EA’s posted its financial results and the last quarter wasn’t a particularly good one for the publishing giant. Net revenues for the 3 month period ending December 31 were down from 2012’s $922 million to a sobering $808 million.
Year-on-year revenues were also down; $3.66 billion (with a $36 million loss) from $3.96 billion the year previous. It mostly comes down to a significant drop in the sales of packaged goods.
According to EA, revenues from packaged goods and ‘other’ products also fell nearly $200 from $568 million to $370 million. EA says that they’ve seen "strong sales of our next-generation console titles," but that hasn’t been offset by what they call "weakness in current generation software". With the much larger install bases of the older consoles, that means significantly fewer sales.
It must be a lot worse for other publishers, as EA affirms it’s "the #1 publisher on next-generation consoles in December" in Western territories, largely due to sales of evergreen titles like Battlefield 4, Madden NFL 25, FIFA 14 and Need for Speed Rivals.
It’s not all bad for EA. The company’s digital business has seen a significant spike, with digital revenues hitting $410 million compared with the previous year’s $321 million.
EA’s new CEO Andrew Wilson had this to say about it all.
"EA’s third quarter marked an exciting start to a new generation of games, and we are proud to have been the #1 publisher on next-generation consoles in December, with millions of gamers across the globe playing EA titles on the PlayStation 4 and Xbox One.
"In addition to consoles, our mobile games, digital downloads and live services are growing year-over-year as we continue to deliver exciting new experiences to gamers around the world."
Last Updated: January 29, 2014
TiMsTeR1033
January 29, 2014 at 11:45
Thanks now I am flipping liss for Nandos quarter chicken bread roll and some perinaise! Flipping hell! I am hungry!
General JJ PanGirl
January 29, 2014 at 11:45
*lus
But me too!
TiMsTeR1033
January 29, 2014 at 11:46
same thing…
General JJ PanGirl
January 29, 2014 at 11:47
I buy perinaise to keep at home also. But it’s not as nice without Nando’s. I can really do with some grilled chicken now. I’ll meet you there okay? Halfway? Say in Bloemfontein?
TiMsTeR1033
January 29, 2014 at 11:49
Glad you think thats halfway.. more like colesburg or something..
General JJ PanGirl
January 29, 2014 at 11:53
Yea. You’re right, but I don’t want to go to Colesburg. You should be happy, that’s closer to you. But fine. I get the message Tim. You’re too cool for me.
Alien Emperor Trevor
January 29, 2014 at 11:59
Let it out dude, it’s okay.
TiMsTeR1033
January 29, 2014 at 12:02
perhaps I should courier myself would be easier..
General JJ PanGirl
January 29, 2014 at 12:07
I think they charge extra for dwarven packages 😉
RinceThis2014
January 29, 2014 at 12:20
Ouch 🙂
Brady miaau
January 29, 2014 at 14:10
Um, burn?
Awesome
Kromas
January 29, 2014 at 12:14
I am currently sitting smack dab between Witbank and Boksburg with nary a bloody shop never mind a Restaurant in sight and now you have gone and made me hungry too!
FSR
January 29, 2014 at 11:51
Protip: Stop releasing broken games. This will help sales.
General JJ PanGirl
January 29, 2014 at 11:55
I don’t think that computes with them.
Ultimo_Cleric N7
January 29, 2014 at 13:49
But if its not broken we wouldnt need to download patch updates, DLC and ‘Add On’s’ to these games. And then how would they bleed us dry?
General JJ PanGirl
January 29, 2014 at 14:00
True.
They’ve gotten enough from me. I’m not buying any more EA titles.
Ultimo_Cleric N7
January 30, 2014 at 09:18
I will still support Bioware, but other than that….HELL to the NO.