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Electronic Arts profit surpasses Wall Street expectations

23
Jul
2014

By Malathi Nayak SAN FRANCISCO (Reuters) – Video game publisher Electronic Arts Inc reported better-than-expected revenue and profit for the first quarter, driven by robust sales of titles such as Titanfall, digital revenue and cost control. On the digital side, (we saw) great continued growth on mobile and PC full game downloads and our subscriptions business with all of those up dramatically, CFO Blake Jorgensen said in an interview. Games such as Ultimate Fighting Championship, soccer title FIFA and shooter game Titanfall were strong revenue drivers, Jorgensen said. Electronic Arts shares were relatively unchanged after closing at $38.42 on the Nasdaq on Tuesday.

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