Posting their third quarter financial earnings upon the close of the US stock exchange today, Electronic Arts is doing better year-over-year with strong sales on PS4 and Xbox One, among other platforms.
According to Electronic Arts’ Q3 results, here are the highlights for the latest report which shows about $150 million dollars in EA revenue over their projections previous.
- Calendar year 2014 EA was the #1 publisher on PlayStation®4 and Xbox One consoles in the world, driven by the success of Dragon Age™: Inquisition, FIFA 15, NHL®15, Madden NFL 15, EA SPORTSTM UFC®, TitanfallTM, Battlefield 4TM, and FIFA 14.
- SimCity™ BuildIt just launched in December and has already achieved 22 million downloads to date and has reached the top 5 iOS game downloads in more than 100 countries.
- Dragon Age: Inquisition captivated fans and critics worldwide and it quickly became the most successful launch in BioWare™ history in addition to being named to more than 200 “Game of the Year” lists. The single player campaign alone has been enjoyed for more than 113 million hours.
- Monthly active users for EA’s mobile titles averaged more than 160 million in Q3.
- EA’s mobile sports games continue to engage players, with Madden NFL Mobile and FIFA 15 Ultimate Team™ together averaging 45% more monthly active players through Q3 compared to our previous iterations in the same period last year.
As it compares, despite a gross revenue greater than expected, EA is currently posting less operating cash flow than the same quarter last year, with $682M against $685M last year. Some of these operating expenses come at the cost of an NCAA football lawsuit in which EA was required to pay five million, and losses on intellectual property commitment.
While this is great for the company itself, this may come as a surprise to those playing Destiny and Call of Duty right now, as Activision has a prominent share of PS4 and Xbox One sales as well. If you would like to read the full financial report, feel free to download the PDF for yourself, as provided to EA stockholders and come back for more news on EA and their titles right here on PowerLeveled.