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Forums - Sales Discussion - EA 2nd quarter 2016 financial results

kumagawa on 29 October 2015

http://files.shareholder.com/downloads/ERTS/3870278849x0x857525/97870E68-0A23-4D1F-A10F-932661982AF5/Q2_FY16_Earnings_Release.pdf

Electronic Arts has released there 2nd quarter 2016 financial results (1st July 2015 - 30th September 2015)

$815 million revenue and a $140 million net loss

EA's new releases in the quarter where

Fifa 16

Madden 16

NBA Live 16

NHL 16

Rory Mcilroy PGA Tour

 

EA has two titles being released in the next quater Need for Speed and Star Wars Battlefront. 



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kumagawa on 29 October 2015
Ka-pi96 said:
How the fuck did EA lose money? Especially with some of their biggest releases in that period too!


Looking at the fiancial results the PS3/360 are dead and the PS4/Xone don't have as large an install base yet.  Also NBA Live was a massive bomb not good when you consider how much those sport licences cost.



Nuvendil on 29 October 2015

Happy to see a loss. Hope this company continues to burn until it either dies or changes.  Not likely to last.  Probably just a temporary set back for the evil empire.



NiKKoM on 29 October 2015

Loss on Licensed Intellectual Property Commitment (COGS). During the first quarter of fiscal
2015, Electronic Arts terminated its right to utilize certain intellectual property that the Company
had previously licensed and we incurred a loss of $122 million on the corresponding license
commitment. This expense is excluded from our non-GAAP financial measures.
---------------------------------

Which IP did they drop?



 

Face the future.. Gamecenter ID: nikkom_nl (oh no he didn't!!) 

pokoko on 29 October 2015

“Results exceeded our expectations again,” said Chief Financial Officer Blake Jorgensen. “Based on the ongoing strength of our business and reception of Star Wars Battlefront, we are raising our full-year outlook for the second time. Our markets are very healthy, the digital transition continues to drive margins, and engagement in our live services and excitement for our upcoming launches is exceptional.” http://www.gamezone.com/news/ea-remains-1-publisher-on-ps4-xbox-one-3427161

They seem satisfied.



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Carl on 29 October 2015

Really excited for Battlefront.

Expecting it to push over 10 Million, pretty easily too.



                            

rolltide101x on 29 October 2015
Nuvendil said:

Happy to see a loss. Hope this company continues to burn until it either dies or changes.  Not likely to last.  Probably just a temporary set back for the evil empire.

Eh, ok. If you think EA is the "evil empire" you are more than likely blind to the world



binary solo on 29 October 2015

I doubt the NBA licence costs them too much since 2K also makes an NBA game therefore there isn't the premium of exclusivity to bump the price up. Still the game flopping will mean a loss on that title regardless of how much they pay for the licence.



“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell

"When the power of love overcomes the love of power, the world will know peace."

Jimi Hendrix

 

daredevil.shark on 29 October 2015

EA faced loss? What a delightful news. Thanks OP.



Lawlight on 29 October 2015
kumagawa said:
Ka-pi96 said:
How the fuck did EA lose money? Especially with some of their biggest releases in that period too!


Looking at the fiancial results the PS3/360 are dead and the PS4/Xone don't have as large an install base yet.  Also NBA Live was a massive bomb not good when you consider how much those sport licences cost.


Wrong. FIFA 16 sold a lot no matter what you say. Plenty of people are still playing their PS3 and 360. The PS4/X1 install base is over 40M and there's PC also.