Battlefield 3 Pre-Orders Up More Than 10x Battlefield: Bad Company
NCAA 12 Sell-Through Up 17% Versus NCAA 11
Star Wars: The Old Republic Breaks EA Record For Pre-Orders
Q1 Non-GAAP Digital Revenue $209 Million; Up 35% On A Trailing Twelve Month Basis
REDWOOD CITY, Calif. — (BUSINESS WIRE) — July 26, 2011 — Electronic Arts Inc. (NASDAQ: ERTS) today announced preliminary financial results for its first fiscal quarter ended June 30, 2011.
“This was another solid quarter driven by both digital and packaged goods,” said John Riccitiello, Chief Executive Officer. “We saw strong digital revenue growth over the prior year. On packaged goods, NCAA is off to a great start and pre-orders for Battlefield 3 are tracking extremely well.”
“EA is well positioned for the year ahead and reaffirms its fiscal 2012 non-GAAP EPS guidance,” said Eric Brown, Chief Financial Officer. “And we are increasing non-GAAP digital revenue guidance to a range of $1.100 billion to $1.150 billion for fiscal 2012.”
Selected Operating Highlights and Metrics:
- Trailing twelve month non-GAAP digital revenue $854 million, up 35% year-over-year.
- First quarter fiscal 2012 non-GAAP digital revenue $209 million, up 11% year-over-year.
- Trailing twelve month console non-GAAP digital revenue increased 91% year-over-year.
- First quarter fiscal 2012 smart phone non-GAAP revenue up over 75% year-over-year.
- Nucleus registered users 125 million at the end of first quarter fiscal 2012.
- EA held five of the top ten paid games on Verizon, two of the top ten paid games on the iPhone®, and two of the top ten paid games on the iPad™ in June 2011.
- Portal 2 sold in over two million units in the first quarter. On catalogue, Crysis 2® sold in approximately three million units life to date; Dead Space™ 2 and Dragon Age™ 2 have both sold in over two million units life to date.
- EA was the #1 publisher in Western markets with 16% segment share in the June quarter.
- For the quarter, EA had four of the top 20 selling games in Western markets: Portal 2, Crysis 2, FIFA 11, and Tiger Woods PGA TOUR® 12: The Masters.
- Life to date, including digital and mobile downloads, FIFA 11 sold in nearly 15 million units and Battlefield: Bad Company™ 2 sold in over nine million units, demonstrating strong cross-platform results
- EA Games Label and EA SPORTS™ garnered 148 award nominations and 19 wins at E3. Winners included Mass Effect™ 3, Battlefield 3, STAR WARS®: The Old Republic™, FIFA 12, SSX™, Need for Speed™ The Run, Kingdoms of Amalur: Reckoning™, Madden NFL 12, and NHL® 12.
- EA’s E3 Game Changers press conference was viewed by more than two million people on Spike TV’s broadcast and live webcasts on several consumer sites.
- On July 12, 2011 EA announced an agreement to acquire PopCap Games, a leading provider of games for mobile phones, tablets, PCs and social network sites. With blockbuster titles like Plants vs. Zombies, Bejeweled, and Zuma, and a proven ability to create new hits, PopCap is a leader in the fast growing market for casual digital games. The acquisition is expected to be completed in August 2011. The PopCap acquisition is expected to be neutral to fiscal 2012 non-GAAP and GAAP EPS, at least $0.10 accretive to fiscal 2013 non-GAAP EPS and $0.10 dilutive to fiscal 2013 GAAP EPS.
Q1 FY12 Financial Highlights:
Non-GAAP net revenue of $524 million was at the upper end of our updated
guidance of $500 million to $525 million. Non-GAAP loss per share of
($0.37) also was at the upper end of our guidance of ($0.40) to ($0.37).
As expected, non-GAAP net revenue in Q1 fiscal 2012 was lower as
compared to Q1 fiscal 2011 due to a reduced title slate, which went from
six major titles in Q1 fiscal 2011 to four in Q1 fiscal 2012. This was
somewhat offset by our continued digital revenue growth.