The Q1 2013 financial report for Electronic Arts has rolled in, highlighting a massive $221 million profit, and a $500 million share repurchase which, in the words of Chief Financial Officer Ken Barker, “demonstrates our confidence in EA’s future.”
In addition, the company has announced that there are over 1.3 million Battlefield 3 Premium subscriptions, which shows how successful the add-on extra for the first person shooter has been – although revenue for that has been deferred until Q4.
“We have established an unmatched diversity in our business with multiple brands performing across several channels, business models and geographies,” said CEO John Riccitiello.
“This allows us to drive profitable growth in a rapidly transforming marketplace for games.”
It looks like a massive amount of that revenue was through digital channels. “Over the last twelve months, we generated over $1.3 billion in non-GAAP digital net revenue, and approximately two-thirds of our non-GAAP net revenue in the first fiscal quarter was in digital,” said Frank Gibeau.
FIFA Ultimate Team contributed over $30 million in net digital revenue in the quarter.
STAR WARS: The Old Republic will move to a “more accessible” two-tiered pricing model in November. Players can chose between a $14.99 premium monthly subscription and a free-to-play model with some restrictions on content and advanced features. Players will be able to purchase upgrades with in-game currency.
Mobile phone games and services generated a 37% year on year increase in digital net revenue.