EA earned $1.12 billion in digital sales in three months. This is 70% of her quarterly income
70% of Electronic Arts‘ quarterly revenue comes from digital sales. This follows from the publisher’s report for the third fiscal quarter.
The publisher’s quarter ended on December 31. In October-December, he released Jedi: Fallen Order, Plants vs. Zombies: Battle for Neighborville, Need for Speed: Heat. How much each game earned separately is not specified.
Quarterly report
- EA’s revenue for October-December amounted to $1.59 billion. During the same period of the last financial year, the company earned $1.29 billion.
- Net receipts (net bookings) in the third quarter reached $1.29 billion. Recall that net receipts mean the amount of sales of products and services sold during the reporting period in retail and digitally. Net receipts also take into account deferred payments from online games for future periods.
- Two quarterly achievements of the publisher are separately noted. The first is the great success of Jedi: Fallen Order by Respawn. The second is the growth of The Sims 4 audience to 20 million unique users.
- The most important for EA are digital sales, writes Gamesindustry.biz . As already mentioned, they generated 70% of the revenue for the quarter. That’s $1.12 billion.
- Net receipts are also growing in numbers. Their total amount for 12 months jumped by 15% year-on-year and amounted to $4,128 billion. This is 77% of the total net receipts for the period.
- EA also noted that 49% of game copies in 12 months were sold digitally. Over the year, the indicator grew by 2%.
Forecast for the 4th quarter and for the year
- Electronic Arts expects that net revenue in the 4th fiscal quarter will be $1.32 billion, net profit — $308 million, and net receipts — $1.15 billion.
- She also raised her forecast for the entire fiscal year due to the success of her projects. EA plans to earn $5.47 billion in it ($5.4 billion was previously forecast). Its annual profit should increase to $2.93 billion instead of the previously expected $2.84 billion.
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