EA FYQ3 financials report $308 million loss
While digital revenues up significantly year-on-year
EA has posted a net loss of roughly $308 million for its third fiscal quarter ended December 31, 2013.
Net revenues for the quarter were around $808 million, down from $922 million during the same period in 2012. Trailing 12-month revenues were also down, at $3.66 billion (with a $36 million loss) from $3.96 billion the prior year.
Revenues from packaged goods and 'other' products also fell from $568 million to $370 million year-on-Year, with the company citing "strong sales of our next-generation console titles" alongside a presumably more significant "weakness in current generation software".
EA's digital business was up significantly on 2012, however, with digital revenues hitting $410 million compared with $321 million YoY.
The firm also extracted positives from software sales on the new consoles, claiming to have been "the #1 publisher on next-generation consoles in December" in Western territories, thanks to combined sales of Battlefield 4, Madden NFL 25, FIFA 14 and Need for Speed Rivals.
According to EA, "For the month of December, FIFA 14 and Battlefield 4 were two of the top three best-selling titles across all platforms in the Western World, and FIFA 14 was the #1 title in Europe." FIFA 14 retained its number one spot in the UK chart last week, marking the game's sixth consecutive week at number one. Battlefield 4 also remained third in the charts for the third week in a row.
EA CEO Andrew Wilson commented: "EA's third quarter marked an exciting start to a new generation of games, and we are proud to have been the #1 publisher on next-generation consoles in December, with millions of gamers across the globe playing EA titles on the PlayStation 4 and Xbox One.
