EA Revenue and Profit Climb, as Digital Continues to Shine
But we still don't know how many copies Battlefield Hardline or Dragon Age: Inquisition sold.
Electronic Arts on Tuesday reported earnings for its fourth quarter and fiscal year ended March 31, revealing year-over-year gains for revenue and profit, as well as strong digital sales.
For the quarter, EA posted $896 million in total net revenue, which compares to $914 this quarter last year. EA points out, however, that $896 million was above the company's guidance of $830 million. In terms of profit, that also fell, dropping from $152 million to $125 million for the latest period.
In terms of the full fiscal year, however, things look better. EA posted net revenue of $4.319 billion, compared to $4.021 during the previous fiscal year. What's more, of the total $4.319 billion in net revenue, a record $2.230 billion came from digital channels.
In terms of net income, EA posted $806 million for the year, up significantly from $534 during the previous year. Another bright spot for EA during the year was mobile revenue, which set a new record at $524 million.
In terms of key metrics, EA shared the infographic you see below. It contains all manner of huge numbers, but no actual sales figures for marquee games like Battlefield Hardline or Dragon Age: Inquisition, unfortunately.
“With a clear focus on putting our players first, FY15 was an exceptional year for Electronic Arts," EA CEO Andrew Wilson said in a statement. "We introduced award-winning games, delivered enduring entertainment in our live services, and forged deeper relationships with a growing global audience across consoles, mobile devices and PC. EA continues to sharpen our focus and speed, and in the year ahead we will engage more players on more platforms with new experiences like Star Wars Battlefront, FIFA 16, Minions Paradise, and more."
Looking ahead, EA said it expects to do even better for the next fiscal year ending. The company is planning to record $4.4 billion in total revenue for the period.
During an earnings call this afternoon, EA offered even more insight into its latest financial reporting period. On the subject of the company's subscription service EA Access, EA said it continues to grow, but is not yet a meaningful enough revenue contributor to be broken out into its own category.
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