{"id":56615,"date":"2013-07-24T15:07:43","date_gmt":"2013-07-24T13:07:43","guid":{"rendered":"http:\/\/mygaming.co.za\/news\/?p=56615"},"modified":"2013-07-24T15:10:42","modified_gmt":"2013-07-24T13:10:42","slug":"ea-digital-revenue-trumps-physical-drives-company-onward","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/56615-ea-digital-revenue-trumps-physical-drives-company-onward","title":{"rendered":"EA digital revenue trumps physical, drives company onward"},"content":{"rendered":"<p>Electronic Arts has released their Q1 2014 financial update, detailing the source of the colossal publisher\u2019s money-hose.<\/p>\n<p>Most notably, EA reports that digital revenue has increased by 17% year-over-year to $378 million, which accounted for 76% of the Q1 revenue.<\/p>\n<p>The company also said that the gross margin was up 64% for the quarter, up 2% over the prior year.<\/p>\n<p>Total net revenue for the quarter was $495 million (non-GAAP), up from the $491 million from the previous year.<\/p>\n<p>Meanwhile, post-tax, post-operating expense profit for Q1 of fiscal 2014 was $222 million, up 10% from the $201 million the year before.<\/p>\n<p>EA attributed some of the results to the continued strong sales of Battlefield 3 and FIFA 2013 in the quarter, along with some other highlights:<\/p>\n<ul>\n<li>The Simpsons: Tapped Out recorded its highest revenue quarter since launching in August 2012;<\/li>\n<li>EA\u2019s mobile and handheld digital revenue generated $103 million* in the quarter, a 30% year-over-year increase in digital net revenue;<\/li>\n<li>Real Racing 3, the number 1 racing title on iOS, has generated more than 45-million downloads, and has averaged over 2 million daily active users since launching in March;<\/li>\n<li>The Battlefield 3 Premium community continues to grow with over 4 million members to date.<\/li>\n<li>FIFA 13 digital net revenue topped $70 million* in the quarter, a 92% increase versus FIFA 12 in Q1 FY 2013.<\/li>\n<\/ul>\n<h6>*On a non-GAAP basis<\/h6>\n<h6>Source: <a title=\"EA\" href=\"http:\/\/investor.ea.com\/\" target=\"_blank\">EA<\/a><\/h6>\n<h3 class=\"my-4\">More EA news:<\/h3>\n<p><strong><a href=\"http:\/\/mygaming.co.za\/news\/portable-2\/55961-next-tablets-to-have-ps3-quality-graphics-ea.html\">Next tablets to have PS3-quality graphics \u2013 EA<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mygaming.co.za\/news\/pc\/55563-your-pc-cant-handle-our-ignite-engine-ea.html\">Your PC can\u2019t handle our Ignite 3D engine: EA<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mygaming.co.za\/news\/videos\/55637-frostbite-3-video-feature-released.html\">Frostbite 3 video feature released<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mygaming.co.za\/news\/hardware\/55420-frostbite-3-gets-special-amd-treatment-nvidia-left-in-the-cold.html\">Battlefield 4 gets AMD love, Nvidia left out<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mygaming.co.za\/news\/pc\/55220-battlefield-4-has-no-mod-support.html\">Battlefield 4 has no mod support<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electronic Arts posts strong results in their Q1 2014 financial report<\/p>\n","protected":false},"author":196,"featured_media":53639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[31,9906,9907,813,9716],"class_list":["post-56615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-active","tag-ea-earnings","tag-earnings","tag-electronic-arts","tag-financial"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/56615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/196"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=56615"}],"version-history":[{"count":1,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/56615\/revisions"}],"predecessor-version":[{"id":56620,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/56615\/revisions\/56620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/53639"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=56615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=56615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=56615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}