It's that time again! EA posted total quarterly net revenues of $711 million, down from $715 million in the same quarter of 2011.
Being down $715 million dollars doesn't sound great, but EA actually performed above Wall Street expectations, it resulted in a net loss of $381 million, a further drop on the $340 million loss of last year.
The biggest news was that the recently released FIFA 13 managed 7.4 million sales across all platforms, except mobile platforms, in just four weeks and FIFA digital net revenue reached over $115 million in the first half of Fiscal Year 2013. Madden NFL 13 saw close to a 30% year-on-year increase in total online game sessions, with units sold increased by 9% over Madden NFL 12.
EA also posted impressive numbers for the update of Battlefield 3 Premium with a current subscriber base of over 2 million customers.
On iOS The Simpsons: Tapped Out, a F2P title, has been consistently one of the top grossing iOS game for the past four weeks, with up to 2.8 million daily active users.
"On the strength of our digital extensions, FIFA and Battlefield are the two biggest revenue events in our company's history. Both are well on their way to becoming billion dollar annual franchises," said Frank Gibeau, EA President.
John Riccitiello stated that Need for Speed: Most Wanted released this week and preorders/sales look good so far, he went on to say that Medal of Honor: Warfighter's launch is "coming in below expectations".