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Gaming publisher Electronic Arts beats revenue expectation

  • The shares in gaming firm Electronic Arts increased by nearly 5% after its results turned out to be stronger than expected, according to media reports.

    While its revenue was up by almost 40% to $1.13 billion in the fiscal third quarter ending December as compared to the previous year, its net income in the same period was $142 million from a loss of $308 million in the previous year.

    The figures are being attributed to better digital revenue growth and good sales of Electronic Arts' sports titles.

     

    Tagged as: gaming firm, Electronic Arts, third quarter, net income, digital revenue growth, good sales, sports titles, business news