Electronic Arts Management Is "Excited" About Its Worst-Performing Segment
While Electronic Arts (NASDAQ: EA) is seeing strong growth in its live services business, which includes in-game spending and subscriptions, the video game company's mobile revenue continues to tumble. In its fiscal third quarter, revenue from mobile titles fell 6% year over year and 17% on a trailing 12-month basis.
Excluding foreign currency changes, mobile revenue was up for the quarter, which ended Dec. 31. Still, it's apparent that EA's mobile gaming segment is underperforming the industry. Overall, mobile game sales increased 10% last year, according to market research firm Newzoo.
Despite that, CEO Andrew Wilson sounded upbeat on the recent earnings call. "I'm more excited now about our mobile pipeline than I have been for a number of years," he said. That optimism might have raised a few eyebrows, but during the call, Wilson also outlined three tactics and strategies the company is focusing on that could help it turn the mobile business around.
Source Fool.com
