Artificial IntelligenceCryptocurrencyMetaverseCybersecurityTech Forward

EA Beats Wall Street Estimates on More Game Downloads

August 2, 2016, 8:15 PM UTC
Seagate Technology Plc Black Armor media storage unit
Seagate Technology Plc Black Armor media storage unit is displayed at the company's headquarters in Scotts Valley, California, U.S., on Tuesday, April 19, 2011. Seagate Technology Plc agreed to buy Samsung Electronics Co.'s computer hard-disk drive business for $1.38 billion in cash and stock as shrinking sales accelerates consolidation in the industry. Photographer: Tony Avelar/Bloomberg via Getty Images
Tony Avelar/Bloomberg via Getty Images

Video-game publisher Electronic Arts, known for titles such as FIFA and Star Wars Battlefront, reported first-quarter revenue that beat analysts’ estimates, helped by higher downloads of its games.

The high-margin digital business, where players download digital versions of games, also helped EA post an adjusted profit for the quarter, compared with a loss that the company had forecast.

The company’s shares rose 2.5% in extended trading on Tuesday.

“Our digital business drove this quarter, particularly outperformance from FIFA Ultimate Team on console and Star Wars: Galaxy of Heroes on mobile,” Chief Financial Officer Blake Jorgensen said in a statement.

EA’s (EA) adjusted revenue fell 1.6% to about $682 million in the first quarter ended June 30. Analysts on average were expecting $650.7 million, according to Thomson Reuters.

On an adjusted basis, EA earned seven cents per share. The company had forecast a loss of five cents per share.

Adjusted sales from EA’s digital business rose 6.8% to about $568 million and accounted for 83.3% of total revenue.

Subscribe to Data Sheet, Fortune’s daily newsletter about the business of technology.

 

EA forecast a loss of 17 cents per share and revenue of about $915 million for the current quarter.

Starting from this quarter, EA will stop reporting non-GAAP measures that adjust for deferred revenue, as it has done since fiscal 2008, to comply with stricter guidelines by the U.S. Securities and Exchange Commission.