EA Q1 FY2014 financial results above expectations
Top publisher in Western retail markets in 2013
Electronic Arts has announced preliminary financial results for its first fiscal quarter ended June 30, 2013.
“EA delivered first quarter EPS above our guidance through a combination of revenue growth, phasing of expenses, and cost control,” said Chief Financial Officer Blake Jorgensen. “We are reaffirming our annual non-GAAP guidance of $4 billion net revenue and $1.20 earnings per share.”
EA was the #1 publisher in Western retail markets in calendar year 2013, and the #1 global publisher in the iOS game market in the June quarter.
The Battlefield 3 Premium community continues to grow with over 4 million members to date. FIFA 13 digital net revenue topped $70 million in the quarter, a 92% increase versus FIFA 12 in Q1 FY 2013. EA’s Origin platform has registered over 50 million users, including 22 million mobile users.
Trailing twelve-month digital net revenue was up 28% to a record $1.72 billion for the publisher. EA expects steady growth to continue as the release of next generation consoles nears.
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