Here are some details of how Activision is doing for the second quarter of 2013. Depending on how you look at it, they raked in $1.05 billion compared with $1.08 billion from the same time last year. In other words, $30 million less.

World Of Warcraft is down to 7.7 million subscribers. Back in early May, we reported that they lost 1.3 million subscribers dropping from 9.6 million to 8.3 million. That means they lost an additional 600,000 subscribers which averages out to approximately $8.5 million in World Of Warcraft alone.

Blizzard is in good shape, or so it would seem from the highlights:

For the quarter ended June 30, 2013, Activision Blizzard's GAAP net revenues were $1.05 billion, as compared with $1.08 billion for the second quarter of 2012. On a non-GAAP basis, the company's net revenues were $608 million, as compared with $1.05 billion for the second quarter of 2012. For the second quarter, GAAP net revenues from digital channels were $387 million and represented 37% of the company's total revenues. On a non-GAAP basis, net revenues from digital channels were $383 million and represented a record 63% of the company's total revenues.

For the quarter ended June 30, 2013, Activision Blizzard's GAAP earnings per diluted share were $0.28, as compared with $0.16 for the second quarter of 2012. On a non-GAAP basis, the company's earnings per diluted share were $0.08, as compared with $0.20 for the second quarter of 2012.

The company reports results on both a GAAP and a non-GAAP basis. Please refer to the tables at the back of this press release for a reconciliation of the company's GAAP and non-GAAP results.

Bobby Kotick, Chief Executive Officer of Activision Blizzard, said, "We are pleased with our second-quarter results, which confirm the preliminary results we released last week when we announced our transaction with Vivendi. The agreement we reached with Vivendi will make us an independent company and should deliver meaningful earnings per share accretion to our shareholders. Our solid performance across our franchises and strong digital sales, including continued significant growth this quarter in our Call of Duty(R) downloadable content business over the previous year, validate our belief that we will enter this new period of independence in a position to leverage the flexibility and focus that it provides."

Kotick added, "On a GAAP and non-GAAP basis, we delivered strong quarterly and first half net revenues, operating income, and earnings. Year to date, we generated a record $434 million in operating cash flow. However, despite this strength in the front half of the year, we remain cautious about the back half. The issues we previously identified, including increased competition in the second half of the year and uncertainties surrounding the console transition, remain on the horizon. We are confident that we will continue to successfully navigate industry challenges and find new opportunities to provide superior returns to our shareholders."

Selected Business Highlights:

For the first six months of 2013, Activision Blizzard was the #1 third-party publisher in North America and Europe combined.(1)

For the first six months of 2013, Activision Blizzard had the top-two best-selling games in North America and Europe combined, with Activision Publishing's Skylanders(R) Giants(TM) and Call of Duty: Black Ops II.(1)

In both North America and Europe, Activision Publishing's Skylanders Giants was the #1 best-selling console and hand-held game overall in dollars for the first six months of 2013.(1)

As of July 31, 2013, the Skylanders franchise has generated, life-to-date, more than $1.5 billion in worldwide retail sales.(1)

As of June 30, 2013, Blizzard Entertainment's World of Warcraft(R) remains the #1 subscription-based MMORPG, with approximately 7.7 million subscribers.(2)

On July 25, 2013, Activision Blizzard announced that it reached an agreement under which the company will acquire approximately 429 million company shares and certain tax attributes from Vivendi, in exchange for approximately $5.83 billion in cash, or $13.60 per share acquired before taking into account any future benefit from these tax attributes. In a related transaction, ASAC II LP, an investment vehicle led by CEO Bobby Kotick and Activision Blizzard Co-Chairman Brian Kelly, will purchase approximately 172 million company shares from Vivendi for approximately $2.34 billion in cash, or $13.60 per share. Following the completion of the transactions, which are expected to close by the end of September 2013, Vivendi will no longer be the majority shareholder, but will retain a stake of approximately 83 million shares, or approximately 12%.

During the quarter, Activision Blizzard paid a cash dividend of $0.19 per common share, totaling $216 million, to shareholders of record at the close of business on March 20, 2013.