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Wednesday, Jun 12
Electronic Arts (EA -1.8%) reiterates its FY14 (ends March '14) guidance of $4B (matches a $4B...
Electronic Arts (EA -1.8%) reiterates its FY14 (ends March '14) guidance of $4B (matches a $4B consensus) during its analyst day. EA, which is intent on narrowing its focus, also projects its title launch count will drop from 46 in FY12 (24 mobile) to 31 in FY13 (18 mobile) and 25 in FY14 (14 mobile). Opex is expected to decline to 53% of revenue in FY14 from 56% in FY13, and gross margin is seen holding steady at 66%. After soaring 35% in FY13 to $1.66B, "digital" revenue is seen growing slightly to $1.7B in FY14. Also: EA says it now cares more about a game's lifetime ARPU than up-front sales, and hints FIFA 14 will be free-to-play on mobile. (presentation)