Electronic Arts, the US' best-selling publisher, has reported net revenue for the fiscal year ended March 31, 2004 was US$2.957 billion, up 19 percent as compared with $2.482 billion for the prior year. EA had 27 platinum titles (over one million units sold) in fiscal 2004. Six franchises sold more than five million units: The Sims, Need for Speed, Medal of Honor, FIFA Football, The Lord of the RingsT and Madden NFL Football.
Highlights for the year (comparisons are to the fiscal year ended March 31, 2003):
Net revenue: North America - up 12 percent to $1.6 billion; Europe - up 34 percent to $1.2 billion; Asia Pacific - up 10 percent to $97 million; Japan - down 12 percent to $71 million. Reported net revenue increased by $156 million or 6 percent due to changes in foreign currency rates.
European net revenue topped $1 billion for the first time in EA's history.
Gross margin was 62.7 percent - up 6 points from 56.8 percent.
Operating income was $776 million - up 70 percent. Operating margin increased 8 points year-over-year to 26 percent.
EA won eleven awards at the Seventh Annual Academy of Interactive Arts and Sciences ("AIAS") ceremony for Need for Speed Underground; Madden NFL 2004; The Sims Superstar; The Sims Bustin' Out; Command & ConquerTM Generals; Medal of Honor Rising Sun; The Lord of the Rings, The Return of the King; and SSX 3.
For this fiscal year Electronic Arts expects net revenue to be between US$3.25 and $3.40 billion - up 10 to 15 percent on the year ended 31st March 2004.