EA posts net loss of $205 million as hits reach new milestones; Origin digital distribution service reaches 9.3 million user base and rakes in $100 million over 2011.
Electronic Arts enjoyed a holiday season driven by Battlefield 3, FIFA 12, and Star Wars: The Old Republic, but even some strong performances by those titles couldn't help the publisher turn a profit.
Battlefield 3 has sold enough for EA to fund a war. Well, maybe a console war.
EA today released its financial report for the three months ended December 31, calling it "a strong holiday quarter" driven by Battlefield 3, FIFA 12, and Star Wars: The Old Republic. Both Battlefield 3 and FIFA 12 have sold through 10 million copies to customers, the publisher said, while The Old Republic has reached sales of 2 million, with an active subscriber base of 1.7 million. Additionally, Madden NFL 12 has sold through "almost" 5 million units.
The company also updated stats on its Origin digital distribution service, which launched in June. In its first seven months of operation, Origin has grown to include 9.3 million registered users and racked up more than $100 million in sales.
All of these helped push EA's total revenue for the quarter to $1.06 billion, up slightly from the $1.05 billion it posted for the same quarter the year before. The company's online business grew significantly, with its digital revenues up more than 40 percent to $274 million. However, those gains were mostly offset by lowered sales in EA's packaged goods publishing and distribution businesses.
Despite the growing sales, EA posted a net loss of $205 million for the quarter. While still in the red, it was at least down from a net loss of $322 million for the same period the year prior.
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