Revenue and income climb at EA

EA has reported $990m in net revenue for the quarter ending September, up from the $695m reported last year.

Net income hit $3m, which although small was a big improvement on the $273m loss reported in the same period a year prior.

On a non-GAAP basis net revenue grew from $1.04bn to $1.22bn and net income grew from $105m to $232m. For the trailing 12 months net income is up from $329m to $843m and net revenue climbed from $3.757bn to $4.481bn – a record for the company.

Digital revenues continue to increase, with the Ultimate Team offer on FIFA, Madden and NFL up 96 per cent year-on-year.

EA says that it remains the number one PS4 and Xbox One publisher in the West and that 1.9bn hours of gameplay were logged on EA games across console and PC throughout the quarter. EA mobile titles currently have over 155m active users, with mobile sports games averaging over 40m active monthly users – that’s a 250 per cent year-on-year increase.

EA continues to put our players first, delivering new experiences, innovation and new ways to play,” CEO Andrew Wilson said. It was an excellent second quarter, with strong new titles, deep player engagement in our live services and ongoing digital growth driving continued momentum.”

EA subsequently added to investors that its 19.99 per year Xbox One subscription service is growing well beyond expectations”.