Story by Stephany Nunneley
Tue, Jul 23, 2013 | 21:45 BST
EA has announced its financial results for the firm’s first fiscal quarter ended June 30, 2013 and reports digital net revenue hit $482 million compared to $342 million year-over-year.
[h=3]EA Q1 FY14 highlights[/h]
The Simpsons: Tapped Out recorded its highest revenue quarter in Q1 since launching in August 2012.
EA’s mobile and handheld digital revenue grew 30% year-over-year increase in digital net revenue.
Real Racing 3 has generated more than 45 million downloads, and has averaged over 2 million DAU since March.
Battlefield 3 Premium community continues to grow with over 4 million members to date.
FIFA 13 digital net revenue was up 92% increase versus FIFA 12 in Q1 FY 2013.
FIFA Online 3 digital grew 88% in Q1 compared FIFA Online 2. Was the #1 online sports game in Korea based on revenue and traffic.
EA’s Origin platform has registered over 50 million users, including 22 million mobile users.
Earnings flat, digital soars
Packaged goods came in at $452 million compared with $592 million for the same quarter year-over-year.
Total revenue reported was $949 million, down from $955 million yoy.
“EA had a solid quarter driven by continued digital growth and disciplined cost management,” said executive chairman Larry Probst. “We are also executing on a clear set of goals for leadership on mobile, PC, current and next generation consoles.”
“EA delivered first quarter EPS above our guidance through a combination of revenue growth, phasing of expenses, and cost control,” said CFO Blake Jorgensen.
“We are reaffirming our annual non-GAAP guidance of $4 billion net revenue and $1.20 earnings per share.”
The firm’s fiscal year 2014 expectations for the period ending March 31, 2014 are for revenue to hit $3.5 billion, and for Q2 FY14 the firm expects net revenue of $625 million.
A call to investors will start around 5pm EST and we’ll update this post with more information as it happens.
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