3 Things Investors Missed in Activision Blizzard Inc.'s Quarterly Report

Activision Blizzard (NASDAQ: ATVI) shares shot up to a new high following blockbuster second-quarter operating results. Among the highlights were a surprising 4% sales boost as the video-game developer beat management's revenue guidance for the sixth straight quarter.

Below, we'll look at a few trends that aren't as widely covered as those headline figures but provide important insight into Activision's business.

Activision's $1.3 billion of operating income over the past six months set a new record for the business. What's even more impressive about that result, though, is that the company generated over $500 million of quarterly operating profit despite having no full game releases in any of its core franchises.

Source: Fool.com