Electronic Arts reports Q3 FY14 financials
Publisher leading in next-generation game sales
Electronic Arts has provided preliminary financial results for its third fiscal quarter ended December 31, 2013.
“EA’s third quarter marked an exciting start to a new generation of games, and we are proud to have been the #1 publisher on next-generation consoles in December, with millions of gamers across the globe playing EA titles on the PlayStation 4 and Xbox One,” said Chief Executive Officer Andrew Wilson.
EA was the #1 publisher on the PlayStation 4 and Xbox One in North America and Europe in December, led by Battlefield 4, Madden NFL 25, FIFA 14 and Need for Speed Rivals. EA titles represented 35% of the next-gen console software sales in the third quarter. This fact is likely helped due to the publisher also producing the largest number of titles during the launch.
For the month of December, FIFA 14 and Battlefield 4 were two of the top three best-selling titles across all platforms in the Western World, and FIFA 14 was the #1 title in Europe. On a year-to-date basis, FIFA Ultimate Team, Madden NFL Ultimate Team, and NHL Hockey Ultimate Team collectively grew 60% year-over-year and drove digital net revenue growth.
Trailing twelve months operating cash flow was $664 million, the highest trailing twelve month operating cash flow for EA since 2005.
Fourth Quarter (January 1 - March 31, 2014) expectations show net revenue to be approximately $800 million.
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