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EA financials show strong results; STWOR goes Free-to-play

Electronic Arts has revealed a huge $221 million profit, and a $500 million share repurchase in its latest set of financials.

Chief Financial Officer Frank Gibeau explained how the cash generated was broken down between the digital and retail space.

“Over the last twelve months, we generated over $1.3 billion in non-GAAP digital net revenue, and approximately two-thirds of our non-GAAP net revenue in the first fiscal quarter was in digital.”

While CEO John Riccitiello also added:

“We have established an unmatched diversity in our business with multiple brands performing across several channels, business models and geographies.

“This allows us to drive profitable growth in a rapidly transforming marketplace for games.”

There was certainly plenty of interesting information to come out of the EA call to investors, for instance there are now 1.3 million Battlefield 3 Premium subscriptions.

In addition, Star Wars: The Old Republic will now go Free-To-Play, allowing players to choose between a $14.99 premium monthly subscription and a free-to-play model. Players on the Free-to-play model will be able to purchase upgrades with in-game currency.

Elsewhere in the call it was revealed that FIFA Ultimate Team contributed over $30 million in net digital revenue and that mobile phone games and services generated a 37% year on year increase.

A good quarter all round then.

Edited On 31 Jul, 2012

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