Electronic Arts Quarterly Revenue Approaches $1 Billion
Electronic Arts Quarterly Revenue Approaches $1 Billion
Posted 07/27/2011 at 6:13am
| by Paul Lilly
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Videogame publisher Electronic Arts announced preliminary financial results for its first fiscal quarter ended June 30, 2011, posting numbers that came in higher than what analysts were expecting. EA's GAAP total net revenue for the quarter settled in at $999 million, up 23 percent from the $815 million it posted in the same quarter one year ago.
"This was another solid quarter driven by both digital and packaged goods," said John Riccitiello, Chief Executive Officer. "We saw strong digital revenue growth over the prior year. On packaged goods, NCAA is off to a great start and pre-orders for Battlefield 3 are tracking extremely well."
EA said its digital games revenue grew 11 percent from a year ago to $209 million, helped in large part by sales of over two million units of Portal 2 in the first quarter. Portal 2 was one of four EA titles that ranked as one of the top 20 selling games in Western markets, the others being Crysis 2, FIFA 11, and Tiger Woods PGA Tour 12: The Masters.
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Morete
July 27, 2011 at 8:35pm
I don't know when these developers are going to bail out from these publishers and start publishing their own games in-house. No developer should have to put up with these facist dictatorships. Yeah, it won't be easy cutting the umbilical cord but they need to follow the way of indie developers and run these greed-mongers out of town.
Holly Golightly
July 27, 2011 at 10:20am
Freaking love EA. What makes them special is that they target a much wider audience than most game companies could ever dream of. They are like the Wii of software companies. Meaning they have a game for just about anybody. Thanks to great games like the Sims 3 and Alice Madness returns, I must say, EA keeps me entertained.
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