Electronic Arts released their Q1 financial reports for fiscal year 2014 on Tuesday. The company reported $949 million in revenue, which was down $6 million from last year, and $222 million in net income (up $21 million from last June). According to the report, PC game sales accounted for $298 million in revenue, higher than the Xbox 360’s $256 million and the Playstation 3’s $238 million.
Sales of EA games on Playstation handhelds surpassed those on Nintendo handhelds by $3 million for a total of $12 million and $9 million respectively. However, both were eclipsed by game sale for mobile devices, which rang in at $113 million for the quarter.
The Wii drew in $3 million for EA which may help explain why the company isn’t so keen on supporting the Wii U. In fact, the total revenue for Wii games was barely higher than sales of Playstation 2 games, which brought in $1 million in revenue.
Electronic Arts game sales in all departments were down significantly from Q3 of fiscal year 2013, with the exception of PC sales ($46 million increase), mobile sales ($4 million increase) and Nintendo handhelds (which remained constant). The sales of PC games does not include any revenue that was possibly generated by the recent Steam sale. However, it is worth noting that EA will not benefit significantly from any sale of their games that remain on Steam because the company has been focusing on releasing new PC games for its own distribution platform, Origin.
With the release of the Xbox One and Playstation 4 on the horizon, it remains to be seen how EA will fully adapt to the new console generation. Battlefield 4 garnered a strong response at this year’s E3, but will that be enough to help a company that was recently voted the worst company in America for the second year in a row by The Consumerist. Although Electronic Arts’ games continue to sell well, will fans remain responsive to day one DLC and similar policies? Or will the backlash catch up to EA force them to alter their strategy?
Click here to read the report for yourself.