EA reports another quarter of loss although digital growth continues

Ben Parfitt
EA reports another quarter of loss although digital growth continues

Publisher EA has reported a $273m loss for the quarter ending September 30th.

That’s less than the $381m loss reported in the same quarter the year before.

Net revenue for the period reached $695m. Digital revenue climbed to $450m, up from $324m a year earlier. That means digital accounted for very nearly two thirds of the company’s total.

There were four big digital performers for the company.

FIFA continues its digital reinvention with the IP’s net revenue for the first half of the financial year passes $145m – that’s an increase of over 25 per cent year-on-year.

In addition, The Simpsons: Tapped Out has passed lifetime revenue of $100m while the free-to-play Real Racing 3 has been installed over 70m times and now averages 18m MAUs. Plants vs Zombies 2 has now exceeded 25m installs.

"EA's strong second quarter was driven by great title launches, continued digital growth, and financial discipline," CEO Andrew Wilson stated. "While we have made good progress in the first half of the year, we remain focused on executing our FY14 plan and delivering a full slate of amazing games and services to players on current and next-generation consoles, mobile, and PC."

EA predicts Q3 net revenues of $775m.

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Tags: growth , ea , Digital , loss , revenue , income

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