Electronic Arts (EA) reported strong financial performance for the holiday quarter, with a 42% jump in profits despite a 2.2% pre-market decline. The EA Sports FC franchise revenue grew 7%, contributing to a 1% increase in net bookings to $2.37B, slightly below the estimated $2.39B. Live service games accounted for 73% of EA's revenue, and the net revenue reached $1.95B, up from $1.88B in Q3 2022. However, EA issued FY 2024 revenue guidance below expectations. The performance of EA Sports FC was mixed, as it failed to outsell the last FIFA but still generated more revenue.
EA earnings call show EA Sports FC was a game of two halves, as it fails to out-sell the last FIFA but still makes more money https://t.co/BkytzWiQET
$EA (-2.2% pre) Electronic Arts (EA) issues FY 2024 revenue guidance below expectations https://t.co/k9cPdQmXaX
EA reports Q3 net bookings up 1% YoY to $2.37B, vs. $2.39B est., with EA Sports FC net bookings up 7% YoY, and net revenue of $1.95B, up from $1.88B YoY (@jmaasaronson / Variety) https://t.co/VMnl83luIL 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/4FDUMjP8cV
EA reports Q3 net bookings up 1% YoY to $2.37B, vs. $2.39B est., with EA Sports FC net bookings up 7% YoY, and net revenue of $1.95B, up from $1.88B in Q3 2022 (@jmaasaronson / Variety) https://t.co/VMnl83luIL 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/4FDUMjP8cV
73% of EA’s revenue last quarter came from live service games. https://t.co/ggf9vqUZOy
EA Sports FC franchise revenue grew 7% for the holiday quarter despite the rebrand as EA profits jump 42% https://t.co/gcdQlvr3tm
EA earnings out and interesting.
⚠️ ELECTRONIC ARTS BEATS QUARTERLY PROFIT ESTIMATES ON STRONG 'FC 24' DEMAND Full Story → https://t.co/JsqoSmC16z