REDWOOD CITY, Calif.-Shares of Electronic Arts Inc. jumped after the game-making behemoth reported increased mobile sales and surprisingly good overall quarterly revenues.
The company rang up $35 million in mobile game sales, up slightly from the previous quarter’s $33 million. EA reported $784 million in overall quarterly revenue, up 16 percent from $675 million a year ago, and the company boosted its fiscal year outlook as it predicted holiday sales would beat analysts’ expectations.
A longtime leader in console and PC gaming, EA dove into the wireless waters last year with the $680 million acquisition of Jamdat Mobile Inc. EA has consistently ranked as the top mobile game-maker in the world since the deal closed in February, thanks largely to high-profile Jamdat titles including Tetris and Bejeweled. Shares of EA shot up $6.70, or more than 12 percent, to $59.70 per share following the announcement.
Meanwhile, European publisher Gameloft reported a nearly 50 percent increase in quarterly revenue from the year-ago period. Wireless games accounted for 98 percent of the company’s sales during the first nine months of the fiscal year.
