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EA Q3 results – The Old Republic out “calendar 2011″

Tuesday, 1 February 2011 21:15 GMT By Staff

EA has announced third quarter results, confirming that both Medal of Honor and Need for Speed: Hot Pursuit have now sold more than 5 million units and announcing an “expected” calendar 2011 release date for BioWare MMO Star Wars: The Old Republic.

EA’s Q3 financials

Star Wars MMO confirmed for calendar 2011 release, will be profitable at 500,000 subs.

“Very exciting,” unannounced FPS coming “later in the year.”

Five games over 5 million sales in 2010.

FIFA 11 at 11.5 million sales.

Madden 11 at 5.5 million sales.

Loss at $322 million, up from $82 million year-on-year.

EA said it is incurring “significant” costs in developing the game, which will hit “after the close of fiscal 11,” putting the title in a release window between March 31, 2011 and December 31, 2011.

It was rumoured last week that the title would ship in September 2011.

EA has previously said that it is “targeting a spring 2011 release” and confirmed in May last year that the MMO wouldn’t make this financial year, which ends March 31, 2011.

John Riccitiello refused to be drawn on the game’s headcount, saying he was “subject to NDA” with the firm’s Lucas partnership.

The exec did take the opportunity, though, to warn against “falsehoods” being spread by “gamer blogs” about costs releated to the project.

EA is rumoured to have spent between $100-$300 million on the game, but Riccitiello said the number was “higher than anything we have ever put in place”.

The Old Republic will be profitable with 500,000 subscribers.

“Light sabers versus swords”

He added that the game would succeed thanks to a “light sabers versus swords” factor, talking in veiled terms about World of Warcraft, and that the company would be “aggressively” attacking the game’s opportunity.

The exec said that 1 million subscribers “rings our bell, does very well for us economically,” in relation to The Old Republic, adding, “It’s our view that we can be very successful without fundamentally challenging the market leader because we think we’ll probably hit the smaller competitors harder when we get out there.”

He said that The Old Republic will be profitable with 500,000 subscribers.

Janco Partners’ Mike Hickey said in January that he believes investors are “betting against” the game’s success.

Riccitiello also said EA is to announce a “very exciting” FPS later in the year.

“I’ve been saying that it’s our long-term goal to take back the first-person shooter category leadership. We made strong progress in calendar ’10 over calendar ’09,” he said.

EA has a “very exciting,” unannounced FPS entry “later in the year”

“This year, with the trail end of Battlefield Bad Company 2 still doing well, Medal of Honor doing well, Crysis [2] and Bulletstorm, we’re clearly going to make more progress on our goal, and that’s before we get to what I think is going to be a very exciting entry later in the year that we’re not yet announcing.”

Future plans aside, EA was keen to focus on high sales of games in the last calendar year.

FIFA 11 has now sold more than 11.5 million units, a 16 percent increase over the 2010 version, the company said in a call following the release of the figures.

Madden 11 has now sold over 5.5 million units. Sales of over 5 million units were achieved by five games last year, the publisher said.

The moment of truth: “calendar 2011″ for TOR.

EA COO John Schappert said that Dead Space 2 was “approaching 2 million units sold-in”: the Visceral horror sequel released last week. The sequel is outselling the original 2:1.

Despite large sales of key products, however, EA posted a gloomy net loss of $322 million for the quarter, deepened from the $82 million loss posted a year ago.

Net revenue decreased year-on-year for the three months ending December 31, down to $1.05 billion from $1.24 billion in the previous corresponding period.

Digital revenues increased steeply, though, up from $152 million in the previous third quarter to $211 million in Q3 2011.

The Old Republic. Out. This year.

“We had a solid third quarter with non-GAAP earnings up more than 75 percent year-over-year,” said Eric Brown, Chief Financial Officer.

“EA reported 39 percent growth in digital and is tracking toward our $750 million full year non-GAAP digital revenue target.”

“We are pleased to report another strong quarter,” said Riccitiello.

“Our $600 million stock buyback demonstrates our confidence in EA’s digital strategy.”

Digital explosion

In year-over-year growth, EA reported accelerated results in the digital and high-definition packaged sectors, while standard definition and distribution businesses slowed markedly.

Within digital sales, all categories showed increased revenues year-on-year, with MMOs and free to play, casual and social games leading the pack over console and mobile.

By platform, mobile digital revenue remained largely static. Add-on DLC content and free-to-play extra item purchases drove increases in the PC and console spheres, with the former growing by 38 percent increase in the last twelve months, and consoles a whopping 103 percent last year and 130 percent last quarter.

EA’s two major online titles, the Battlefield franchise and Online Pass-enabled FIFA, both showed major growth, with FIFA 11 earning $10 million more than its immediate precursor, and Battlefield Bad Company 2 outstripping battlefield 1943 by $256 million.

The company was also bullish on mobile. After Christmas the company held the 14 top apps for iPhone and iPad, and said it intends to “maintain and grow leadership” in the market.

EA said it is the top publisher on iOS, Windows Phone 7, Blackberry, and held two of the top five Android apps during Christmas and New Year.

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22 Comments

  1. Heinekeno

    THX EA for Christmas gift: Burnout Paradise Ultimate Box.
    And I also bought last year F1 2010 and MoH.
    Yeah they were buggy, but fun I had with MoH, payed off all the trouble.

    #1 4 years ago
  2. Johnny Cullen

    Need for Speed: Hot Pursuit is probably the best racing game I’ve ever played. Props to Criterion. Every one of those 5 million sales is deserved.

    Medal of Honor’s worth a shout too. Good single-player.

    #2 4 years ago
  3. LePlatypus

    Hmmm, didn’t like Medal of Honour much, hate how people think it’s better than Black Ops (I’m not a CoD fanboy).

    Also Pat, as much as it pains me to correct you twice in one day, you put then instead of than (I’m a grammar nazi, sue me!)

    #3 4 years ago
  4. kofoed

    I can’t believe that such an avg. FPS game can sell as much as 5 mil, Hot Pursuit on the other hand is nice, good job Criterion. :)

    #4 4 years ago
  5. Razor

    ““We are pleased to report another strong quarter,” said CEO John Riccitiello.”

    Even…even though you lost $322m?

    What’s John smoking?

    #5 4 years ago
  6. spiderLAW

    I prefered MOH over Black Ops. I thought the online MP was really good in MOH and shit in Black Ops. Single Player were both mediocre.

    #6 4 years ago
  7. CaptPierce

    The said they couldn’t make another MOH if they didn’t break 3 mil, and I’m happy they did. Couldn’t let this franchise die, and I’m one of the people that were dissapointed by the game. Well the single player was short but excellent and I didn’t like the multiplayer.

    Still, the next game ought to really knock it out of the park.

    #7 4 years ago
  8. The_Red

    Glad to see NFS Hot Pursuit getting past 5 mil. Sad to see MoH doing that too. I mean, MoH was horrible. It had some nice moments but overall it was ages behind the competition.

    #8 4 years ago
  9. Patrick Garratt

    Check those slides out. Digital’s the future, clearly.

    #9 4 years ago
  10. Naaame

    Appreciate the slides! very interesting :)

    #10 4 years ago
  11. Hunam

    Holy fuck, actual charts.

    VG247 2.0 is the best thing in the world ever.

    #11 4 years ago
  12. Patrick Garratt

    I’ve added in the audio quote of them confirming the TOR date.

    #12 4 years ago
  13. Johnny Cullen

    There’s audio of The Old Republic 2011 confirmation added in.

    #13 4 years ago
  14. DSB

    Damn, 5 million for Medal of Honor? I thought it would hover around 2.

    I was pleasantly surprised by the singleplayer, but it did have an awful lot of embaressing flaws.

    @6 True dat.

    #14 4 years ago
  15. DaMan

    can’t believe Hot Pursuit did that good, it appears this type of racing is more appealing to many than Blur/Split Second.

    #15 4 years ago
  16. Hunam

    What’s the difference between Blur / Split Second / Hot Pursuit?

    They all looked the same. I ended up with Blur though. Enjoy the hell out of it even if it’s a bit cold and clinical at times.

    #16 4 years ago
  17. DaMan

    the gameplay I meant, even if the changes are subtle.

    how do you explain those two flopping and HP succeeding?

    #17 4 years ago
  18. Ababi

    how can they still survive with a loss of $322 million?!

    #18 4 years ago
  19. RomaTotti10

    Excellent coverage. Thanks VG24/7.

    #19 4 years ago
  20. Brenna

    It’s really nice to see so much love for the new features in this hub. This wasn’t possible before the relaunch.

    #20 4 years ago
  21. Detale

    Great article, the new design is certainly paying off when it comes to stories like this.

    I bought both Split/Second and NFS:HP and enjoyed them both immensely (I’m still playing through HP, the AutoLog keeps sucking me back in for more). Enjoyed them so much that I haven’t bought GT5 yet, which I’m sure is some sort of sin for a PS3 owner.

    I’d gladly shell out for more of both, either in DLC or sequel form too, although I think that’s unlikely in Split/Second’s case which is a shame. I’m just hoping that Motorstorm Apocalypse has more to offer than adding some falling buildings into the mix.

    #21 4 years ago
  22. blackdreamhunk

    guild wars and kotor the biggest mmo’s of the year.

    #22 4 years ago

Comments are now closed on this article.

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    Konami is teasing a Metal Gear Solid thing called “The 1984 Collection.” The Metal Gear Solid Facebook page posted this image about an hour ago: The caption reads, “Step back into the 80′s with our new MGS collection coming very soon! Stay tuned!” This is supposedly in reference to the clothing line that was announced […]

  • Portal, The Simpsons, Jurassic World & Scooby Doo packs listed for Lego Dimensions

    Lego Dimensions is likely getting a few unannounced content packs. One of which is themed around Valve’s Portal. A set of unannounced content packs for the upcoming Lego Dimensions have been revealed by US retailer Walmart. The listings include packs for The Simpsons, Scooby Doo and Jurassic World, and most interestingly, Portal. The listings have […]

  • This is the most authentic recreation of GTA 2 in real life ever

    Affordable drones have many uses. Most of them are not nearly as exciting as recreating GTA 2 in real life. I am surprised it took us this long, but someone has finally captured footage using a drone that resembles the protagonist’s experience in the classic GTA 2. These aren’t just shots of cars from a […]

  • PlayStation 4 sales reach 2m in the UK

    Sony has sold 2 million PlayStation 4 consoles in the UK, faster than it did with the PlayStation 2 – the company’s best-selling machine in the country. MCVUK is reporting that as of last weekend, 2 million PlayStation 4s have been sold in the UK. The data is based on GfK Chart-Track estimates. This makes […]

  • H1Z1 gets female characters, skin colour options planned

    In an effort to improve diversity in the game, H1Z1 developer has added female characters. Female survivors can now be found throughout the world of H1Z1. Developer Daybreak added the new feature in a patch released last Friday. You will be able to choose a female avatar in the main game and in Battle Royale. […]

  • Possible teaser site for Castlevania creator Koji “IGA” Igarashi’s new game opens

    Either Castlevania creator Koji “IGA” Igarashi is working on a soon-to-be-launched Kickstarter for his new game, or someone is pulling an elaborate prank. At PAX Prime last year, during Keiji Inafune’s Mighty No. 9 panel, a flyer was handed out to attendees that showed what appeared to be a 2D game of some sort with […]

  • Destiny weekly reset for May 5: Heroic and Nightfall strikes detailed

    Tuesday is here and Destiny’s weekly reset is also here. Bungie announced that your weekly Destiny grind has now begun. The Nightfall and Heroic strikes are now live too. This week’s strike is Winter’s Run. Rainbow burn is back for the Nightfall, which means you do more damage with all elemental weapons, but also receive […]

  • PC version of Project Cars delayed in Australia due to severe weather

    Recent weather conditions in Sydney, Australia are responsible for a slight delay of the PC version of Project Cars in the country. Sydney recently suffered from storms that caused flooding in some areas. One of those is the place where publisher Namco Bandai was storing PC copies of Project Cars. The stock was “severely damaged,” […]

  • Twitch’s new process makes it easier for streamers to appeal flagged content

    Twitch has updated its appeals process concerning videos that have been flagged by the audio ID system. Towards the end of last year, Twitch introduced a new audio recognition system that scans archived streams and automatically mutes the audio whenever copyright music is identified. The system has been in-use ever since and Twitch has today […]

  • The Witcher 3: Wild Hunt has a day one patch, but it’s not a major one

    The Witcher 3: Wild Hunt will indeed have a day one patch, to make the first-time experience as smooth as possible. Like many modern games, The Witcher 3: Wild Hunt will have its day one patch. According to the developer however, it wasn’t born out of necessity. Miles Tost, level designer at developer CD Projekt […]

  • CoD: Advanced Warfare owners get free pistol today

    Advanced Warfare developer Sledgehammer Games is adding a new pistol to the game, free to all players. The M1 Irons is a new pistol that comes to Advanced Warfare starting today. The weapon is offered as a thank you gift from the developer. Sledgehammer says the Irons is good at range and packs a punch. […]

  • Fall down the Skullgirls Big Band music video rabbit hole with me

    Skullgirls is a pretty amazing fighting game, but did you know it’s also a passable music creation suite? Earlier today I was idly perusing an episode of PlayStation Underground showing off Skullgirls 2nd Encore, a re-release of the indie fighter packing in loads of new features and coming to PS4 – with full cross-play! – […]

  • The many uses of Wolfenstein: The Old Blood’s pipe weapon

    Wolfenstein: The Old Blood adds a sick new weapon to BJ’s arsenal: a pipe. In Wolfenstein: The Old Blood, a pipe is not just a pipe. Not only can you bash nazis with it, you can use it to climb walls, reach hatches, and even break through some walls. Plus? You can dual wield it. […]

  • Mortal Kombat X teaser gives first look at Predator

    Mortal Kombat X’s next celebrity guest was teased during the latest Kast. Today’s Mortal Kombat X Kast was mostly about all about Jason, but also included a very brief nod to Predator. You can watch the full livestream to see the tease in situ if you’re really keen, but IGN shared this convenient edit: There’s […]

  • Rock Band 4 has count-ins, drum fills and vocal harmonies

    Rock Band 4 will more closely emulate the feeling of being a real musician with some neat personalisation touches. For Rock Band 4, Harmonix elected to double down on player ownership of their experience rather than technical precision. To this end, it has implemented a number of cool new features. I am wildly envious of […]

  • Yaiba: Ninja Gaiden Z, Lost Planet 3 developer shuttered

    Spark Unlimited has gone down with all hands. The Yaiba: Ninja Gaiden Z and Lost Planet 3 developer has been shuttered and all staff laid off. Chief technical officer John Butrovich confirmed the news in a statement issued to IGN. “Spark Unlimited is closing as a video game developer. The ongoing opportunities for smaller mobile […]

  • PS Now subscription available on PlayStation 3 this month, Vita coming soon

    PlayStation Now’s all you can eat service has finally been dated for PS3. Subscriptions to PS Now, Sony’s cloud-based gaming service, will be available on PS3 from May 12 in the US. The all you can eat package will also be made available on select Bravia TVs and Sony Blu-ray players on the same date. […]

  • GTA 5 is even better with a gravity gun

    GTA 5 modders have made a dream come true, adding a gravity gun to your arsenal of mayhem-causing weaponry. GTA 5 isn’t ready for this. It looks like a heck of a lot of fun, but the poor old Los Santos po po can’t deal with the resulting carnage at all. If Rockstar were ever […]

  • “Mod makers should be able to make money from their creations,” says DOOM creator

    DOOM co-creator John Romero has weighed in on the paid mods debate. Paid mods are a hot issue right now. For years, Valve has been enabling content creators to make money from their work on Counter-strike: Global offensive, Dota 2 and Team Fortress 2, but when it partnered with Bethesda to offer the same for […]

  • Watch WRC driver Kevin Abbring smash through a DIRT Rally challenge

    WRC driver Kevin Abbring has been participating in Dirt Rally’s daily events – and kicking ass. Dirt Rally seems to have ticked one of the most difficult to attain boxes of racing development – creating something professional drivers like to play, and which rewards their years of experience. Codemasters published the video below showing Hyundai […]

  • Mortal Kombat X patch to bring PC version up to console standard

    Mortal Kombat X PC will be fixed tomorrow, NetherRealm has promised. The PC version of Mortal Kombat X has come under fire for poor performance, including stuttering frame rate and bugs as plenty. About 45 minutes into a recent Twitch stream, NetherRealm boss Ed Boon said an update will drop tomorrow to address many of […]

  • Destiny House of Wolves: all new Crucible maps detailed

    Destiny’s House of Wolves DLC will add four new maps to the Crucible, the game’s competitive multiplayer mode. Let’s take a look at all of them. Alex brings you new footage showing all of the four maps that will drop with House of Wolves. He goes over the layout, landmarks, gameplay styles, and other important […]

  • Custom Xbox One Star Wars controllers look very tempting

    Microsoft is celebrating May 4 by showing off concept designs for Star Wars-themed Xbox One controllers. May 4 is of course Star Wars Day and the controller concepts you’re about to see are just that, concepts. Or at least that’s what they said they are. There are four designs and they don’t look very practical. […]

  • Project Cars launch trailer is an anthology of race cars, set to the beats of Deadmau5

    Project Cars comes out this week and there’s just enough time for one last trailer. Project Cars, Slightly Mad Studios’ ambitious racer that has been in development for ages, is finally coming out this week. The racer received plenty of changes throughout its development based on community feedback and the final product will be in […]

  • Star Wars Battlefront dev reveals planet Sullust

    Sullust, a planet that has not been previously shown, will be featured in one of Star Wars Battlefront’s maps. Star Wars Battlefront developer DICE revealed today that planet Sullust will be one of the game’s locations. The planet was mentioned in the films and other Star Wars works, but was only shown today. DICE posted […]

  • Destiny House of Wolves: Tower vendor changes

    House of Wolves will change the inventory of some of Destiny’s vendors and add new roles to others. Here’s everything that has been announced so far. You know that House of Wolves will bring a new social space to the game in the form of The Reef. But did you also know that the good […]

  • Nintendo apologises for Amiibo shortages, will reissue some out-of-stock figures

    Nintendo released a statement today to apologise for fan’s frustrations in finding some Amiibo figures and promised to handle distribution better going forward. Nintendo has been criticised recently for its lack of communication when it comes to new Amiibo figures. Something which has lead fans to not know if certain figures are limited to some […]

  • Halo: MCC “a black eye for us,” Halo 5 won’t suffer the same fate, says franchise director

    The development of Halo: The Master Chief Collection was of an “outrageous complexity,” which was one of the reasons it suffered a horrible launch. None of that will happen with Halo 5: Guardians, according to Frank O’Connor. Frank O’Connor, Halo franchise development director opened up to Xbox Achievements about the difficult task of developing The […]

  • Destiny House of Wolves: weapon Reforging explained

    When House of Wolves drops in a couple of weeks, you’ll be able to change the stats of some in-game weapons. This process is called ‘Reforging’. Alex goes over all the details Bungie revealed about the new Reforging system. This covers the materials you need, the weapons that can be reforged and much more. Make […]

  • GTA 5 PC: control the in-game phone with your iPhone using this mod

    GTA 5′s latest mod lets you control the in-game phone with your real-life iPhone. Reddit user Planetleak wanted to see if he would succeed in getting his iPhone to control the phone in GTA 5. He did it and has a video to prove it. It’s not a mod per-se, but it emulates mouse and […]

  • SoulCalibur dev wants to know fans’ favourite characters for “something huge”

    SoulCalibur developers are probably working on a new game, because they’re asking fans to vote on their favourite characters. Project Soul, the longtime developer of the SoulCalibur series is soliciting feedback on fans’ favourite characters. The developer said as much in a post on its Facebook page. “Calling all SoulCalibur Fans! Project Soul would like […]

  • Jason Voorhees doesn’t look out of place in new Mortal Kombat X trailer

    Jason Voorhees comes to Mortal Kombat X starting tomorrow and it’s time to celebrate his arrival. Jason Voorhees, the first DLC character for Mortal Kombat X has been given the trailer treatment. Jason is part of the game’s Kombat Pack, owners of which can start using him tomorrow, May 5. Being an iconic horror character, […]

  • Dragon Age: Inquisition – Dragonslayer DLC announced, free to all this week

    Dragon Age: Inquisition is getting a multiplayer expansion this week. BioWare has announced that all owners of Dragon Age: Inquisition will receive a new multiplayer expansion, for free. The expansion is called Dragonslayer and it’s centred around fighting dragons, hence the name. Three new playable characters will join the roster as you explore an all-new […]

  • Sonder is still happening, and this is the best news of the week

    Sonder is a really interesting-looking new indie adventure, which I am quite excited to remember exists. We first heard about Sonder in late 2013, when its debut trailer introduced us to a Kamai Media’s ambitious vision. In the intervening months Kamai has been hard at work on its space station management sim slash non-linear narrative […]

  • Twitter axes playable Internet Archive embeds

    The dream has died: Twitter has disabled Internet Archive game embeds. Remember how for a few days you could tweet a link to an a game on the Internet Archive and it was playable direct from that tweet? Well, Twitter has cancelled that. All those tweets now just show links. GamesIndustry suspects it has something […]