Activision first-quarter revenue drops but profit rises

SAN FRANCISCO Tue May 6, 2014 4:20pm EDT

SAN FRANCISCO (Reuters) - Video game maker Activision Blizzard Inc (ATVI.O) said its revenue fell but income rose in the fourth quarter.

The company said non-GAAP revenue, adjusted for the deferral of digital revenue and other items, dropped 4 percent to $772 million from $804 million a year ago. It reported non-GAAP income of 19 cents per share, compared to 17 cents per share in the year-ago period.

(Reporting by Malathi Nayak; Editing by Nick Zieminski)