EA (NASDAQ: EA) has announced its preliminary Q1 financials for the three months ending 30 June 2013.
Net GAAP revenue was $949 million, down 0.6 percent year-on-year.
Net income was $222 million, flat compared to $201 million in the same period in 2012.
EA pointed to the way it's transforming its business with respect to digital sales, however.
These were up 40 percent to $482 million.
Mobile shines
Breaking out its mobile business, sales were $113 million, up 64 percent year-on-year.
Key games included The Simpsons: Tapped Out, which recorded its highest revenue quarter in Q1 since launching in August 2012. It now has over 5.4 million daily active users.
In addition, Real Racing 3 has been downloaded more than 45 million times, averaging over 2 million daily active users.
EA also claimed to be #1 global iOS game publisher during the quarter, although considering it's been out grossed by the likes of Supercell, King and GungHo Online, it's hard to see its justification.
Turning, burning cash
EA ended the quarter with cash, cash equivalents and short-term investments worth $1.4 billion, down from the $1.68 billion it had in the bank on 31 March 2013.
It used $248 million of cash during the quarter.
"EA delivered first quarter EPS above our guidance through a combination of revenue growth, phasing of expenses, and cost control," said Chief Financial Officer Blake Jorgensen.
"We are reaffirming our annual non-GAAP guidance [for FY14] of $4 billion net revenue and $1.20 earnings per share."
[source: EA IR]
News
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.
Top Stories
Feature
May 17th, 2024
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Interview
May 13th, 2024