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EA reveals quarter three financial highlights

Electronic Arts has announced the financial results for its third fiscal quarter ended December 31, 2014.

During the calendar year 2014, EA was the no.1 publisher on PlayStation 4 and Xbox One consoles in the world, driven by the success of Dragon Age: Inquisition, FIFA 15, NHL 15, Madden NFL 15, UFC, Titanfall, Battlefield 4, and FIFA 14. 

Interestingly, Dragon Age: Inquisition became the most successful launch in BioWare history. The single player campaign alone has been enjoyed for more than 113 million hours.

But it's not just on console that EA was successful as mobile title SimCity BuildIt, which just launched in December, has already achieved 22 million downloads to date and has reached the top 5 iOS game downloads in more than 100 countries. Meanwhile, monthly active users for EA’s mobile titles averaged more than 160 million in Q3.

EA’s mobile sports games also grabbed players attention, with Madden NFL Mobile and FIFA 15 Ultimate Team together averaging 45% more monthly active players through Q3 compared to previous iterations in the same period last year.

“Electronic Arts delivered amazing experiences to our players in Q3, from the award-winning Dragon Age: Inquisition to SimCity BuildIt to our live services for FIFA, Madden NFL and more,” said Chief Executive Officer Andrew Wilson. “Great execution with our leading IP, new mobile hits and continued strength in our catalogue of top games and services were the foundation for an excellent performance in Q3.”

“EA has driven another quarter of record-breaking financials,” said Chief Financial Officer Blake Jorgensen. “Our ongoing digital transformation, including live services like EA SPORTS Ultimate Team, coupled with ongoing cost discipline, enables us to deliver consistent cash flow and earnings growth.”

It seems EA are going strong and with Battlefield Hardline still to launch and the second half of 2015 providing the next batch of sports games and of course, Star Wars: Battlefront, EA fans have a lot more to look forward too.

Here's some of the financial highlights for those interested.

- For the quarter, net revenue of $1.428 billion was above our guidance of $1.275 billion. Diluted earnings per share of $1.22 was above our guidance of $0.90.
- On a trailing twelve month basis, EA had net revenue of $4.337 billion of which a record $2.178 billion was digital (more than half for the first time ever), net income of $833 million and operating cash flow of $1.150 billion (a record for a calendar year).
- EA raised fiscal 2015 net revenue guidance from $4.175 billion to $4.253billion and diluted EPS* guidance from $2.05 to $2.35 per share.
- Net revenue for EA’s FIFA, Madden NFL and Hockey Ultimate Team services continued to grow, collectively up 82% year-over-year.
- EA repurchased 2.5 million shares in Q3 for $97 million, pursuant to the $750 million share repurchase program initiated in May 2014.

Edited On 29 Jan, 2015

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