Next week (Monday, May 7th to be precise) EA is scheduled to report its fourth fiscal-quarter earnings for the period ending March 31st.
The announcements will give investors a glimpse at EA’s financial performance after the launch of its big release of March, Mass Effect 3 as well as a three months worth of sales of supposed World of Warcraft competitor Star Wars: The Old Republic. EA has revealed previously that paying subscriber numbers likely lie somewhere around the 1.5 million mark.
Just how well did sci-fi epic Mass Effect 3 perform?
Analysts are expecting the company to report revenue of $960 – $980 million. EA’s stock climbed on Wednesday, closing at $15.87 a share, valuing the company at massive $5.26 billion. Looking to the future Michael Pachter, analyst at Wedbush Securities revealed his predictions for EA for the coming fiscal year, expecting the firm to report revenue of $4.55 billion to $4.6 billion.
EA’s strategy has been to continue to generate major blockbuster console titles whilst also branch into digital sales including social, mobile, and online games. Once the biggest independent publisher of video games, EA are now valued at less than competitor Activison Blizzard and newcomer Zynga. EA obviously have a selection of big titles on the horizon with FIFA 2013, the latest Medal of Honor and Madden 13 to name a few, not to mention the company has a big stake in social games from EA’s PopCap division too. It’s also likely a number of unannounced games will be shown off at E3 later in June. Seems the publisher would appear to have a lot for gamers to get excited about.
What titles from EA do you think will be big hits this year? Will Medal of Honor step up as Call of Duty competitor? Will footy fans clamour for more FIFA?
