Electronic Arts (EA) reported preliminary financial results on Tuesday for its third fiscal quarter ended December 31, 2014. Mobile was a strong driver behind the company’s performance, with monthly active users for EA’s mobile titles averaging more than 160 million in the third quarter.
Andrew Wilson (CEO, EA): Great execution with our leading IP, new mobile hits and continued strength in our catalogue of top games and services were the foundation for an excellent performance in Q3.
EA’s total revenue rose about 40 percent to $1.13 billion in the quarter, and came from digital and packaged goods businesses, in roughly equal parts. The company’s net income was $142 million, or 44 cents per share, compared with a loss of $308 million, or $1 per share, a year earlier.
Fiscal Year 2015 Expectations (ending March 31, 2015)
- Net revenue is expected to be approximately $4.485 billion.
- Diluted earnings per share is expected to be approximately $2.57.Fourth Quarter Fiscal Year 2015 Expectations
- Net revenue is expected to be approximately $1.155 billion.
- Earnings per share is expected to be approximately $1.07.
[Image courtesy: EA]