EA announces financial results; Mass Effect 3 delayed to first quarter 2012

Electronic Arts became the latest game publisher to offer up its financial results for the last quarter. According to its new press release, EA brought in Non-GAAP net revenue of $995 million, well exceeding previous guidance, for the quarter that ended on March 31. However the company predicted that for the current quarter it would bring in between  $460 million to $500 million in revenue. That was below analysts' expectations and caused EA's stock price to go down in after hours trading.

EA offered up an update on its upcoming game schedule which had one major change. Mass Effect 3, the sci-fi RPG from developer BioWare, won't be out by the end of 2011 as previously announced. Instead the game will be released sometime in the first quarter of 2012.

EA also offered an update on sales from previously released games. It said that three games released in the last quarter, Crysis 2, Dragon Age 2 and Dead Space 2, have all sold over 2 million copies each. EA said that Dead Space 2 in particular has had 40 percent higher sales  than the original over the same time period. Also, Battlefield Bad Company 2 has so far sold a total of over seven million units while Medal of Honor, Need For Speed Hot Pursuit and Madden NFL 11 have each sold over 5 million units.

Upcoming EA game releases include Alice: Madness Returns and Shadow of the Damned in June and a boatload of sports games in the July-September quarter. For the final quarter EA has high hopes for the success of Battlefield 3. It said that pre-orders are already 700 percent higher than those for Battlefield Bad Company 3. Other major game due out in the final quarter of 2011 is  Need For Speed The Run. Finally the long awaited MMO Star Wars The Old Republic is scheduled for release during the second half of 2011

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