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Nirolak
Mrgrgr
(07-23-2013, 10:11 PM)
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The call will be incoming in less than an hour.

Not too much news yet.

Originally Posted by EA

GAAP Net Income $ 222

---

Electronic Arts Reports Q1 FY14 Financial Results
Q1 Non-GAAP Net Revenue and EPS Results Exceed Guidance
Q1 Non-GAAP Digital Net Revenue Up 17% Versus Prior Year
EA Signs Publishing Agreement with TenCent for FIFA Online 3 in China


EA Received 116 Awards from Over 220 Industry Nominations at E3
Category:
Company News
Tuesday, July 23, 2013 1:05 pm PDT
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"We are reaffirming our annual non-GAAP guidance of $4 billion net revenue and $1.20 earnings per share."

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its first fiscal quarter ended June 30, 2013.

“EA had a solid quarter driven by continued digital growth and disciplined cost management,” said Executive Chairman Larry Probst. “We are also executing on a clear set of goals for leadership on mobile, PC, current and next generation consoles.”

“EA delivered first quarter EPS above our guidance through a combination of revenue growth, phasing of expenses, and cost control,” said Chief Financial Officer Blake Jorgensen. “We are reaffirming our annual non-GAAP guidance of $4 billion net revenue and $1.20 earnings per share.”

This release, along with ongoing updates regarding EA’s business, is available on EA’s blog at http://ea.com/news.

Selected Operating Highlights and Metrics:
*On a non-GAAP basis

EA was the #1 publisher in Western retail markets in calendar year 2013, and the #1 global publisher in the iOS game market in the June quarter.
EA received 116 E3 awards from over 220 industry nominations, including 8 out of 15 awards from the official E3 Game Critics. Battlefield 4™ won a total of 21 awards at E3, including GameSpot’s Best of E3 award, Need for Speed™ Rivals was named Best Racing Game, and NHL® 14 took the honors for Best Sports Game. Titanfall™ from Respawn Entertainment won six major awards, including Best of Show, Best Original Game, Best Console Game, Best PC Game, Best Action Game and Best Online Multiplayer.
The Simpsons™: Tapped Out recorded its highest revenue quarter* in Q1 since launching in August 2012.
EA’s mobile and handheld digital revenue generated $103 million* in the quarter, a 30% year-over-year increase in digital net revenue.
Real Racing™ 3, the #1 racing title on iOS, has generated more than 45 million downloads, and has averaged over 2 million daily active users since launching in March.
The Battlefield 3™ Premium community continues to grow with over 4 million members to date.
FIFA 13 digital net revenue topped $70 million* in the quarter, a 92% increase versus FIFA 12 in Q1 FY 2013.
FIFA Online 3 digital net revenue in grew 88%* in the first quarter compared FIFA Online 2 in the prior year, and was the #1 online sports game in Korea based on revenue and traffic.

EA signs publishing agreement with TenCent for FIFA Online 3 in China, with details to be announced in an upcoming joint press release from EA and TenCent.
EA’s Origin™ platform for downloading digital games has registered over 50 million users, including 22 million mobile users.
Trailing twelve-month non-GAAP digital net revenue was up 28% to a record $1.72 billion*.

Source: http://news.ea.com/press-release/com...ancial-results
Last edited by Nirolak; 07-23-2013 at 10:35 PM.
Quentyn
Member
(07-23-2013, 10:13 PM)
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Slides

http://files.shareholder.com/downloa...ides_FINAL.pdf
Pachinko
Member
(07-23-2013, 10:15 PM)
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Didn't they sell off a bunch of stuff and lay off 20% of their employees last quarter ?
aquamala
Member
(07-23-2013, 10:15 PM)
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Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million
Nirolak
Mrgrgr
(07-23-2013, 10:16 PM)
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Originally Posted by Quentyn

Slides

http://files.shareholder.com/downloa...ides_FINAL.pdf

Okay the Q4 estimated revenue finally makes sense for a company releasing one game in the quarter.

Originally Posted by Pachinko

Didn't they sell off a bunch of stuff and lay off 20% of their employees last quarter ?

They lowered staff count by about 10%, but they didn't sell off anything to my knowledge.
Jibbajabbawockky
Member
(07-23-2013, 10:20 PM)
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I wonder if EA is ever going to get a new CEO. Seems like its been a while since JR left.
Quentyn
Member
(07-23-2013, 10:21 PM)
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I wonder if they even mention Fuse in the call or just pretend that game never existed
Hesemonni
Junior Member
(07-23-2013, 10:22 PM)
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Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

Well well well...
Nirolak
Mrgrgr
(07-23-2013, 10:22 PM)
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Originally Posted by Jibbajabbawockky

I wonder if EA is ever going to get a new CEO. Seems like its been a while since JR left.

I suspect either Larry won't move from the spot until he's satisfied with the execution of the direction he wants them to go, or they're just waiting for the annual shareholder meeting that's happening quite soon.
Nirolak
Mrgrgr
(07-23-2013, 10:23 PM)
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Originally Posted by Quentyn

I wonder if they even mention Fuse in the call or just pretend that game never existed

The only thing they mentioned about it in the last call was that they expected it to do worse than the week 5-19 sales of Mass Effect 3, so I suspect they will go with shoving it under the rug and reaffirming that they're focusing on more profitable endeavors if they mentioned it at all.

Originally Posted by Hesemonni

Well well well...

Presumably Sim City tail end and the SWTOR expac.
AstroNut325
Member
(07-23-2013, 10:26 PM)
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Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

Did not expect that! WOW!
Poetic.Injustice
Member
(07-23-2013, 10:27 PM)
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Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

Social games are pretty big now eh?
darkside31337
Tomodachi wa Mahou
(07-23-2013, 10:28 PM)
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Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

What about Wii / Wii U (lol)?

Also not sure why people are surprised about the PC number. There was almost nothing of note released Q1 for EA this year.
CharmingCharlie
Member
(07-23-2013, 10:29 PM)
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Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

That can't be right ....... the PC is a dead platform, no one buys games on the PC, it is full of piracy etc etc etc.
mr stroke
Member
(07-23-2013, 10:31 PM)
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Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million



Is this from Origin or because of actual game sales?
Canis lupus
Junior Member
(07-23-2013, 10:33 PM)
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Originally Posted by darkside31337

What about Wii / Wii U (lol)?

Also not sure why people are surprised about the PC number. There was almost nothing of note released Q1 for EA this year.

They didn't even list the WiiU lol.
Nirolak
Mrgrgr
(07-23-2013, 10:35 PM)
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Originally Posted by darkside31337

What about Wii / Wii U (lol)?

Also not sure why people are surprised about the PC number. There was almost nothing of note released Q1 for EA this year.

I think that's bundled under "Other".
krae_man
Member
(07-23-2013, 10:35 PM)
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That's 5.8 billion Doughnuts!

I hope EA uses some of that doughnut money to make a non Pay to win Simpsons Game.
sp3000
Member
(07-23-2013, 10:35 PM)
Looks like EA is making money off Origin
Massa
Member
(07-23-2013, 10:38 PM)

Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

Surprised that PC is number one with FUSE being a console exclusive.
Tiktaalik
Member
(07-23-2013, 10:38 PM)
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Given the huge growth in earnings from digital, it's pretty understandable why EA has so little interest in Wii U.
Miles X
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(07-23-2013, 10:40 PM)
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No release dates? I wanna know when Garden Warfare releases.
Kosma
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(07-23-2013, 10:41 PM)
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Originally Posted by Massa

Surprised that PC is number one with FUSE being a console exclusive.

21/10
digita1alchemy
Member
(07-23-2013, 10:41 PM)
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Anyone surprised at the PC number should also remember that The Sims 3 and its add-on content is still a fucking behemoth.
Last edited by digita1alchemy; 07-23-2013 at 10:45 PM.
The Dutch Slayer
Member
(07-23-2013, 10:47 PM)
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Originally Posted by Massa

Surprised that PC is number one with FUSE being a console exclusive.

Roi
(07-23-2013, 10:49 PM)
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So the Wii is listed, even the Playstation 2 is listed but the WiiU falls under 'Other'..
Mario
Sidhe / PikPok
(07-23-2013, 10:49 PM)
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Originally Posted by Pachinko

Didn't they sell off a bunch of stuff and lay off 20% of their employees last quarter ?

Welcome to the world of US public companies where company leadership is required by law to prioritize shareholder returns above all else.
walking fiend
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(07-23-2013, 10:50 PM)
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Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

Didn't one of their employees, in bashing Wii U, and in response to criticism directed at Origin, say that PC is a tiny market for them?
Cosmo Clock 21
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(07-23-2013, 10:58 PM)
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Originally Posted by walking fiend

Didn't one of their employees, in bashing Wii U, and in response to criticism directed at Origin, say that PC is a tiny market for them?

Especially after the "cheapening intellectual property" gaffe you should have realized by now that what random EA employees say ends up being the complete opposite of what actually happens.
Odrion
The reasons were sound.
(07-23-2013, 11:01 PM)
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Man, that PC cash. Goes to show you how important it was for them to create Origin and keep all their profits.
johnny956
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(07-23-2013, 11:02 PM)
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Digital revenue breakdown for the quarter:

Full game download: 37 million
extra content: 177 million
subs/ads/other: 61 million
mobile/HH: 103 million




Shows why EA is leaning more and more towards F2P/DLC considering extra content and mobile make up the majority of their digital revenue.
Interfectum
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(07-23-2013, 11:03 PM)
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Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

Where is iOS?
walking fiend
Member
(07-23-2013, 11:04 PM)
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Originally Posted by Cosmo Clock 21

Especially after the "cheapening intellectual property" gaffe you should have realized by now that what random EA employees say ends up being the complete opposite of what actually happens.

haha, I think I missed that one! "cheapening intellectual property"?

Originally Posted by johnny956

Digital revenue breakdown for the quarter:

Full game download: 37 million
extra content: 177 million
subs/ads/other: 61 million
mobile/HH: 103 million




Shows why EA is leaning more and more towards F2P/DLC considering extra content and mobile make up the majority of their digital revenue.

That's very interesting, very very interesting. Do we have a breakdown of digital revenue by platform?

Originally Posted by Interfectum

Where is iOS?

mobile/HH: 103 million
johnny956
Member
(07-23-2013, 11:05 PM)
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Originally Posted by Interfectum

Where is iOS?

One of their slides say mobile/tablet did 90 million in digital sales
Odrion
The reasons were sound.
(07-23-2013, 11:05 PM)
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Originally Posted by johnny956

Digital revenue breakdown for the quarter:

Full game download: 37 million
extra content: 177 million
subs/ads/other: 61 million
mobile/HH: 103 million




Shows why EA is leaning more and more towards F2P/DLC considering extra content and mobile make up the majority of their digital revenue.

Jesus christ. That "extra content" profit. Holy shit. We talk so bad about DLC and API mechanics being terrible for the consumer and how it'll "destroy gaming" but we have no idea how big of suckers we all are for it. We deserve the worst.
Turin Turambar
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(07-23-2013, 11:05 PM)
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Originally Posted by johnny956

Digital revenue breakdown for the quarter:

Full game download: 37 million
extra content: 177 million
subs/ads/other: 61 million
mobile/HH: 103 million




Shows why EA is leaning more and more towards F2P/DLC considering extra content and mobile make up the majority of their digital revenue.

Yeah, the difference between the first (Origin, Steam, other digital venues) and the second number (DLC) is huge. They win almost five times more with DLC from retail games.
SirIgbyCeaser
Banned
(07-23-2013, 11:06 PM)
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Battlefield 3 is basically a 100 dollar online shooter. No doubt they're rolling in the dough.

Still stunned by them releasing BF3 for PS+ on both US and EU.

Then again, even I considered Premium without even owning the game outright. Would have spent almost full price anyway by doing that.
Odrion
The reasons were sound.
(07-23-2013, 11:07 PM)
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Originally Posted by SirIgbyCeaser

Battlefield 3 is basically a 100 dollar online shooter.

Y'know. Not really. there's still more vanilla BF3 servers than anything else, and you get your $50 worth out of all the expansion packs.
Wilsongt
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(07-23-2013, 11:07 PM)
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Microtransactions at work.
Mario
Sidhe / PikPok
(07-23-2013, 11:08 PM)
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Originally Posted by johnny956

Digital revenue breakdown for the quarter:

Full game download: 37 million
extra content: 177 million
subs/ads/other: 61 million
mobile/HH: 103 million

Shows why EA is leaning more and more towards F2P/DLC considering extra content and mobile make up the majority of their digital revenue.

EA is one of the few traditional publishers who invested heavily in digital distribution early. They have had strong growth there and are reaping the rewards now while other publishers are struggling in this area.

It takes years to build a strong digital business and portfolio (if you can't afford to just buy one like Activision).
johnny956
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(07-23-2013, 11:09 PM)
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Originally Posted by walking fiend

haha, I think I missed that one! "cheapening intellectual property"?



That's very interesting, very very interesting. Do we have a breakdown of digital revenue by platform?


mobile/HH: 103 million


Yes

PC 144 million
Console 131 million
Smart phone/Tablet 90 million
Feature phone/other 13 million
aquamala
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(07-23-2013, 11:09 PM)
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Originally Posted by Odrion

Man, that PC cash. Goes to show you how important it was for them to create Origin and keep all their profits.

this is just revenue, not profits, PC is much more profitable as they don't need to pay retailers and console makers their cut
Liha
Member
(07-23-2013, 11:10 PM)
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I think EA is financially ready for the next generation.

Originally Posted by aquamala

Q1 FY14 revenue by platform

Xbox360 256 million
PS3 238 million
PC 298 million

I thought the PC is dead rofl. I will sleep good tonight.
Odrion
The reasons were sound.
(07-23-2013, 11:11 PM)
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Originally Posted by aquamala

this is just revenue, not profits, PC is much more profitable as they don't need to pay retailers and console makers their cut

KK, revenue. Still a ton of money that they don't need to give to Valve.
SirIgbyCeaser
Banned
(07-23-2013, 11:11 PM)
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Originally Posted by Odrion

Y'know. Not really. there's still more vanilla BF3 servers than anything else, and you get your $50 worth out of all the expansion packs.

I guess you're right. Premiem is aggressive shown as being the better, but the vanilla online experience is great too. Sadly no motorbikes though!
DTKT
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(07-23-2013, 11:12 PM)
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Originally Posted by Odrion

KK, revenue. Still a ton of money that they don't need to give to Valve.

It's hard to have perspective when we don't know if the revenue would have been higher had they also released their games on Steam.
Yasae
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(07-23-2013, 11:15 PM)
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#1 retail publisher... Well when you buy everyone, that probably helps.
Cosmo Clock 21
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(07-23-2013, 11:15 PM)
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Originally Posted by walking fiend

haha, I think I missed that one! "cheapening intellectual property"?

It's like the first reply in every thread about an Origin sale. The Origin head exec was trying to take potshots at Steam sales.
Yasae
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(07-23-2013, 11:19 PM)
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Originally Posted by SirIgbyCeaser

Battlefield 3 is basically a 100 dollar online shooter. No doubt they're rolling in the dough.

Still stunned by them releasing BF3 for PS+ on both US and EU.

Then again, even I considered Premium without even owning the game outright. Would have spent almost full price anyway by doing that.

From what I saw it was the same map packs ordeal from CoD (?) Way, way overpriced but reasonable on sale.

Whereas Valve releases maps for TF2..... And they cost...... Nothing..... And their game is free to play.......

But they don't need the money.
johnny956
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(07-23-2013, 11:19 PM)
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70 million in digital revenue from FIFA 13 alone last quarter. That's insane

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