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EA's revenue climbs 8% this quarter to $1.21 billion

EA revenue grew this quarter, hitting $1.2 billion, representing an 8% increase from its previous quarter (NASDAQ:EA)

| Business, Financial & Legal News | Posted: Jul 23, 2014 10:35 am

Electronic Arts posted its results for the first quarter of the fiscal 2015 year (the three-month period that ended on June 30) where the company saw a net revenue of $1.21 billion. This is an 8% increase compared to EA's revenue in the previous quarter, which was $1.12 billion.

 

TweakTown image news/3/9/39257_06_ea_s_revenue_climbs_8_this_quarter_to_1_21_billion.png

 

When comparing to year-over-year results, it's an increase of 27.9%. The company has also increased its digital revenue by a little over 9% in the last three months too, increasing this revenue from $491 million to $536 million. EA's net income dropped 8.7% for the last quarter, dropping from $367 million in Q4 of fiscal 2014 to $335 million.

 

If we compare it to the same quarter of last year, EA's net income has increased by a whopping 50.9%. The company took the time to announce two delays for two of its biggest franchises, with Dragon Age: Inquisition being pushed back a month into November, and delaying Battlefield: Hardline into 2015.

NEWS SOURCES:Joystiq.com

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