30-01-2013 23:14
Electronic Arts Reports Q3 FY13 Financial Results
Q3 Non-GAAP EPS In Line with Guidance and Consensus
Trailing Twelve-Month Non-GAAP Digital Net Revenue Up 37% to $1.5 Billion
FIFA 13 Sold Over 12 Million Units Through Q3 FY2013
Battlefield 3 Premium Has 2.9 Million Subscribers To Date
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its third fiscal quarter ended December 31, 2012.
ÔÇ£Despite a challenging quarter, we were able to deliver non-GAAP EPS at the high end of our guidance range,ÔÇØ said Chief Executive Officer John Riccitiello. ÔÇ£We are investing for the future wave of growth that we foresee in digital and console.ÔÇØ
ÔÇ£We delivered on non-GAAP EPS by driving high-margin digital revenue and through disciplined expense management,ÔÇØ said Chief Financial Officer Blake Jorgensen.
ÔÇ£EA had six of the top twenty titles in Western markets in 2012, compared to four in 2011,ÔÇØ said Chief Operating Officer Peter Moore. ÔÇ£EA was also the #1 publisher on iOS worldwide for the year.ÔÇØ
Selected Operating Highlights and Metrics:
*On a non-GAAP basis
FIFA 13 sold through over 12 million units through the third quarter, a 23% increase versus FIFA 12 in the prior year.
FIFA 13 digital net revenue topped $100 million* in the quarter, a 98% increase versus FIFA 12 in the prior year.
Total FIFA digital net revenue generated over $230 million* in the first three quarters of fiscal 13, including EA SPORTS FIFA Online 2 and FIFA World Class Soccer that together contributed over $60 million*.
Battlefield 3Ôäó Premium generated over $108 million in sales through the third quarter, and has 2.9 million subscriptions to date.
EA had six of the top twenty titles in Western World retail markets in 2012, compared to four in 2011, and was the #1 global publisher in the iOS game market for 2012.
The SimpsonsÔäó: Tapped Out was a top grossing iOS game for the quarter, generating over $23 million* in digital net revenue.
EAÔÇÖs games and services for mobile, including handhelds, have generated approximately $100 million* in the quarter, an 18%* year-over-year increase in digital net revenue.
EAÔÇÖs OriginÔäó platform for downloading digital games and services has registered over 39 million users, including 17 million mobile users. EA has signed agreements with 86 independent developers for Origin.
Trailing twelve-month non-GAAP digital net revenue was up 37% to a record $1.5 billion*.
Trailing twelve-month operating cash flow was $378 million, a $135 million improvement versus the prior year.
EA repurchased 12.2 million shares at a cost of $157 million in the third fiscal quarter, pursuant to a $500 million Share Repurchase Program announced on July 31, 2012, bringing the total shares repurchased under the current program to 20.6 million shares at a total cost of $265 million.
Dead SpaceÔäó 3 pre-sells are outpacing Dead Space 2, and Crysis┬« 3 pre-orders are tracking 40% ahead of Crysis 2.
Q3 Financial Highlights:
For the quarter, non-GAAP net revenue of $1,182 million was below our guidance of $1,250 million to $1,350 million. Non-GAAP diluted earnings per share of $0.57 was above the midpoint of our guidance of $0.50 to $0.60.
---
(in millions)
GAAP Net Loss This year: $(45) | Last Year: $(205)
Non-GAAP Net Income This year: $176 | Last Year: $334
http://news.ea.com/press-release/company...al-results
Q3 Non-GAAP EPS In Line with Guidance and Consensus
Trailing Twelve-Month Non-GAAP Digital Net Revenue Up 37% to $1.5 Billion
FIFA 13 Sold Over 12 Million Units Through Q3 FY2013
Battlefield 3 Premium Has 2.9 Million Subscribers To Date
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its third fiscal quarter ended December 31, 2012.
ÔÇ£Despite a challenging quarter, we were able to deliver non-GAAP EPS at the high end of our guidance range,ÔÇØ said Chief Executive Officer John Riccitiello. ÔÇ£We are investing for the future wave of growth that we foresee in digital and console.ÔÇØ
ÔÇ£We delivered on non-GAAP EPS by driving high-margin digital revenue and through disciplined expense management,ÔÇØ said Chief Financial Officer Blake Jorgensen.
ÔÇ£EA had six of the top twenty titles in Western markets in 2012, compared to four in 2011,ÔÇØ said Chief Operating Officer Peter Moore. ÔÇ£EA was also the #1 publisher on iOS worldwide for the year.ÔÇØ
Selected Operating Highlights and Metrics:
*On a non-GAAP basis
FIFA 13 sold through over 12 million units through the third quarter, a 23% increase versus FIFA 12 in the prior year.
FIFA 13 digital net revenue topped $100 million* in the quarter, a 98% increase versus FIFA 12 in the prior year.
Total FIFA digital net revenue generated over $230 million* in the first three quarters of fiscal 13, including EA SPORTS FIFA Online 2 and FIFA World Class Soccer that together contributed over $60 million*.
Battlefield 3Ôäó Premium generated over $108 million in sales through the third quarter, and has 2.9 million subscriptions to date.
EA had six of the top twenty titles in Western World retail markets in 2012, compared to four in 2011, and was the #1 global publisher in the iOS game market for 2012.
The SimpsonsÔäó: Tapped Out was a top grossing iOS game for the quarter, generating over $23 million* in digital net revenue.
EAÔÇÖs games and services for mobile, including handhelds, have generated approximately $100 million* in the quarter, an 18%* year-over-year increase in digital net revenue.
EAÔÇÖs OriginÔäó platform for downloading digital games and services has registered over 39 million users, including 17 million mobile users. EA has signed agreements with 86 independent developers for Origin.
Trailing twelve-month non-GAAP digital net revenue was up 37% to a record $1.5 billion*.
Trailing twelve-month operating cash flow was $378 million, a $135 million improvement versus the prior year.
EA repurchased 12.2 million shares at a cost of $157 million in the third fiscal quarter, pursuant to a $500 million Share Repurchase Program announced on July 31, 2012, bringing the total shares repurchased under the current program to 20.6 million shares at a total cost of $265 million.
Dead SpaceÔäó 3 pre-sells are outpacing Dead Space 2, and Crysis┬« 3 pre-orders are tracking 40% ahead of Crysis 2.
Q3 Financial Highlights:
For the quarter, non-GAAP net revenue of $1,182 million was below our guidance of $1,250 million to $1,350 million. Non-GAAP diluted earnings per share of $0.57 was above the midpoint of our guidance of $0.50 to $0.60.
---
(in millions)
GAAP Net Loss This year: $(45) | Last Year: $(205)
Non-GAAP Net Income This year: $176 | Last Year: $334
http://news.ea.com/press-release/company...al-results