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EA beats expectations thanks to Star Wars: Battlefront's success

The company's final quarter handily beat expectation and sent the company's stock price shooting upward in after-hours trading.

Christian Nutt, Contributor

May 10, 2016

1 Min Read

EA announced excellent financial results for its final quarter of its current fiscal year, the three-month period ended March 31, 2016. 

Non-GAAP revenues surged to $924 million, beating both the company's guidance of $875 million and analyst estimates of $888.78 million. The company's stock price surged 8 percent in after-hours trading on the news of the quarter.

For the full fiscal year ended March 31, 2016, the company reported non-GAAP net revenue of $4.6 billion, a slight rise from $4.3 billion the year prior. The company announced that 55 percent of its revenues came from digital downloads during the year.

The company put the success, in part, came from the performance of Star Wars: Battlefront; EA shipped over 14 million copies of the game during the year. The company also said that the popularity of its EA Sports console titles rose in the the year, with enagement up 65 percent, to 54 million unique players. 

Notably, the company maintained its position as the number-one publisher of Xbox One and PlayStation 4 games in the Western world, it reported.

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