Electronic Arts Reports Q4 FY13 and FY13 Financial Results
FY 2013 Non-GAAP Digital Net Revenue Up 36% to $1.7 Billion
FIFA 13 Sells Over 14.5 Million Units in FY 2013
Battlefield 3 Premium Has Over 3.5 Million Subscribers To Date
SimCity Sells Over 1.6 Million Units To Date
EA and The Walt Disney Company Announce Multi-Year Star Wars Franchise Agreement
Category:
Company News
Tuesday, May 7, 2013 1:01 pm PDT
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"As we enter a new fiscal year, EA is well-positioned for dynamic growth on next generation consoles, PCs, and mobile platforms,"
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its fourth fiscal quarter and fiscal year ended March 31, 2013.
“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.”
“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.”
“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.”
Selected Operating Highlights and Metrics:
*On a non-GAAP basis
EA was the #1 publisher in Western retail markets in the March quarter, and the #1 global publisher in the iOS game market for FY 2013.
Battlefield 3™ Premium generated over $120 million* in revenue through the March quarter, and has over 3.5 million subscriptions to date.
SimCity™ sold through over 1.6 million units since launching in March, with approximately 50% of sales in the form of digital downloads.
FIFA 13 sold through over 14.5 million units in FY 2013, approximately a 30% increase versus FIFA 12 in the prior year.
FIFA 13 digital net revenue topped $200 million* in FY 2013, a 94% increase versus FIFA 12 in the prior year.
Total FIFA digital net revenue generated nearly $350 million* in FY 2013, including EA SPORTS™ FIFA Online and FIFA World Class Soccer.
The Simpsons™: Tapped Out was a top-5 grossing iOS game in the March quarter, generating almost $10 million* in digital net revenue in the month of March, and totaling almost $50 million* since launching in August.
Real Racing™ 3, the #1 racing title on iOS, has generated more than 30 million downloads, and has averaged over 2.5 million daily active users since launching in March.
EA’s games and services for mobile and handheld digital revenue generated $104 million* in the quarter, a 21%* year-over-year increase in digital net revenue.
EA’s Origin™ platform for downloading digital games and services has registered over 47 million users, including 20 million mobile users.
Trailing twelve-month non-GAAP digital net revenue was up 36% to a record $1.7 billion*.
Trailing twelve-month operating cash flow was $324 million, a $47 million improvement versus the prior year.
EA will develop and publish new Star Wars titles for fans across the most popular gaming genres and platforms.
