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Electronic Arts quarterly profit, revenue fall; shares slide


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Electronic Arts quarterly profit, revenue fall; shares slide

Electronic Arts Inc.'s fiscal first-quarter income and revenue fell year over year, sending the video game publisher's shares down in extended trading.

The company booked net income of $293 million, or 95 cents per diluted share, in the quarter that ended June 30, down from $644 million, or $2.06 per diluted share, in the same period last year.

Net revenue totaled $1.14 billion, down from $1.45 billion. EA's console platform net revenues fell 32% to $705 million from $1.03 billion, and net revenues from PC/browser platforms decreased 18% to $197 million from $240 million. The mobile platform posted net revenue of $233 million, up 36% from $171 million.

Operating income stood at $300 million for the quarter, down from $743 million in the same prior-year period.

EA said it still expects diluted EPS of about $3.55 and net revenue of about $5.6 billion.

As of 4:49 p.m. ET, the company's shares were down 6.69%.