RCR Wireless News reports that shares of EA have gone up due to its mobile sales and good overall quarterly revenue.
The company sold $35 million in mobile game sales, up slightly from the previous quarter’s $33 million. EA reported $784 million in overall quarterly revenue, up 16 percent from $675 million a year ago, and the company boosted its fiscal year outlook as it predicted holiday sales would beat analysts’ expectations.
A longtime leader in console and PC gaming, EA dove into the wireless waters last year with the $680 million acquisition of Jamdat Mobile Inc. EA has consistently ranked as the top mobile game-maker in the world since the deal closed in February, thanks largely to high-profile Jamdat titles including Tetris and Bejeweled.
“We had four of the top ten games in North America and the U.K.” during the quarter, Chief Financial Officer Warren Jenson said during an earnings call transcribed by SeekingAlpha.com. “Since acquiring Jamdat, eight of EA’s franchises are now available on mobile phones. As compared to Jamdat’s year-ago performance, revenue was up 75 percent.”
Shares of EA shot up $6.70, or more than 12 percent, to $59.70 per share following the announcement.