EA Releases First Quarter Financials (August 4, 2010)

[ChrisReid]

It's time for the quarterly Electronic Arts earnings report, and the latest quarter is designated Q1 of the fiscal year 2011. Highlights so far are that EA currently represents about a quarter of the market for games on the XBox 360 and Playstation 3. They also claim about a third of the PC market and are #1 across all devices that play games from the Apple App Store. On the MMO front, FIFA Online 2 has also reached five million players in South Korea. Full details are available here.

“We had a solid first quarter, exceeding expectations both top and bottom line,” said John Riccitiello, Chief Executive Officer. “Top quality titles like 2010 FIFA World Cup South Africa, innovative digital offerings for titles like Battlefield: Bad Company 2 and Scrabble on the Apple iPad are driving the business.”

“EA is well-positioned for the year ahead and reaffirms its FY11 non-GAAP guidance,” said Eric Brown, Chief Financial Officer. “Digital revenue is expected to grow approximately 30% year over year, to $750 million in the fiscal year.”

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Original update published on August 4, 2010