EA Revenue Drops for FY 2013, SimCity Sells 1.6m, FIFA 13 Sells 14.5m - News/ 5,988 Views
Electronic Arts has released its financial statement for its fiscal fourth quarter 2013, which ended March 31, 2013, as well as full year sales. Revenue for the quarter reached $1.21 billion, down from $1.37 billion during the same period a year ago. Profits for the quarter dropped to $323 million, from $400 million a year ago.
For the full year, Electronic Arts revenue dropped to $3.80 billion, from $4.14 billion a year ago. Profits did increase however to $98 million, up from $76 million in 2012.
"As we enter a new fiscal year, EA is well-positioned for dynamic growth on next generation consoles, PCs, and mobile platforms," said Executive Chairman Larry Probst. "With world-class games, a rapidly growing digital business, and top-notch creative talent, we are excited about EA's strategy for FY 2014 and beyond."
Electronic Arts also released sales figures for many of its games. Sim City managed to sell 1.6 million units since its launch in March. Also half of the sales figures were from digital downloads. FIFA 13 sold 14.5 million units, which is a 30 percent increase over FIFA 12. FIFA 13 digital sales reached $200 million, which is a 94 percent increase over FIFA 12. Battlefield 3 Premium revenue reached $120 million.
Electronic Arts was the number one publisher in the Western markets in the March quarter. The publisher was also number one on the iOS in the fiscal year 2013. The Simpsons: Tapped Out almost reached $10 million in revenue, making it one of the five biggest titles for the iOS in the March quarter. Real Racing 3 was the most popular racing title on the iOS in the March quarter, with more than 30 million downloads.
The publisher has also released its expectations for the fiscal year 2014, which ends March 31, 2014. Revenue is expected to be $3.50 billion, an eight percent drop when compared to 2013. There was no estimate given for the profit.
"EA has a solid operating plan with disciplined R&D spending and a sharp focus on delivering the best games and services," said Chief Financial Officer Blake Jorgensen. "We are holding our FY 2014 operating expenses flat to the prior year — a significant achievement in a console transition year."
Electronic Arts also announced yesterday they have signed a deal with The Walt Disney Company for exclusive rights to publish Star Wars games in the future.
"EA and Disney have signed an agreement to create a number of games on the Star Wars franchise," said EA President of Labels Frank Gibeau. "Our agreement unlocks a whole new future of Star Wars games that will span consoles, PCs, tablets, mobile, and more."