    TTM represents trailing twelve months. working money stream for the three months ended December 31, 2012, three months ended September 30, 2012, three months ended June 30, 2012, and three months ended March 31, 2012 become $976 million, $122 million, $ninety three million, and $154 million, respectively. Capital costs for the three months ended December 31, 2012, three months ended September 30, 2012, three months ended June 30, 2012, and three months ended March 31, 2012 become $27 million, $21 million, $17 million, and $eight million, respectively.

    2

    Non-GAAP free money stream represents working cash circulate minus capital expenditures (which contains payment for acquisition of intangible property).   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP web revenue TO NON-GAAP MEASURES (amounts in hundreds of thousands, apart from revenue per participate information)                                           Three Months Ended December 31, 2014   internet salescan imbue of income - Product costs can imbue of revenue - online charge of income - utility Royalties and Amortization cost of sales - highbrow Property Licenses Product developmentSales and marketing commonplace and Administrative complete fees and billsGAAP size $ 1,575 $ 432 $ sixty one $ 124 $ 14 $ 184 $ 247 $ 75 $ 1,137   much less: net effect from deferral of web revenues and related cost of sales (a) 638 112 - 52 (1 ) - - - 163 much less: inventory-based compensation (b) - - - (5 ) - (5 ) (2 ) (17 ) (29 ) much less: Amortization of intangible property (c) - - - - (8 ) - - - (eight ) much less: prices and other prices concerning the buy Transaction and related debt financings (d)   -     -     -     -     -     -     -     36     36   Non-GAAP measurement   $ 2,213   $ 544   $ sixty one   $ 171   $ 5   $ 179   $ 245   $ ninety four   $ 1,299                                                                 Three Months Ended December 31, 2014   working income web revenue simple income per Share

    Diluted Earningsper Share

    GAAP measurement $ 438 $ 361 $ 0.forty nine $ 0.forty nine less: internet impact from deferral of web revenues and related can imbue of sales (a) 475 349 0.48 0.forty seven less: stock-primarily based compensation (b) 29 19 0.03 0.03 much less: Amortization of intangible assets (c) 8 5 0.01 0.01 less: charges and other prices involving the purchase Transaction and connected debt financings (d)   (36 )   (36 )   (0.05 )   (0.05 ) Non-GAAP size   $ 914   $ 698   $ 0.ninety five   $ 0.ninety four   yr Ended December 31, 2014   net salescan imbue of income - Product charges charge of income - online can imbue of sales - application Royalties and Amortization charge of sales - intellectual Property Licenses Product developmentSales and marketing frequent and Administrative complete prices and billsGAAP measurement $ four,408 $ 999 $ 232 $ 260 $ 34 $ 571 $ 712 $ 417 $ three,225   much less: net effect from deferral of web revenues and connected imbue of revenue (a) 405 29 - 161 - - - - a hundred ninety much less: stock-primarily based compensation (b) - - (1 ) (17 ) - (22 ) (eight ) (56 ) (104 ) much less: Amortization of intangible property (c) - - - - (12 ) - - - (12 ) much less: costs and different expenses related to the buy Transaction and linked debt financings (d)   -   -   -     -     -     -     -     (13 )   (13 ) Non-GAAP size   $ 4,813 $ 1,028 $ 231   $ 404   $ 22   $ 549   $ 704   $ 348   $ 3,286                                                                 yr Ended December 31, 2014   operating earnings internet earnings basic salary per Share

    Diluted Earningsper Share

    GAAP measurement $ 1,183 $ 835 $ 1.14 $ 1.13 much less: web impact from deferral of net revenues and linked cost of revenue (a) 215 136 0.19 0.18 less: inventory-based mostly compensation (b) 104 sixty five 0.09 0.09 much less: Amortization of intangible property (c) 12 8 0.01 0.01 much less: expenses and other expenses concerning the buy Transaction and connected debt financings (d)   13   13   0.02     0.02   Non-GAAP size   $ 1,527 $ 1,057 $ 1.44   $ 1.forty two                         (a) displays the net alternate in deferred revenues and connected imbue of revenue. (b) includes cost regarding inventory-based compensation. (c) displays amortization of intangible property from purchase cost accounting. (d) displays fees and other charges (together with legal expenses, charges, costs and accruals) concerning the repurchase of 429 million shares of their typical stock from Vivendi (the "buy Transaction") completed on October 11, 2013 and connected debt financings.                   The traffic calculates profits per participate pursuant to both-category formula which requires the allocation of net profits between typical shareholders and collaborating safety holders. internet income brought on by Activision Blizzard commonplace shareholders used to cipher non-GAAP earnings per regular participate assuming dilution changed into $686 million and $1,034 million for the three months and 12 months ended December 31, 2014 as compared to complete non-GAAP net salary of $698 million and $1,057 million for the very intervals, respectively.   For goal of calculation of earnings per share, they had, on a weighted-common groundwork, typical shares unbelievable of 720 million, taking fraction securities of approximately 12 million, and dilutive shares of 9 million throughout the three months ended December 31, 2014. For direct of calculation of profits per share, they had, on a weighted-usual foundation, gauge shares spectacular of 716 million, participating securities of about 15 million, and dilutive shares of 10 million total the way through the 12 months ended December 31, 2014.   The per participate adjustments are offered as calculated, and the GAAP and non-GAAP salary per participate tips is also offered as calculated. The sum of those measures, as offered, may additionally vary because of the influence of rounding.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP internet revenue TO NON-GAAP MEASURES (amounts in thousands and thousands, apart from earnings per participate records)                                           Three Months Ended December 31, 2013 internet salescost of sales - Product charges cost of sales - on-line can imbue of sales - utility Royalties and Amortization charge of revenue - highbrow Property Licenses Product developmentSales and marketing customary and Administrative total expenses and billsGAAP size $ 1,518 $ 502 $ 50 $ 72 $ 31 $ 197 $ 239 $ 143 $ 1,234   less: web effect from deferral of net revenues and linked imbue of earnings (a) 754 181 - sixty four - - - - 245 less: inventory-based mostly compensation (b) - - - (7 ) - (10 ) (2 ) (15 ) (34 ) much less: Amortization of intangible belongings (c) - - - - (15 ) - - - (15 ) less: fees and different costs concerning the purchase Transaction and connected debt financings (d)   -   -   -   -     -     -     -     (18 )   (18 ) Non-GAAP dimension $ 2,272 $ 683 $ 50 $ 129   $ sixteen   $ 187   $ 237   $ one hundred ten   $ 1,412                                                                     Three Months Ended December 31, 2013 working profits internet income primary salary per Share

    Diluted Earningsper Share

    GAAP measurement $ 284 $ 174 $ 0.23 $ 0.22 much less: web effect from deferral of internet revenues and connected imbue of income (a) 509 401 0.52 0.51 less: inventory-based compensation (b) 34 23 0.03 0.03 much less: Amortization of intangible assets (c) 15 9 0.01 0.01 less: prices and different charges regarding the buy Transaction and connected debt financings (d)   18   14   0.02   0.02   Non-GAAP size $ 860 $ 621 $ 0.81 $ 0.79   year Ended December 31, 2013 internet salescost of income - Product fees can imbue of earnings - on-line can imbue of revenue - software Royalties and Amortization can imbue of earnings - intellectual Property Licenses Product advancementSales and advertising commonplace and Administrative total fees and expensesGAAP size $ 4,583 $ 1,053 $ 204 $ 187 $ 87 $ 584 $ 606 $ 490 $ three,211   much less: internet effect from deferral of internet revenues and connected cost of earnings (a) (241 ) (10 ) - 2 (4 ) - - - (12 ) much less: inventory-based mostly compensation (b) - - - (17 ) - (33 ) (7 ) (fifty three ) (one hundred ten ) less: Amortization of intangible belongings (c) - - - - (23 ) - - - (23 ) much less: fees and other fees involving the purchase Transaction and linked debt financings (d)   -     -     -     -     -     -     -     (seventy nine )   (79 ) Non-GAAP size $ four,342   $ 1,043   $ 204   $ 172   $ 60   $ 551   $ 599   $ 358   $ 2,987                                                                     year Ended December 31, 2013 working earnings net income basic salary per Share

    Diluted Earningsper Share

    GAAP dimension $ 1,372 $ 1,010 $ 0.ninety six $ 0.95 less: web effect from deferral of web revenues and connected cost of earnings (a) (229 ) (one hundred fifty ) (0.14 ) (0.14 ) much less: stock-primarily based compensation (b) a hundred and ten 71 0.07 0.07 much less: Amortization of intangible assets (c) 23 14 0.01 0.01 much less: expenses and other prices concerning the purchase Transaction and connected debt financings (d)   seventy nine     fifty four     0.05     0.05   Non-GAAP size $ 1,355   $ 999   $ 0.ninety five   $ 0.ninety four     (a) reflects the net exchange in deferred revenues and connected imbue of sales. (b) includes expense involving inventory-based mostly compensation. (c) displays amortization of intangible belongings from purchase rate accounting. (d) reflects charges and other expenses (together with prison costs, charges, costs and accruals) involving the repurchase of 429 million shares of their dispassionate stock from Vivendi (the "buy Transaction") achieved on October 11, 2013 and linked debt financings.   The company calculates income per participate pursuant to the two-class system which requires the allocation of web revenue between regular shareholders and participating protection holders. web income attributable to Activision Blizzard Inc. usual shareholders used to cipher non-GAAP revenue per ordinary participate assuming dilution changed into $602 million and $976 million for the three months and yr ended December 31, 2013 as in comparison to total non-GAAP web revenue of $621 million and $999 million for the very periods, respectively.   For goal of calculation of earnings per share, they had, on a weighted-normal foundation, common shares astounding of 745 million, taking fraction securities of approximately 23 million, and dilutive shares of 12 million during the three months ended December 31, 2013. For purpose of calculation of profits per share, they had, on a weighted-common basis, usual shares astonishing of 1,024 million, taking fraction securities of about 24 million, and dilutive shares of 11 million during the 12 months ended December 31, 2013.   The per participate adjustments are presented as calculated, and the GAAP and non-GAAP salary per participate recommendation is additionally presented as calculated. The sum of those measures, as introduced, may additionally fluctuate because of the influence of rounding.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES fiscal guidance For the Three Months and 12 months Ended December 31, 2014 and 2013 (amounts in thousands and thousands)               Three Months Ended December 31, 2014 December 31, 2013 $ increase % enhance quantity % of Total4 amount % of Total4 (reduce) (decrease) GAAP net Revenues by using Distribution Channel Retail channels $ 846 54 % $ 953 sixty three % $ (107 ) (11 )% Digital online channels1   539 34   385   25   154   40 total Activision and Blizzard 1,385 88 1,338 88 47 4   Distribution   one hundred ninety 12   a hundred and eighty   12   10   6 total consolidated GAAP net revenues   1,575 a hundred   1,518   one hundred   fifty seven   four   trade in Deferred Revenues2 Retail channels 492 786 Digital on-line channels1   146   (32 ) complete adjustments in deferred revenues   638   754     Non-GAAP internet Revenues by way of Distribution Channel Retail channels 1,338 60 1,739 77 (401 ) (23 ) Digital on-line channels1   685 31   353   sixteen   332   94 complete Activision and Blizzard 2,023 91 2,092 ninety two (69 ) (3 )   Distribution   one hundred ninety 9   one hundred eighty   eight   10   6 complete non-GAAP web revenues3 $ 2,213 one hundred % $ 2,272   a hundred % $ (59 ) (three )%     yr Ended December 31, 2014 December 31, 2013 $ enhance % raise volume % of Total4 amount % of Total4 (reduce) (lower) GAAP internet Revenues by using Distribution Channel Retail channels $ 2,104 48 % $ 2,701 59 % $ (597 ) (22 )% Digital online channels1   1,897 43   1,559   34   338   22 complete Activision and Blizzard 4,001 91 four,260 93 (259 ) (6 )   Distribution   407 9   323   7   84   26 complete consolidated GAAP web revenues   four,408 100   4,583   a hundred   (a hundred seventy five ) (four )   alternate in Deferred Revenues2 Retail channels 104 (247 ) Digital online channels1   301   6   total alterations in deferred revenues   405   (241 )   Non-GAAP web Revenues by Distribution Channel Retail channels 2,208 46 2,454 57 (246 ) (10 ) Digital on-line channels1   2,198 forty six   1,565   36   633   forty complete Activision and Blizzard 4,406 92 4,019 ninety three 387 10   Distribution   407 8   323   7   eighty four   26 total non-GAAP web revenues3 $ four,813 100 % $ 4,342   100 % $ 471   11 %   1 web revenues from digital on-line channels signify revenues from subscriptions, licensing royalties, price-introduced functions, downloadable content material, digitally allotted items, and wireless contraptions. 2 They provide web revenues together with (according to GAAP) and excluding (non-GAAP) the fill an impact on of adjustments in deferred revenues. three complete non-GAAP internet revenues introduced additionally represents their complete operating segment internet revenues. 4 the odds of complete are offered as calculated. for this judgement the sum of these percentages, as presented, may fluctuate as a result of the fill an impact on of rounding.  

    ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES

    economic guidance For the Three Months Ended December 31, 2014 and 2013 (quantities in tens of millions)     Three Months Ended December 31, 2014   December 31, 2013   $ enhance   % increase amount   % of Total6 quantity   % of Total6 (decrease) (lower) GAAP net Revenues by using phase/Platform mix Activision and Blizzard: Online1 $ 266 17 % $ 198 13 % $ 68 34 % pc 104 7 sixty six four 38 58   next-era (PS4, Xbox One, Wii U) 367 23 seventy nine 5 288 NM Prior-technology (PS3, Xbox 360, Wii)   380 24   666 forty four   (286) (forty three) complete console2   747 forty seven   745 forty nine   2 ---   cellular and other5 268 17 329 22 (sixty one) (19)                 total Activision and Blizzard   1,385 88   1,338 88   forty seven 4   Distribution: complete Distribution   a hundred ninety 12   a hundred and eighty 12   10 6 total consolidated GAAP internet revenues   1,575 100   1,518 one hundred   fifty seven 4   change in Deferred Revenues3 Activision and Blizzard: Online1 132 3 pc 23 45   subsequent-technology (PS4, Xbox One, Wii U) 263 222 Prior-generation (PS3, Xbox 360, Wii)   219   484 total console2   482   706   mobile and other5   1   --- total adjustments in deferred revenues   638   754   Non-GAAP net Revenues through section/Platform combine Activision and Blizzard: Online1 398 18 201 9 197 ninety eight pc 127 6 111 5 sixteen 14   next-era (PS4, Xbox One, Wii U) 630 28 301 13 329

    NM

    Prior-era (PS3, Xbox 360, Wii)   599 27   1,a hundred and fifty fifty one   (551) (forty eight) total console2   1,229 fifty six   1,451 sixty four   (222) (15)   cell and other5 269 12 329 14 (60) (18)                 total Activision and Blizzard   2,023 91   2,092 ninety two   (69) (three)   Distribution: total Distribution   one hundred ninety 9   180 8   10 6 complete consolidated non-GAAP web revenues4 $ 2,213 a hundred % $ 2,272 100 % $ (fifty nine) (3) %   1 Revenues from on-line contains revenues from total World of Warcraft items, together with subscriptions, boxed items, growth packs, licensing royalties, and cost-introduced services. 2 Downloadable content material and their linked revenues are covered in each and every respective console systems and complete console. three They provide net revenues together with (in line with GAAP) and apart from (non-GAAP) the fill an effect on of alterations in deferred internet revenues. four total non-GAAP internet revenues introduced additionally represents their total working segment web revenues. 5 Revenues from cell and different comprises revenues from handheld and cellular gadgets, in addition to non-platform selected online game related revenues such as standalone income of toys and accessories items from the Skylanders franchise and other physical merchandise and add-ons. 6 the odds of complete are offered as calculated. hence the sum of those percentages, as introduced, may also vary as a result of the influence of rounding.  

    ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES

    financial assistance For the year Ended December 31, 2014 and 2013 (amounts in hundreds of thousands)     year Ended December 31, 2014   December 31, 2013   $ boost   % boost amount   % of Total6 quantity   % of Total6 (decrease) (lessen) GAAP web Revenues by segment/Platform mix Activision and Blizzard: Online1 $ 867 20 % $ 912 20 % $ (45 ) (5 ) % computer 551 13 340 7 211 sixty two   subsequent-generation (PS4, Xbox One, Wii U) 720 sixteen 92 2 628 NM Prior-generation (PS3, Xbox 360, Wii)   1,430   32   2,287   50   (857 ) (37 ) complete console2   2,150   forty nine   2,379   52   (229 ) (10 )   cell and other5 433 10 629 14 (196 ) (31 )                 total Activision and Blizzard   four,001   91   4,260   93   (259 ) (6 )   Distribution: complete Distribution   407   9   323   7   84   26 total consolidated GAAP web revenues   four,408   100   four,583   100   (one hundred seventy five ) (4 )   change in Deferred Revenues3 Activision and Blizzard: Online1 168 (107 ) computer forty one (22 )   subsequent-technology (PS4, Xbox One, Wii U) 477 213 Prior-era (PS3, Xbox 360, Wii)   (295 )   (324 ) complete console2   182     (111 )   mobile and other5   14     (1 ) total changes in deferred revenues   405     (241 )   Non-GAAP internet Revenues by section/Platform mix Activision and Blizzard: Online1 1,035 22 805 19 230 29 workstation 592 12 318 7 274 86   subsequent-technology (PS4, Xbox One, Wii U) 1,197 25 305 7 892 NM Prior-technology (PS3, Xbox 360, Wii)   1,a hundred thirty five   24   1,963   45   (828 ) (forty two ) complete console2   2,332   forty eight   2,268   52   64   three   mobile and other5 447 9 628 14 (181 ) (29 )                 complete Activision and Blizzard   4,406   ninety two   4,019   ninety three   387   10   Distribution: complete Distribution   407   eight   323   7   eighty four   26 total consolidated non-GAAP net revenues4 $ 4,813   100 % $ 4,342   one hundred % $ 471   11 %   1 Revenues from online consists of revenues from total World of Warcraft products, including subscriptions, boxed products, expansion packs, licensing royalties, and price-added services. 2 Downloadable content material and their related revenues are blanketed in each respective console structures and complete console. three They give net revenues including (in line with GAAP) and except for (non-GAAP) the impact of changes in deferred web revenues. four total non-GAAP internet revenues presented also represents their complete operating facet net revenues. 5 Revenues from cell and different includes revenues from handheld and cell devices, in addition to non-platform particular online game connected revenues similar to standalone sales of toys and add-ons products from the Skylanders franchise and other actual merchandise and accessories. 6 the percentages of total are offered as calculated. hence the sum of these percentages, as introduced, may purview as a result of the strike of rounding.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES fiscal suggestions For the Three Months and yr Ended December 31, 2014 and 2013 (amounts in millions)               Three Months Ended   December 31, 2014   December 31, 2013 $ increase % raise quantity % of Total3 volume % of Total3 (reduce) (decrease) GAAP internet Revenues by using Geographic vicinity North america $ 806 fifty one % $ 770 51 % $ 36 5 % Europe 653 41 647 forty three 6 1 Asia Pacific   116 7   a hundred and one 7   15 15 total consolidated GAAP web revenues   1,575 a hundred   1,518 one hundred   57 4   trade in Deferred Revenues1 North the united states 342 457 Europe 254 247 Asia Pacific   42   50 total changes in web revenues   638   754   Non-GAAP internet Revenues by using Geographic place North america 1,148 52 1,227 54 (79) (6) Europe 907 41 894 39 13 1 Asia Pacific   158 7   151 7   7 5 complete non-GAAP net revenues2 $ 2,213 a hundred % $ 2,272 100 % $ (59) (three) %       year Ended   December 31, 2014   December 31, 2013 $ enhance % raise   quantity % of Total3   quantity % of Total3   (lower) (decrease) GAAP net Revenues by way of Geographic area North the united states $ 2,one hundred ninety 50 % $ 2,414 fifty three % $ (224) (9) % Europe 1,824 forty one 1,826 forty (2) --- Asia Pacific   394 9   343 7   51 15 complete consolidated GAAP net revenues   four,408 a hundred   four,583 one hundred   (one hundred seventy five) (four)   trade in Deferred Revenues1 North the united states 206 (108) Europe 153 (107) Asia Pacific   forty six   (26) total adjustments in web revenues   405   (241)   Non-GAAP web Revenues by means of Geographic vicinity North the us 2,396 50 2,306 53 ninety four Europe 1,977 41 1,719 40 258 15 Asia Pacific   440 9   317 7   123 39 complete non-GAAP web revenues2 $ four,813 100 % $ four,342 a hundred % $ 471 eleven %   1 They deliver internet revenues together with (in keeping with GAAP) and aside from (non-GAAP) the fill an effect on of alterations in deferred revenues. 2 complete non-GAAP internet revenues offered additionally represents their total operating facet web revenues. three the chances of total are introduced as calculated. hence the sum of these percentages, as presented, may additionally fluctuate due to the influence of rounding.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES segment information For the Three Months and 12 months Ended December 31, 2014 and 2013 (amounts in hundreds of thousands)                 Three Months Ended December 31, 2014 December 31, 2013 $ increase % raise quantity % of Total5 amount % of Total5 (lessen) (reduce) phase net revenues: Activision1 $ 1,492 67 % $ 1,805 79 % $ (313 ) (17 ) % Blizzard2 531 24 287 13 244 85 Distribution3   one hundred ninety   9   180   eight   10   6 operating facet complete 2,213 100 % 2,272 one hundred % (59 ) (3 )   Reconciliation to consolidated net revenues: web effect from deferral of internet revenues   (638 )   (754 ) Consolidated internet revenues $ 1,575   $ 1,518   $ fifty seven four %   phase income from operations: Activision1 $ 696 $ 758 $ (62 ) (8 ) % Blizzard2 208 93 one hundred fifteen 124 Distribution3   10     9     1   11 working segment complete 914 860 54 6   Reconciliation to consolidated operating salary and consolidated revenue before profits tax cost: internet effect from deferral of internet revenues and connected cost of income (475 ) (509 ) stock-based compensation expense (29 ) (34 ) Amortization of intangible belongings (eight ) (15 ) costs and other prices regarding the buy Transaction and connected debt financings4   36     (18 ) Consolidated working earnings 438 284 154 54 pastime and different funding income (fee), web   (50 )   (fifty one ) Consolidated profits before revenue tax price $ 388   $ 233   $ 155 sixty seven %   working margin from complete working segments 41.three % 37.9 %     yr Ended December 31, 2014 December 31, 2013 $ raise % boost volume % of Total5 quantity % of Total5 (lessen) (decrease) phase internet revenues: Activision1 $ 2,686 56 % $ 2,895 67 % $ (209 ) (7 ) % Blizzard2 1,720 36 1,124 26 596 fifty three Distribution3   407   8   323   7   eighty four   26 working facet total 4,813 100 % four,342 100 % 471 eleven   Reconciliation to consolidated web revenues: web impact from deferral of internet revenues   (405 )   241   Consolidated net revenues $ four,408   $ 4,583   $ (one hundred seventy five ) (four ) %   segment revenue from operations: Activision1 $ 762 $ 971 $ (209 ) (22 ) % Blizzard2 756 376 380 101 Distribution3   9     eight     1   13 operating facet total 1,527 1,355 172 13   Reconciliation to consolidated operating income and consolidated income before salary tax rate: web effect from deferral of web revenues and linked imbue of revenue (215 ) 229 inventory-based compensation fee (104 ) (a hundred and ten ) Amortization of intangible assets (12 ) (23 ) fees and different charges regarding the purchase Transaction and connected debt financings4   (13 )   (seventy nine ) Consolidated operating profits 1,183 1,372 (189 ) (14 ) pastime and different funding profits (fee), web   (202 )   (fifty three ) Consolidated salary before revenue tax cost $ 981   $ 1,319   $ (338 ) (26 ) %   working margin from total working segments 31.7 % 31.2 %   1 Activision Publishing (“Activision”) — publishes interactive enjoyment items and contents. 2 Blizzard — Blizzard leisure, Inc. and its subsidiaries (“Blizzard”) publishes pc video games and on-line subscription-primarily based games in the mmog class. three Activision Blizzard Distribution (“Distribution”) — distributes interactive leisure software and hardware items. 4 displays fees and other expenses (including legal costs, fees, costs and accruals) concerning the repurchase of 429 million shares of their typical inventory from Vivendi (the "buy Transaction") accomplished on October eleven, 2013 and linked debt financings. 5 the chances of complete are offered as calculated. therefore the sum of those percentages, as presented, can also fluctuate because of the strike of rounding.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES For the Trailing Twelve Months Ending December 31, 2014 EBITDA and Adjusted EBITDA (amounts in thousands and thousands)             Trailing Twelve Months Ending March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 December 31, 2014   GAAP net profits (Loss) $ 293 $ 204 $ (23 ) $ 361 $ 835 pastime (salary) / fee, net fifty one 50 51 fifty one 203 Provision (advantage) for salary taxes eighty three 56 (20 ) 27 146 Depreciation and amortization   19     19     22     29     ninety EBITDA 446 329 30 468 1,274   Deferral of net revenues and linked imbue of income (a) (219 ) (220 ) a hundred and eighty 475 215 stock-based compensation cost (b) 30 22 22 29 104 prices and other prices related to the purchase Transaction and connected debt financings (c)   ---     ---     48     (36 )   13 Adjusted EBITDA $ 257   $ 131   $ 280   $ 936   $ 1,606   (a) displays the net trade in deferred net revenues and related can imbue of earnings. (b) contains cost involving stock-based compensation.

    (c)

    displays fees and different costs (together with criminal fees, fees, expenses and accruals) involving the repurchase of 429 million shares of their common stock from Vivendi (the "purchase Transaction") achieved on October eleven, 2013 and connected debt financings.

      Trailing twelve months amounts are introduced as calculated. for this reason, the sum of the 4 quarters, as introduced, may also purview as a result of the influence of rounding.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES Outlook for the Quarter Ending March 31, 2015 and year Ending December 31, 2015 GAAP to Non-GAAP Reconciliation (amounts in millions, apart from per participate statistics) Outlook for   Outlook for Three Months Ending year Ending March 31, 2015 December 31, 2015   internet Revenues (GAAP) $

    1,a hundred and forty

    $ 4,one hundred forty  

    excluding the fill an impact on of:

    change in deferred web revenues (a)   (500 )   260   web Revenues (Non-GAAP) $

    640

    $ 4,400     profits Per Diluted participate (GAAP) $

    0.37

    $ 0.89  

    excluding the fill an impact on of:

    web impact from deferral in net revenues and related can imbue of income (b) (0.35 ) 0.15 inventory-based mostly compensation (c) 0.03 0.10 Amortization of intangible belongings (d) - 0.01         salary Per Diluted participate (Non-GAAP) $

    0.05

    $ 1.15       (a) displays the net change in deferred net revenues. (b) reflects the internet exchange in deferred web revenues and connected can imbue of income. (c) displays expense involving stock-based compensation. (d) reflects amortization of intangible belongings from purchase fee accounting.     The per participate alterations are presented as calculated, and the GAAP and non-GAAP income (loss) per participate tips is additionally offered as calculated. The sum of these measures, as introduced, can also fluctuate as a result of the fill an impact on of rounding.   ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES Reconciliation of 2014 genuine profits Per participate to 2015 Outlook earnings Per Share           GAAP Non-GAAP   CY14 Actuals $ 1.13 $ 1.42

    Slate / Operations (a)

    0.01 (0.05 )

    overseas alien money (b)

    (0.17 ) (0.14 )

    Tax cost and participate signify number (c)

     

    (0.08

    )  

    (0.08

    ) CY15 Outlook $ 0.89 $ 1.15 (a) displays alterations in operations and, for GAAP intention, contains the internet alternate in deferred net revenues and related can imbue of sales.

    (b) reflects alterations in overseas forex on operating effects.

    ● alien money assumptions for 2015 outlook:

    - $1.13 USD / Euro (vs. a $1.33 typical for 2014)

    - $1.fifty one USD / British Pound Sterling (vs. a $1.sixty five ordinary for 2014)

    - income and EPS expand if the Euro or British Pound Sterling strengthens vs. USD

    (c) displays alterations in tax fee and participate signify number.



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