EA Reports Big Quarter to Close Out 2012

EA Reports Big Quarter to Close Out 2012 300x225 EA Reports Big Quarter to Close Out 2012The final quarter of 2012 wasn’t a game to EA in terms of revenue. The video game giant saw some serious revenue from an impressive slate of mobile games and related services. All told, Electronic Arts was able to generate approximately $100 million in revenue during the quarter ending December 31. That bump represents an 18 percent climb year-over-year.

“Despite a challenging quarter, we were able to deliver non-GAAP EPS at the high end of our guidance range,” said Chief Executive Officer John Riccitiello. “We are investing for the future wave of growth that we foresee in digital and console.”

EA had six of the top twenty titles in Western markets in 2012, compared to four in 2011. EA was also the #1 publisher on iOS worldwide for the year.

Helping to keep the company moving forward at a time when its traditional console business is declining is the mobile gaming sector, which now includes smartphones and tablets as popular “gaming systems.”

“The major portion of [mobile] revenue was driven by smartphones and tablets, which accounted for $79 million, growing 36 percent year-over-year,” says Chief Financial Officer and Executive Vice President Blake Jorgensen.

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