The lights are on
In advance of its first quarter 2014 earnings call, EA has released its financial performance for the months of April through June 2013.
Earnings were largely consistent in comparison to first quarter 2013. The big change was a significant bump in the importance of digital sales. They currently represent 76 percent of EA's net revenue (Non-GAAP), as compared to 65 percent last year.
EA's net revenue of $495 million exceeded the target of $450 million (non-GAAP). EA continues to reap rewards from Simpson's Tapped Out, Real Racing 3, and Battlefield 3 Premium.
Our TakeThis is better news than we had from EA at the end of fiscal year 2013. The big takeaway is the importance of of digital to EA's portfolio. We've heard from a number of publishers how much direct distribution matters right now, and based on what we're seeing, that is still trending upwards.
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I guess this is at least partially due to all the sales that have been going on lately. Good for them.
Holy pickles! I never realized how big a role digital sales play. Good job, EA. Glad one of the giants is still chugging on fine.
Way the go guys! Keep up the good work!
That is good for EA.
The digital side is the kind of people who don't listen to the media and didn't get the memo that they are supposed to hate digital and the potential new digital world.
Good for them, but I bet a VAST majority of those downloads were on consoles.
They laid off many people and closed down studios before this period, not that much surprised.
Good to see some positive news for EA. Maybe now they can turn a new leaf and get things heading in the right direction.
Glad to see digital is working for them, I'm still not going to use Origin, its an unnecessary client that people do not want to use, personally I wish they would sell new games on Steam again where my games are in one place.