By Daniel Hunter

Shares in video games developer Electronic Arts (EA) jumped 5% after a 60% rise in revenues in the final quarter of 2014.

EA reported profits of $142m for the three months to the end of December, compared with a loss of $308m in the same period last year, and revenues of $1.13bn (£744m), a 60% increase on last year.

The developer, famous for the FIFA and Madden NFL series and life-simulator Sims, said there was a 62% rise in sales for games on the Xbox 360 and Playstation 3 consoles as retailers heavily discounted the older consoles for Christmas.

EA's mobile-standing was much improved as well, with a 26% rise in sales. It now has 160 million monthly unique users for its mobile games.

"Great execution with our leading IP [intellectual property], new mobile hits and continued strength in our catalogue of top games and services were the foundation for an excellent performance in the third quarter," said chief executive Andrew Wilson in a statement on Tuesday.

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