On Tuesday, Electronic Arts, Inc or EA, a publisher of video games, increased its forecast for 2015 and released reports of second-quarter results that are better than expected. This is on high digital sales and cost controls coming from titles such as “Madden” and “FIFA.”
Redwood City, a company based in California, said that it is expecting 4.18 billion dollars in revenue and net income which are both non-GAAP worth 2.05 dollars for every share in 2015. Previously, it had a forecast of revenue worth 4.1 billion dollars, as well as 1.85 for every share in its profit.
According to Blake Jorgensen, the chief financial officer, a “continued growth of generation 4 console” is seen by Electronic Arts, pertaining to PlayStation 4 and Xbox One, as well as results that are still solid when it comes to their older businesses on consoles.
He also said that the business’ digital side, the downloads of these games’ full versions, plus their digital services revolving around the said businesses such as Madden Ultimate Team and FIFA Ultimate Team are continually performing well beyond their expectations.
The company has posted a revenue, non-GAAP, worth 1.22 billion dollars, for three months which ended on the 30th day of September, compare with last year’s 1.04 billion dollars.