EA: 'Simpsons: Tapped Out' revenues topped $23M last quarter
Electronic Arts' mobile games and services, including handhelds, generated approximately $100 million in revenue during its third fiscal quarter ending Dec. 31, an 18 percent year-over-year increase that helped the firm offset ongoing declines in its console business.
"The major portion of [mobile] revenue was driven by smartphones and tablets, which accounted for $79 million, growing 36 percent year-over-year," Chief Financial Officer and Executive Vice President Blake Jorgensen said during EA's earnings call Wednesday.
EA singled out the success of The Simpsons: Tapped Out, the freemium iOS title first introduced in early 2012. The game generated more than $23 million in revenues during the final three months of last year.
In addition, EA said its Origin platform for downloading games and services has now registered over 39 million users, including 17 million mobile users. Eighty-six independent developers have signed up to offer their content through the Origin platform.
Despite EA's advances in mobile, the company reported third quarter fiscal 2013 net revenues of $922 million, down from $1.06 billion a year ago. Net losses narrowed to $45 million, compared with $205 million in the year-ago quarter. "The revenue shortfall was a result primarily of a miss with our Medal of Honor title and stronger-than-expected sector headwinds for console packaged goods," CEO John Riccitiello said.
Next up for EA: Real Racing 3, a driving game for iOS and Android, scheduled to launch in North America on Feb. 28. "We are actively developing Android applications for our key brands to address that growing market as well," Jorgensen said.
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