EA trumpets double-digit mobile gaming growth in fiscal Q1

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Electronic Arts reported double-digit mobile gaming growth in its fiscal first quarter despite overall earnings declines. For the three-month ending June 30, EA posted revenues of $491 million, compared with $524 million a year ago; net income dropped to $201 million vs. $221 million 12 months earlier. "Mobile and other handheld digital revenue was up 34 percent year-over-year," said EA interim CFO Ken Barker during the company's earnings call. "This quarter, we saw continued growth in our smartphone and tablet revenue as well as in our Asian mobile business." Barker added that $52 million of EA's quarterly revenue derived from smartphones and tablets, up 86 percent year-over-year, although the increase was offset by declines in feature phone revenues. Transcript

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