EA Holiday Quarter Strong, Posts Profit After Loss, Digital Sales up 34% YoY - News
by William D'Angelo , posted on 28 January 2015 / 2,428 Views
Electronic Arts posted its results for the third fiscal quarter, which ended on December 31, 2014. The amount recorded is higher than they had originally expected.
Electronic Arts posted revenue was up 39 percent year-over-year to $1.13 billion on a GAAP basis. They posted a profit of $142 million, which up from from a loss of $308 million a year ago. On a non-GAAP basis revenue dropped by nine percent and profits slipped three percent.
The publishers digital sales continued to grow as they were up 34 percent year-over-year to $693 million. The majority of EA's non-GAAP revenue came from digital ($2.18 billion out of $4.34 billion) for the first time in their history.
For the full fiscal year, which ends on March 31, 2015, EA expects Digital sales to account for $2.23 billion. Also for the fourth quarter they expect profits of $353 million and revenue of $1.16 billion.
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
