IndustryGamers
EA today announced its third quarter fiscal results for the holiday period ended December 31, 2011. Overall, the publisher increased its sales 17% to $1.65 billion on a non-GAAP basis (on a GAAP basis, it was slightly better than flat at $1.06 billion). The company's net loss on a GAAP basis was narrowed from $322 million to $205 million.
Importantly, digital revenues on a 12-month non-GAAP basis hit the $1 billion mark, something EA's been aspiring to for some time. Digital is getting bigger and bigger everyday for the publisher. EA noted that digital "continues to grow significantly with new subscriptions, micro-transactions and advertising."
Companies like Playfish and PopCap have played a big role in digital for EA. PopCap, which was purchased by EA in August, has grown revenue by 30 percent on a trailing-twelve-month basis. Mobile has been hugely important as well, and EA was the number one game publisher in the Apple App Store in December. It's also worth noting that In December, EA's first free-to-play mobile game, The Sims: FreePlay, reached the number one position on the list of top-grossing iPad Apps.
"We recorded our highest operating cash flow in 31 quarters and grew segment share in both Europe and North America," said Eric Brown, Chief Financial Officer. "Third quarter non-GAAP digital revenue grew 79% year-over year, and we achieved our goal of generating over $1 billion in non-GAAP digital revenue on a trailing-twelve-month basis."
http://www.industrygamers.com/news/ea-q3-sales-rise-loss-narrowed/
