EA posts $381 million loss in Q2, offset by 38.5% digital upswing
Oct 31st 2012 12:00 PM EDT
Electronic Arts posted a net loss of $381 million for the second fiscal quarter ending September 30, a year-on-year increase of 12.1 percent. Net revenue also suffered a slight decline, down to $711 million from $715 million for the same period last year.
The company did enjoy an upswing in digital sales this quarter, with a 38.5 percent rise in digital revenue from last year's Q2, and mobile digital revenue up 36.4 percent. EA's online boom was offset by a retail decline, with "Publishing Packaged Goods and Other Net Revenue" down year-on-year by 18.9 percent.
Software-wise, FIFA 13 scored 7.4 million sales (excluding mobile downloads) in its first four weeks, while Battlefield 3 Premium subscriptions are now over the 2 million mark. EA is, however, bracing itself for a "soft" Q3 following the the weak critical reception to Medal of Honor: Warfighter and the cancellation of NBA Live 13.