Electronic Arts post Q1 2014 financial report, things looking fairly solid for the game publishing giant

EA announces its Q1 2014 earnings, managed $222 million in total net income.

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EA released its earnings report for Q1 of the fiscal year 2014 today, and the numbers are looking pretty good for the game publishing powerhouse. The company posted a total net revenue of $949 million, which was down about $6 million from the same quarter in 2012. EA said that their gross profit was up $5 million from the previous year at $755 million. Additionally, the company had total operating expenses of $522 million, which brought their net income to $222 million, up $1 million from Q1 of 2012.

Electronic Arts post Q1 2014 financial report, things looking fairly solid for the game publishing giant | TweakTown.com

"EA had a solid quarter driven by continued digital growth and disciplined cost management," said Executive Chairman Larry Probst. "We are also executing on a clear set of goals for leadership on mobile, PC, current and next generation consoles."

"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 went on to post an extensive list of their highlights and metrics from Q1:

  • 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.
  • EA received 116 E3 awards from over 220 industry nominations, including 8 out of 15 awards from the official E3 Game Critics. Battlefield 4â„¢ won a total of 21 awards at E3, including GameSpot's Best of E3 award, Need for Speedâ„¢ Rivals was named Best Racing Game, and NHL 14 took the honors for Best Sports Game. Titanfallâ„¢ from Respawn Entertainment won six major awards, including Best of Show, Best Original Game, Best Console Game, Best PC Game, Best Action Game and Best Online Multiplayer.
  • The Simpsonsâ„¢: Tapped Out recorded its highest revenue quarter* in Q1 since launching in August 2012.
  • EA's mobile and handheld digital revenue generated $103 million* in the quarter, a 30% year-over-year increase in digital net revenue.
  • Real Racingâ„¢ 3, the #1 racing title on iOS, has generated more than 45 million downloads, and has averaged over 2 million daily active users since launching in March.
  • The Battlefield 3â„¢ 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.
  • FIFA Online 3 digital net revenue in grew 88%* in the first quarter compared FIFA Online 2 in the prior year, and was the #1 online sports game in Korea based on revenue and traffic.
  • EA signs publishing agreement with TenCent for FIFA Online 3 in China, with details to be announced in an upcoming joint press release from EA and TenCent.
  • EA's Originâ„¢ platform for downloading digital games has registered over 50 million users, including 22 million mobile users.
  • Trailing twelve-month non-GAAP digital net revenue was up 28% to a record $1.72 billion.

NEWS SOURCE:investor.ea.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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