EA beats revenue forecasts after strong Q4

EA beats revenue forecasts after strong Q4
Ben Parfitt

By Ben Parfitt

May 7th 2014 at 11:54AM

Publisher extends partnership with Titanfall developer Respawn

A decline in physical sales was not enough to stop a strong Q4 help EA to an annual profit for the year ending March 31st.

GAAP income for the quarter hit $367m, up from $323m the year before. Digital revenue grew from $453m last year to $491m while physical game sales fell from $730m to $618m.

For the full year GAAP net income reached $8m, down from $98m last year. Net revenue fell from $3,797m to $3,575m.

EA also revealed that Titanfall sold 950k physical units in its first three weeks of availability in March in the US. Digital numbers were likely very good, although EA chose not to specify either that or the game’s overall sales.

The company also confirmed that it is "continuing its partnership with Vince Zampella and his Respawn Entertainment team” adding that “through a new policy agreement, we will be working with Respawn to bring new Titanfall experiences to players worldwide".

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