EA has already released a major AAA Star Wars title with Star Wars Battlefront having been launched this past November.
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The company has established itself as one of the biggest gaming publishers in the world having locked in a number of the world’s biggest gaming franchises, aside from Star Wars, including the FIFA football games, Battlefield, Madden and Hockey Ultimate Team establishing itself as the top publisher on the Xbox One and PlayStation 4 consoles.
EA Chief Financial Officer, Blake Jorgensen, mentioned a bit about the future of Star Wars video games at the latest conference call.
“Continued growth of our digital part of our business is important to our profitability”, Mr. Jorgensen said.
Electronic Arts Inc. turned in the kind of reliably profitable quarter, driven by strong sales of “Star Wars Battlefront”, that has helped the company’s stock price to more than double in the past two years.
Adjusted revenues rose to $1.80 billion from $1.43 billion past year. Currency changes trimmed about $117 million from adjusted revenue, EA said. It now expects adjusted revenue of $4.52 billion, up $17 million, and adjusted per-share profit of $3.04, up four cents.
According to its report, EA made net non-GAAP earnings $1.81bn and of $1.81 per share, surpassing the market estimate of $1.78bn and non-GAAP earnings of $1.78 per share.
The company is expected to release three smaller games – “Plants vs Zombies: Garden Warfare 2”, martial arts game “EA Sports UFC 2” and its indie game “Unravel” – this quarter. However, the updated guidance lagged analysts’ expectations of $3.10 and $4.56 billion, respectively.
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The Redwood City, California-based company’s shares were trading at $64.22 after the bell, down 8 percent from their closed of $69.79 in regular trade.
