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January 30, 2014

EA reports 12% drop in Q3 revenue

The US game publisher reported a net loss of $308m.

By CBR Staff Writer

Online game publisher Electronic Arts (EA) has reported 12% drop in its third quarter revenue to $808m from $922m generated during the corresponding quarter last year.

During the quarter, the game publisher saw 25% drop in its revenue generated through the sales of last generation gaming software including Xbox 360 and PlayStation 3 games to $425m, while next-gen games generated $24m.

EA chief executive officer Andrew Wilson said EA’s third quarter marked an exciting start to a new generation of games, and the company topped the list of publishers 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," Wilson said.

EA also reported 13% rise in revenues generated via PC games, while overall console game revenues dropped 22% during the quarter.

EA chief financial officer Blake Jorgensen said: "In a transitional quarter, EA delivered EPS results above our guidance driven by strong sales of our next-generation console titles, continued growth in our digital games and services, and financial discipline across the business."

During Q3, EA’s mobile revenues rose by 13%, while its digital revenues reached $517m, up 27% year-over-year.

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