EA Reports Record Results

Officials from Electronic Arts have announced the results for the company’s third quarter, ended December 31. During this time revenues increased by 20% year-on-year to $1.475 billion with net income up 57% to $392 million and diluted earnings per share up 48% to $1.26. Almost 50% of these revenues were generated outside of North America, with European sales increasing by 40% to $658 million - against American increases of just 8% to $753 million. During this time the company announced that eleven of its titles had sold over a million units, led by Need for Speed: Underground at 5.5 million and The Lord of the Rings: The Return of the King, FIFA Football 2004 and Medal of Honor: Rising Sun at over four million units each. Guidance for the full financial year is set at between $2.91 and $2.92 billion, up between 17% and 18% from the same time last year. Diluted earnings per share are predicted to rise between 61% and 64%, to between $1.74 and $1.77. Source: Electronic Arts