{"id":295682,"date":"2010-02-08T17:36:02","date_gmt":"2010-02-08T22:36:02","guid":{"rendered":"tag:contentnext.com,2010-02-08:article\/419-electronic-arts-posts-jump-in-digital-revenue-but-overall-sales-fall"},"modified":"2010-02-08T17:36:02","modified_gmt":"2010-02-08T22:36:02","slug":"electronic-arts-posts-jump-in-digital-revenue%e2%80%94but-overall-sales-fall","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/295682","title":{"rendered":"Electronic Arts Posts Jump In Digital Revenue\u2014But Overall Sales Fall"},"content":{"rendered":"

\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"EA
\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/p>\n

With sales of traditional video games down<\/a>, Electronic Arts (NSDQ: ERTS<\/a>) continues to look (so far unsuccessfully) for its digital business to make up the gap. The video game giant said that its digital revenue reached an all-time high of $152 million during its third fiscal quarter, up 30 percent compared to the same period a year ago; mobile revenue was up 14 percent year-over-year to $57 million.<\/p>\n

That growth, however, was unable to compensate for declining sales of the company’s traditional video games. Overall sales dropped 25 percent to $1.243 billion, while the company posted a loss per share of 25 cents. Both figures were slightly above analyst expectations, although those had been dropped after the company slashed its guidance<\/a> last month, citing weakness in Europe. (The company did, however, manage to cut its net losses to $82 million from $641 million during the same period a year ago).<\/p>\n

Unnerving for Wall Street apparently was the company’s outlook, which was below expectations (via Barrons<\/a>). The company’s stock is down<\/a> more than 7 percent in after-hours trading.<\/p>\n<\/p>\n

Related<\/strong><\/p>\n