Please support Game Informer. Print magazine subscriptions are less than $2 per issue
EA's First Quarter Financial Results Looking Up
While regular people may only be halfway through 2010, the corporate fiscal calendar for 2011 began a few months ago. Luckily for EA, fiscal 2011 has started strong for the publisher.
In its Q1 2011 financial results, EA CEO John Riccitiello said that the publisher "[exceeded] expectations both top and bottom line." He pointed to new titles such as 2010 FIFA World Cup South Africa and Scrabble on the iPad as well as downloadable content for Battlefield: Bad Company 2 as significant reasons behind the positive quarter.
Just how well did they fare? The publisher brought in $539 million in net revenue, up from an expected $460 million to $500 million. Their net income this quarter was $96 million compared to a loss of $234 million last year.
According to EA's release, in the last quarter they were the number one published on HD consoles (Xbox 360 and PlayStation 3) with a 22% market share. EA had three of the top 15 best-selling games from the quarter: 2010 FIFA World Cup South Africa at #4, Battlefield: Bad Company 2 at #7, and FIFA 10 at #12.
Unsurprisingly, the company is hopeful for the rest of the fiscal year expecting continued growth of digital revenue and a strong year overall. We'll have to wait and see how it all shakes out as the year continues and we get to more release-heavy quarters, but it's nice to see at least one publisher beginning to do well.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
