EA's Digital Revenues Up, Boxed Sales Down
Claims it was number 1 PS4 and Xbox One publisher in December
EA has had a significant bump to its digital sales year-on-year in the last quarter, while its packaged goods revenue has fallen thanks, according to the publisher, to a sharp decrease in last-gen sales.
GAAP digital net revenue was $410m for the quarter ending December 31st 2013, compared to $321m in the same quarter last year. Its GAAP net revenue for packaged goods, meanwhile, was $370m, down from $568m. The company posted a GAAP net loss of $308m compared to $45m last year, and a non-GAAP net income of $398m.
"As others have noted, industry sales of major games for PlayStation 3 and Xbox 360 consoles declined in Q3 at a faster-than-anticipated rate, and that softness was the primary driver of our revenue shortfall in Q3," said EA's CEO, Andrew Wilson, in a call to investors.
Despite that, Wilson was bullish about his company's performance on next-gen. He told investors, "... we have taken an early leadership position on the next-gen consoles. Based on NPD December results in the U.S., EA achieved 40% segment share on the PlayStation 4 and 30% segment share on the Xbox One, and our estimates indicate we garnered similar shares in Europe.
"On average, every gamer in Europe that bought a next-gen console is playing one of EA's next-gen games. We're exceptionally proud to have been the #1 publisher on next-gen consoles in December, with millions of gamers playing EA titles on the PlayStation 4 and Xbox One across the globe."
The company's earnings release states that, "EA titles represented 35% of the Western World PlayStation 4 and Xbox One software sales in the third quarter."
The company did, however, reduce its 2014 revenue forecast from $4bn to $3.9bn.
You can see the figures in full here.
GAAP digital net revenue was $410m for the quarter ending December 31st 2013, compared to $321m in the same quarter last year. Its GAAP net revenue for packaged goods, meanwhile, was $370m, down from $568m. The company posted a GAAP net loss of $308m compared to $45m last year, and a non-GAAP net income of $398m.
"As others have noted, industry sales of major games for PlayStation 3 and Xbox 360 consoles declined in Q3 at a faster-than-anticipated rate, and that softness was the primary driver of our revenue shortfall in Q3," said EA's CEO, Andrew Wilson, in a call to investors.
Despite that, Wilson was bullish about his company's performance on next-gen. He told investors, "... we have taken an early leadership position on the next-gen consoles. Based on NPD December results in the U.S., EA achieved 40% segment share on the PlayStation 4 and 30% segment share on the Xbox One, and our estimates indicate we garnered similar shares in Europe.
"On average, every gamer in Europe that bought a next-gen console is playing one of EA's next-gen games. We're exceptionally proud to have been the #1 publisher on next-gen consoles in December, with millions of gamers playing EA titles on the PlayStation 4 and Xbox One across the globe."
The company's earnings release states that, "EA titles represented 35% of the Western World PlayStation 4 and Xbox One software sales in the third quarter."
The company did, however, reduce its 2014 revenue forecast from $4bn to $3.9bn.
You can see the figures in full here.
Companies:
Electronic Arts
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