EA's Digital Revenues Up, Boxed Sales Down

Claims it was number 1 PS4 and Xbox One publisher in December

Posted by
EA's Digital Revenues Up, Boxed Sales Down
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.

Read More Like This


Comment Posting BlockedThe IP address, network or Internet service provider you are using has been identified as a source of spam activity. To keep things happy and friendly for the community we have blocked comment posting from your location. If you believe you've been block in error, please contact us.