EA has enjoyed an increase in share price of 5%, following the announcement of the company’s third-quarter financial details.
Revenue for the three months ending December 2014 was up by nearly 40% on the same period the previous year, coming in at $1.13bn (£744m). Increases in the digital and mobile market, as well as strong performance from the company’s annual Sports franchises, helped the software company to boast a significant improvement in its results.
Net income for the period was also up: following a loss of of $308m the previous year, EA posted that it revenue had been boosted by over $400m, with the final figure coming in at $142m.
The software company stated that discounted last-gen hardware over the holiday period helped to improve sales, with games for Microsoft’s Xbox 360 and Sony’s PlayStation 3 seeing an increase of over 62% compared to the previous year. EA also performed well in the mobile market – sales of mobile games enjoyed a 26% increase, while monthly active users on mobile jumped to 160 million, up from 155 million in the previous quarter.
Electronic Arts, the world’s second-biggest videogame publisher, had previously cut its projected forecasts earlier this year, citing increased costs and a lower customer base on current-gen consoles as the reason behind the move. Many had expected the publisher to post disappointing figures today, leading to its shares closing down by more than 2% yesterday. However, the unexpected increase in revenue saw its share price increase by over 5% when markets opened this morning.
“Electronic Arts delivered amazing experiences to our players in Q3, from the award-winning Dragon Age: Inquisition to SimCity BuildIt to our live services for FIFA, Madden NFL and more,” said EA Chief Executive Officer Andrew Wilson. “Great execution with our leading IP, new mobile hits and continued strength in our catalogue of top games and services were the foundation for an excellent performance in Q3.
As well as the welcome improvements to the company’s financial performance, the publisher also announced that for the calendar year 2014 it was the #1 publisher on PlayStation 4 and Xbox One. Here’s some other standout figures:
Other interesting facts and figures
- Despite only launching in December, SimCity Buildit on mobile devices has been downloaded over 22 million times, and reached the top 5 charts in over 100 countries.
- Players have racked up a combined total of 113 million hours spent playing the campaign in Dragon Age: Inquisition
- For the first time, digital sales accounted for over half of the company’s total revenue ($2.178 out of a total $4.337 billion)