EA net revenue down in Q4, fiscal year 2014 [Update: Titanfall numbers]
EA reported net revenue of $1.12 billion in Q4 2014, down from $1.21 billion in Q4 2013. This marks the end of EA's fiscal year 2014, and its overall net revenue was similarly down, from $3.8 billion in 2013 to $3.58 billion in 2014.
Gross profit for the quarter was even with 2013's number at $900 million, but for the year, gross profit fell from $2.41 billion to $2.23 billion. Operating income for 2014 fell to $33 million, compared with $121 million in 2013. Net income was up for the quarter, $367 million, but down year-over-year, from $98 million to $8 million.
EA launched Titanfall in March, and while it was the best-selling game that month as rated by the NPD, EA didn't provide sales numbers in its report. EA says it is the No. 1 publisher on Xbox One and PS4 in the western world, led by sales of Titanfall, Battlefield 4, FIFA 14, Need for Speed Rivals and Madden NFL 25. Mobile revenue generated $460 million (non-GAAP) in fiscal year 2014, setting a "new record" within the company.
"Electronic Arts delivered outstanding results in fiscal year 2014," CEO Andrew Wilson said in the report. "Most importantly, we produced hit games, innovative digital content and services, and amazing entertainment for our players around the world."
For fiscal year 2015, EA expects net revenue of $4.38 billion. In Q1 2015, EA expects net revenue of $1.2 billion.
Update: EA sold 925,000 copies of Titanfall on Xbox One and PC during the quarter, COO Peter Moore announced during EA's investor call, citing numbers from NPD. The Xbox 360 version is "off to a great start as well," Moore said.
[Image: EA]
