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As EA sees FY13 sales drop 8% to $3.8 billion, EA Mobile leaps 26% to $339 million

The Simpsons: Tapped Out nears $50 million

As EA sees FY13 sales drop 8% to $3.8 billion, EA Mobile leaps 26% to $339 million
EA (NASDAQ: EA) has announced its preliminary financials for the twelve months ending 31 March 2013.

Total sales were $3.8 billion, down 8 percent year-on-year.

Net income was $98 million, up 29 percent.

"As we enter a new fiscal year, EA is well-positioned for dynamic growth on next generation consoles, PCs, and mobile platforms," said executive chairman Larry Probst.

"With world-class games, a rapidly growing digital business, and top-notch creative talent, we are excited about EA's strategy for FY2014 and beyond."

However, in FY2014, the company expects to make a net loss, as revenue drops to $3.5 billion.

Got your number

In terms of EA Mobile's performance, it generated $109 million in Q4 FY2014, up 25 percent year-on-year.

Over the entire 12 month period, EA Mobile's sales were $339 million, up 26 percent year-on-year.

Indeed, EA claimed it was the #1 global publisher for iOS during FY2013, although thanks to competition from Supercell and King this is unlikely to be the case in the future.

In addition, it said The Simpsons: Tapped Out generated almost $10 million in Q4, bringing its total to around $50 million.

During its first quarter of sales, it generated $23 million.

EA's other big recent launch was Real Racing 3. It's had over 30 million downloads and is averaging over 2.5 million daily active users.

Finally, 20 million of the 47 million users of EA's Origin social and digital distribution platform are mobile users.

Rainy day fund

"EA has a solid operating plan with disciplined R&D spending and a sharp focus on delivering the best games and services," said CFO Blake Jorgensen.

"We are holding our FY2014 operating expenses flat to the prior year - a significant achievement in a console transition year."

In terms of trailing twelve-month operating cash flow, EA generated $324 million during Q4, up $47 million compared to 12 months ago, but operating cash flow was down 19 percent to $233 million year-on-year.

EA ended its financial year with $1.68 billion in cash, cash equivalents and short-term investments, compared to $1.49 billion three months ago.

[source: EA IR]
Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.

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