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EA beats quarterly guidance, Star Wars: Battlefront pre-orders "extremely strong" - MCV

EA beats quarterly guidance, Star Wars: Battlefront pre-orders "extremely strong"

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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.

"EA delivered first quarter revenue, margins and EPS above guidance through strength in catalog sales and outperformance in digital live services offerings," EA CFO Blake Jorgensen said. "We are raising our full-year guidance today to reflect the momentum across our portfolio."

The quarter only saw the release of mobile titles including EA Sports UFC and Minions Paradise, but the company also noted that Star Wars: Battlefront pre-order have been extremely strong” ahead of the highly anticipated November release.

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