EA Q3: Titanfall DLC in development, sales forecast conservative due to exclusivities
Electronic Arts has announced its financial results for the third quarter ended December 31, 2013, noting a year-over-year decline in net revenue.
Total net revenue reported was $808 million compared to $922 year-over-year.
Digital Net Revenue increased to $410 million compared to $321 million for the same quarter in 2012. Trailing twelve month digital net revenue was a record $1.86 billion. The jump was attributed to the release of Battlefield 4′s launch.
Titanfall and Battlefield 4 can exist together easily, said EA COO Peter Moore and it was noted during the conference call by CEO Andrew Wilson, that The Sims 4 was moved from release this fiscal year in order to make room for expenses incurred over the funding of the Respawn Entertainment shooter.
“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,” said CEO Andrew Wilson in a prepared statement.
“In addition to consoles, our mobile games, digital downloads and live services are growing year-over-year as we continue to deliver exciting new experiences to gamers around the world.”
“Uptick on next-gen consoles has been faster than we expected, and EA had 30% segment share on Xbox One. Every gamer in Europe who purchased a next-gen system, purchased a EA title. We are doubling down on next-gen and bringing innovative games to those platforms to users worldwide.”
Despite the issues experienced with the title, sales weren’t affected, according to Moore, adding that any sales decline could be attributed to the transitional quarter.
“We saw a decline in current-gen software but Battlefield 4 was no different than FIFA or Need for Speed,” he said. “The decline was on current-gen rather and wasn’t due to any issues with the game itself. The game has got a long-tail, and while we did see some current-gen softness, noted in our prepared statement, it was not due to any quality issues.”
Source: VG247
Digital Net Revenue increased to $410 million compared to $321 million for the same quarter in 2012. Trailing twelve month digital net revenue was a record $1.86 billion. The jump was attributed to the release of Battlefield 4′s launch.
“Uptick on next-gen consoles has been faster than we expected, and EA had 30% segment share on Xbox One. Every gamer in Europe who purchased a next-gen system, purchased a EA title. We are doubling down on next-gen and bringing innovative games to those platforms to users worldwide.”
Despite the issues experienced with the title, sales weren’t affected, according to Moore, adding that any sales decline could be attributed to the transitional quarter.
“We saw a decline in current-gen software but Battlefield 4 was no different than FIFA or Need for Speed,” he said. “The decline was on current-gen rather and wasn’t due to any issues with the game itself. The game has got a long-tail, and while we did see some current-gen softness, noted in our prepared statement, it was not due to any quality issues.”
Source: VG247
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