I love quarterly financial reports. Between all the negativity, there’s usually some or other ray of sunshine. And that is exactly what happened when Electronic Arts announced their Q3 2011 financial report. CEO John Riccitiello reported a loss of $322 million, with total revenues topping $1.05 billion…and plans to release a “very exciting” and still unannounced first-person shooter by the end of 2011.
So what is the FPS that’s coming? Medal of Honor? Battlefield? A brand new IP? An IP we’ve completely forgotten about? Mr. Riccitiello specifically dodged questions regarding the possibility of yearly entries in the newly revamped Medal of Honor series, and instead countered by saying that it is EA’s intention to “have strong FPS entries each year” in an effort to “take back the first-person shooter category.” Having Respawn Entertainment, and the Call of Duty creators therein, up its sleeve should certainly help EA in this regard.
On the financial side of things, EA posted net digital revenue of $211 million, up 39 percent over Q3 2010. Digital revenue for the past 12 months was $721 million, an increase of 38 percent over 2009. EA expects total digital revenue for the 2011 fiscal year to reach $750 million.
On the boxed side of things, EA saw five of their 2010 titles—FIFA 11, Medal of Honor, Madden NFL 11, Need for Speed: Hot Pursuit and Battlefield: Bad Company 2 —pass the 5 million units sold mark. Madden NFL 11 moved 5.5 million units, while FIFA 11 sales have surpassed a massive 11.5 million units. While no figures were given, EA Sports Active sales were “well below” EA’s expectations. On the other hand, Visceral Games’ Dead Space 2 has already sold nearly 2 million units since its release last week.
EA saw mobile revenue grow 12 percent year-over-year, and reported a record setting quarter for iOS sales. EA is currently the top publisher on the iPhone, the iPad, Windows Phone 7, Blackberry’s Page 10 App World, Kindle, and among the top publishers on Android.
Facebook continues to be an attractive platform for EA as well. Madden NFL Superstars, FIFA Superstars, and Monopoly Millionaires are all currently available, while the newly announced Dragon Age Legends is now in beta. EA promises more franchises will receive the social gaming treatment going forward.