EA has conquered its demons and posted a higher revenue than expected for its Q4 2014 financial results. The company pulled in an estimated $1.12 billion, a full 5 percent better than the 1.07 billion it predicted.
While overshooting its Q4 goal is a step in the right direction for the company, the overall performance of the year dropped as a whole from the previous. In the 2013-2014 fiscal year, EA managed to make a grand total of $3.58 billion in revenue, which comes in at a 5.85 percent below what it managed in the 2012-2013 business year.
“While navigating through a year of tremendous change in the industry, which included a challenging console transition, we were able to exceed revenue guidance, lower our operating expenses, double operating cash flows and invest in new products and services for the future,” says EA’s Chief Financial Officer Blake Jorgensen in an investor release.
Jorgensen thanked three major titles for aiding greatly in its Q4 performance, citing Titanfall, FIFA 14 and Battlefield 4 as three of the five best selling games in the West for the time period. I love how he was forced to add “in the West” to that statement. Such a small prepositional phrase is always the result of Japan doing what it wants. How hilarious.
Digital sales also accounted for $491 million in the quarter and $1.83 billion over the whole year, another huge surge for EA.
During his financial call, EA CEO Andrew Wilson also pointed to a positive look for 2014 with six games to show off at E3 this year as well as unannounced “new titles from BioWare and Criterion.”
Looks like EA is on the upswing into 2014. I can’t wait for more on Mirror’s Edge, Dragon Age: Inquisition, any information regarding the next Mass Effect, and of course, whatever Star Wars games are currently in the works. Be it Battlefront or Visceral Games’ mysterious project, I just want to know what EA has going on behind the curtain.
Anybody else looking forward to more from EA this year?