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.