Electronic Arts: We're the Number One Publisher

Electronic Arts has released its 2011 second quarter financial results. According to CEO, John Riccitiello, "We had another strong quarter, beating expectations both top and bottom line."

He continued, "We credit our results to blockbusters like FIFA 11 and to innovative digital offerings like The Sims 3 Ambitions and Madden NFL 11 on the iPad."

What stands out from the figures is that the company's earnings from distribution of boxed products plummeted; revenue from its own boxed products was also down but digital publishing was up compared to the same period in the previous year.

So,in terms of actual money making, the company released the following figures (all of which you can find here):

Net Digital Revenue for Quarter Ended 9/30/10 $166m compared to $138m in 2009.
Net Publishing Packaged Goods and Other Revenue $689m vs $774m
Net Distribution Packaged Goods Revenue $29m vs $235
Total Net Revenue $884m vs $1,147m
Net Income $32m vs $19m

It also issued what its 'Highlights' for the quarter:

- EA is the #1 publisher on high-definition consoles with 25% segment share calendar year-to date, two points higher than the same period a year ago.

- In North America and Europe, the high-definition console software market is growing strongly with the combined PlayStation(R)3 and Xbox 360(R) segments up 23% calendar year-to-date. The PlayStation 3 software market is up 36% calendar year-to-date.

- EA is the #1 PC publisher with 27% segment share at retail calendar year-to-date and strong growth in digital downloads of full-game software.

- FIFA 11 was the #1 title in Europe in the second quarter, and life to date, the FIFA franchise has sold over 100 million units worldwide.

- EA was the #1 publisher across all platforms on the Apple(R) App Store in the quarter.

- Medal of Honor is off to a strong start, selling-through 2 million units in just two weeks in October.

More detail from the financial release later.