Electronic Arts Says Digital Sales Overall Grow But Mobile Flatlines


Credit: psd

Electronic Arts (NSDQ: ERTS), which has been investing heavily in its digital business, posted another jump in digital sales for the quarter but its previously fast-growing mobile business reported a small drop-off in sales. Overall, digital revenue increased 25 percent to $161 million. Total mobile revenue was $49 million, compared to $51 million during the comparable period a year ago. In an e-mail detailing its mobile results, the company conveniently did not refer to that decrease at all, instead referring to successful new mobile game releases, including Scrabble on the Kindle.

The mobile figure should, however, presumably improve somewhat next quarter, considering that the company bought up mobile publisher Chilingo last month.

Overall, Electronic Arts said net revenue for the quarter dropped more than 23 percent to $884 million from $1.2 billion during the same period a year earlier. The company attributed that decrease to the release of a smaller number of new console titles on the market compared to a year ago. The results topped analyst expectations. On average, analysts had expected net revenue of $815 million and earnings per share of 7 cents. Electronic Arts’ earnings per share figure came in at 10 cents.

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