EA Q3 FY 2014 Disappoints Due To Huge Drop Off On PS3/ Xbox One

Electronic Arts reports profitable sales to the tune  of $ 1.57 billion, below analyst expectations of $ 1.66 billion. They also have a GAAP loss of $ 308 million. Taking GAAP out of the equation, deferred revenue is actually at $ 764 million, but this is still below analyst expectations of $ 825 million.

EA invested in Playstation 4 and Xbox One games heavily, and boast of 35 % of sales on those consoles. Unfortunately for them, the resulting drop off in Playstation 3 and Xbox 360 sales came heavier than expected as a result. Nonetheless, the company believes it has good prospects in the coming year, based off of its slate for the next two years, including Titanfall and its upcoming Star Wars game.