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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I am always willing to wait longer to have a better quality product. We wouldn't want ME3 to be a let down like DA2, would we?

Hrmm someone said this would probably happen, makes it an even 2 years in development I guess with a jan 2012 release....damn it I need to know how it all ends!

this really sucks for ME3. While it is the last of the series, a holiday release would have been huge for the sales and that would only help BIoware release more quality stuff in the future. I have no doubt in my mind that if ME2 had been released over Christmas as opposed to March it would have probably sold triple what it did. I hope the same doesn't end up true for ME3.

I kinda hate how bioware is following EA with the whole DLC market, its a major rip off for me to buy this game and pay all this money for a few extra hours of game play or new piece of clothing. I also wish they would of allowed developers more time of making dragon age 2 better than it was, i m suprised because in dragon age 1, there was much time and effort put into making that game and you could see it when you play and feel like you got your money's worth. However EA is doing a good job at making their games very affordable and that is very commendable unlike Activision...

"Instead the game will be released sometime in the first quarter of 2011."

That second 2011 ought to read 2012.

Anyways, the delay sucks, sure, but I'd rather have that than a rushed game just to meet a deadline. ME2 also was delayed until January IIRC and still sold just fine. Besides, with so many other great games coming out this fall (assuming those don't get delayed, too), it's nice to have releases spaced out a bit.

"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 2011."

This had me running loops for a second.. then I was like, I see what you did there

I bet a lot of their sales come from digital distributions thanks to services like steam, direct2drive, impulsedriven, gamersgate, EAstore, and games for windows *cough*.

techbeck said,
Was looking forward to ME3 this year.

My perfect excuse to be antisocial over the holidays is gone. Oh well, Battlefield 3!