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.Related to this article