EA's annual report: the company's profit increased by 59%, and Apex Legends revenues reached $ 3.4 billion

Electronic Arts (EA) has reported for fiscal year 2024, which ended on March 31, 2024.

Apex Legends

Company information

  • EA reported that its net revenue increased by 2% compared to last year and reached $7.56 billion. Of this amount, $5.54 billion was brought by game services.
  • Net revenues amounted to $7.43 billion. An increase of 1%.
  • The largest platform in terms of revenue is the console. It brought in $4.6 billion (+6%). PC is in second place — 1.62 billion dollars (-7%). Mobile closes the top three with $ 1.18 billion (-5%).
  • EA's net profit increased by 58.7%. It amounted to 1.27 billion dollars.
  • EA expects its revenue to decline next year. She forecasts revenue of $7.1-7.5 billion and net profit of $0.9-1.08 billion.
  • The company has launched a share repurchase program. She is going to spend $5 billion over three years to buy her own shares.

Game data

  • In fiscal 2024, EA sports franchises performed particularly well. In particular, Madden NFL set a record for net receipts.
  • The net receipts of Apex Legends for the entire existence of the game reached $ 3.4 billion.
  • 85 million people have played in The Sims 4. Over the year, the game's audience grew by a double-digit percentage.
  • The Sims Online and The Sims Mobile have been downloaded 500 million times in total.
  • The largest team in the history of the franchise is currently working on the Battlefield series.
  • EA plans to release two unannounced games by March 31, 2025. One is a game from partners. The second is a game based on the company's own IP, according to insider Jeff Grubb, this may be a new Dragon Age.

A source:

Electronic Arts
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