EA report: during the quarter, game services brought the company $1.3 billion. This is 68% of her income

Electronic Arts (EA) has also published a financial report for the quarter ended December 31, 2023. Below is a squeeze from it.

Apex Legends

Company information:

  • EA reported that its net revenue was $1.94 billion. An increase of 3% compared to 2022. Of this amount, $1.32 billion went to games services;
  • The console is the largest platform by revenue. Console games generated $1.3 billion, PC games — $420 million, mobile games — $296 million;
  • net receipts (net bookings) have hardly changed over the year. They amounted to $2.36 billion, which is 1% more in annual terms;
  • EA's net profit increased by 42% to $290 million.

Game data:

  • EA is pleased with the financial performance of EA SPORTS FC. According to the company, the net proceeds of the franchise turned out to be higher than it expected. The amount is not called, but it is known that it increased by 7% compared to 2022;
  • The number of daily active FC Mobile users increased by 29%. 20% more new players joined FC Online than in October-December 2022;
  • EA spoke about the growth in net revenues of the EA SPORTS Madden NFL franchise. It was 5%;
  • Users began to play The Sims 4 more. In October-December 2023, they spent a total of 1.8 billion hours in the game - an increase of 30% year—on-year. Recall that The Sims 4 switched to a free-duplex distribution model on October 18, 2022;
  • The audience of Battlefield 2042 has increased by 17 over the year%;
  • This quarter, Apex Legends did not meet EA's financial expectations due to "high competition." But the company pointed out that the recent collaboration with Final Fantasy VII Rebirth was extremely promising. In early January, thanks to her, Apex Legends topped the weekly chart of the highest-grossing products on Steam.

A source:

Electronic Arts
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