Electronic Arts' Mobile Revenue Climbs 10% Year-Over-Year to $57M in First Quarter

Electronic Arts said today that its mobile revenue climbed 10 percent from the same quarter a year ago to $57 million in the first quarter ending on June 30. At the same time, revenue from Sony’s PSP fell 42 percent and declined by 27 percent on Nintendo DS in another sign that the traditional console giants are losing power to smartphone platforms operated by Apple and Google. These numbers are on a non-GAAP basis, meaning they aren’t according to generally accepted accounting principles which would factor in acquisitions costs and stock-based compensation.