Buoyed by the strength of PopCap Games and new titles such as Star Wars: The Old Republic, Electronic Arts today posted the highest operating cash flow in 31 quarters and revenue of $1 billion for the quarter ended December 31.
The Redwood City, California gaming giant, which purchased Seattle-based PopCap for as much as $1.3 billion last summer, also said that its digital revenue tally for the year came in just above $1 billion.
That’s an especially important milestone as EA looks to compete with the likes of Zynga – with a market value of $7 billion — in social games.
But EA’s stock tumbled two percent in after hours trading, due in part to warnings about future sales forecasts.
During the quarter ended December 31st, EA showed a net loss of $205 million. That compared to a loss of $322 million for the same period in 2010.