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On a non-GAAP basis, Activision BlizzardвЂ™s operating margin was 31% and earnings per diluted share were $0.76, as compared with $0.62 for the fourth quarter of 2019.ДЄctivision Blizzard generated $2.25 billion in operating cash flow for the year ended December 31, 2020, as compared with $1.83 billion for 2019. GAAP earnings per diluted share were $0.65, as compared with $0.68 for the fourth quarter of 2019. GAAP net revenues from digital channels were $1.87 billion. On a non-GAAP basis, Activision BlizzardвЂ™s operating margin was 39% and earnings per diluted share were $3.21, as compared with $2.ДЇor the quarter ended December 31, 2020, Activision BlizzardвЂ™s net revenues presented in accordance with GAAP were $2.41 billion, as compared with $1.99 billion for the fourth quarter of 2019. GAAP earnings per diluted share were $2.82, as compared with $1. GAAP net revenues from digital channels were $6.66 billion. Please refer to the tables at the back of this earnings release for a reconciliation of the companyвЂ™s GAAP and non-GAAP results.ДЇor the year ended December 31, 2020, Activision BlizzardвЂ™s net revenues presented in accordance with GAAP were $8.09 billion, as compared with $6.49 billion for 2019. * Prior outlook was provided by the company on Octoin its earnings release. Under difficult circumstances, but with the same conviction and focus, they will continue to do so in 2021.вЂќ вЂњThey accomplished this as well as generating record financial results for our shareholders. вЂњIn a year filled with adversity our extraordinary employees were determined to provide connection and joy to our 400 million players around the world,вЂќ said Bobby Kotick, CEO of Activision Blizzard.

(Nasdaq: ATVI) today announced fourth-quarter 2020 results. SANTA MONICA, Calif.-(BUSINESS WIRE)-Feb.

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Better-Than-Expected Q4 and Full Year Results