EA reports increased revenues in Q1 of new fiscal year

by JC Fletcher on Aug 3rd 2010 5:50PM

Things are looking rosy in general for EA, which today reported the results of its fiscal first quarter (April–June). While the company faced a $234 million net loss in the same period last year, this year the publisher recorded $96 million in net income during the quarter. Both digital revenues and revenues from packaged goods were up, though sales of distribution titles (EA Partners games) were down, suggesting that Green Day: Rock Band and APB sales weren't quite what EA would have wanted.

EA had plenty of boasting to do in light of the quarterly revenue growth, claiming its status as "the #1 publisher on high definition consoles with 22 percent segment share" in the 2010 calendar year. The company also claimed itself to be the top PC publisher and, amazingly, the #1 publisher "across all platforms" in the App Store for the quarter. So that's what that sale was for!

Source: Press release

Tags: app-store, ea, earnings, electronic-arts, financial, fy-2011, q1

Reader Comments (5)

Well... EA cant expect everthing to go according to plan now can they. But Medal of Honor will boost up their sales no doubt

@Hokage4

Let's just hope it isn't a letdown like most of the other medal of honors.

The Green Day bit confirms what all of us armchair CEOs knew: Green Day Rock Band should have been a $40 game at launch. They're a decent band, but if Beatles sales weren't what EA wanted that should have warned them that $60 wasn't going to cut it. The Beatles offered the biggest guitar compatible band in history and a visual experience wildly different from Rock Band, while Green Day felt like RB2 with new songs and paint. Nobody wants to pay $60 for what feels like an expansion pack.