EA Q1 FY15 Financials: EA is the #1 PS4 & Xbox One Publisher in the West Year-to-Date
It’s been a busy day for Electronic Arts, having delayed both Dragon Age: Inquisition and Battlefield: Hardline, while also revealing their Q1 FY15 financial results, with total net revenue at $1.214 billion, which is up considerably from the $949 million reported at this time in FY14.
For some highlights to their report, EA pointed out how, “calendar year-to-date, EA continues to be the #1 publisher on PlayStation 4 and Xbox One consoles in the Western World led by FIFA 14, Titanfall, Battlefield 4, and EA Sports UFC.” As well, EA points out that, during the quarter, “gamers played more than 13.6 billion online sessions of EA games, totaling nearly 2.4 billion hours played across console, mobile and PC.”
Ultimate Team also saw some big growth, with NHL Hockey Ultimate Team up 50%, FIFA Ultimate Team up nearly 80%, and Madden Ultimate Team up over 350% year-over-year.
Even with the delays of Battlefield and Dragon Age, EA still expects $4.1 billion in net revenue across the entire fiscal year ending March 31, 2015.
CEO Andrew Wilson spoke about the quarter:
It was a strong start to the year for Electronic Arts. We are committed to putting our players first and delivering the entertainment, innovation and creativity that our players want. Through exciting new titles and fresh content in our live services, we are well-positioned to deliver on that commitment in FY15 and beyond.
CFO Blake Jorgensen added:
EA delivered first quarter EPS above prior year and our guidance through a combination of revenue growth, higher gross margins and lower operating expenses. We have gotten off to a great start and are encouraged by the trends in our industry and business.