Net revenue drops slightly from last year but beats expectations

EA posts revenues of $1.2bn for last quarter

Electronic Arts has reported its financial results for the three month period concluding at the end of June, with the firm beating its previous expectations.

EA brought in $1.20bn in GAAP net revenue for the quarter, down ever so slightly to the $1.21bn made in the same period last year. GAAP net income was up to $42m, a 32 per cent jump.

Non-GAAP revenue dropped to $693m compared to $775m, while Non-GAAP net income dipped to $49m versus the $61m made in 2014.

Each of the results for the quarter modestly beat EA’s guidance issued in May.

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