EA Mobile stutters with Q2 FY14 sales down 34% to $75 million

Bad quarter for Redwood City giant

EA Mobile stutters with Q2 FY14 sales down 34% to $75 million

EA (NASDAQ: EA) has announced its preliminary Q2 financials for the three months ending 30 September 2013.

Revenue was $695 million, down 2 percent year-on-year.

The company made a net loss of $273 million, compared to a loss of $381 million 12 months ago.

Breaking out EA Mobile's performance, it generated sales of $75 million during the quarter.

This is same as 12 months ago and down 34 percent compared to Q1 FY14.

This is despite the company announcing The Simpsons: Tapped Out has generated $100 million in lifetime sales, Plants vs. Zombies 2 has been downloaded 25 million times on iOS, and that Real Racing 3 has 18 million monthly active users.

No shelf space

As ever, EA pointed to its growing slice of digital games sales in order to demonstrate its ability to meet current and future market trends.

Across the board, net revenue from digital sales was $450 million, up 39 percent year-on-year.

"EA's strong second quarter was driven by great title launches, continued digital growth, and financial discipline," said new CEO Andrew Wilson.

"While we have made good progress in the first half of the year, we remain focused on executing our FY14 plan and delivering a full slate of amazing games and services to players on current and next-generation consoles, mobile, and PC."

Cash out

In terms of cashflow, over the past 12 months, EA generated $342 million, down 30 percent year-on-year.

The company ended the quarter with cash, equivalents and short-term investments worth $1.4 billion, up $7 million compared to the previous quarter.

[source: EA IR]

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A Pocket Gamer co-founder, Jon is Contributing Editor at 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.