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Electronic Arts (EA) reported net revenue of $1.9 billion for the quarter ending September 30, with $1.3 billion coming from live services (microtransactions). The operating income for the same period was $377 million. EA Sports FC, the soccer game that replaced FIFA, reached 14.5 million active accounts within four weeks of its release. EA's net bookings increased by 4% in the September quarter, reaching $1.82 billion, driven by the success of EA Sports FC. The strong performance of EA's sports franchises, including EA Sports FC, is contributing to the growth in net bookings and live service revenue. EA CEO Andrew Wilson believes that Microsoft's acquisition of Activision Blizzard will benefit the gaming industry. He also mentioned that advancements in AI will help EA become more efficient and create bigger and more intricate games.
EA CEO Says Microsoft and Activision Blizzard Deal Is Great For Gaming https://t.co/cRr0HP323Z https://t.co/Xza4HDhyqa
EA Sports FC 24 Gets Huge Discount At Amazon And Best Buy https://t.co/9fYYQDpER8 https://t.co/y3rq8B2ZtV
EA's CEO believes it will benefit from Microsoft's Activision deal. "It means that one of the world's largest companies is going to continue to invest in our industry, to help us grow the industry over time." https://t.co/vIrsjA1YGN https://t.co/Ng0bBzqWXL
EA says the better-than-expected performance of its various sports franchises, including the recently rebranded EA Sports FC (formerly known as FIFA), is driving net bookings and live service revenue. https://t.co/v3GwgRKo4W https://t.co/Qxfh4rEam5
$EA CEO Andrew Wilson tells Steve Kovach that advancements in AI will help the company become more efficient and lead to bigger and more intricate games. “We think we’ll be a disproportionate beneficiary of generative AI” https://t.co/xsU0AKL7jk
EA CEO Andrew Wilson joined @SquawkStreet to discuss the company's revenue growth opportunity after discontinuing their partnership with FIFA and more. https://t.co/HFm4ytdsPC https://t.co/sjUftCWDG4
EA CEO Andrew Wilson "I think Microsoft-Activision is a great thing. It means one of the world's largest companies is going to continue to invest in our industry to help us grow the industry over time..." https://t.co/7s1aZRn9PO
Xbox Elite Series 2 Controller Is On Sale For Its Best Price Of The Year https://t.co/uRbRZChCee https://t.co/MOkOxtYbUR
EA hails "profound" EA Sports FC launch as reborn series tops 14.5M players https://t.co/v3GwgRKo4W https://t.co/6jHOpSKI5m
Electronic Arts lifts annual profit forecast on 'FC 24' strength https://t.co/3I7V6SlAxo https://t.co/vSMZyxM4oE
EA Sports FC hits 14.5M accounts in first month sans FIFA brand https://t.co/D7GvfnyOfa
Soccer without the FIFA name hits 14.5M accounts. EA net bookings hit $1.82B, up 4% in September quarter as soccer game takes off https://t.co/mPTHjpMV1k via @GamesBeat
Within four weeks of its release, EA Sports FC 24 had over 14.5 million active accounts, according to the game’s publisher. https://t.co/QLidAak7Uy https://t.co/2rSEyUQKMh
Electronic Arts net revenue for the quarter ending Sept 30 (covering the releases of Madden and FIFA replacement EA Sports FC): $1.9 billion -- $1.3 billion from live services (aka microtransactions) Operating income: $377 million
Electronic Arts reported financials for FYQ2 with results driven by its newly renamed EA Sports FC soccer game today. https://t.co/fl4cTaCtdA