FIFA and F1 drive EA to Q1 growth

FIFA and F1 drive EA to Q1 growth

-

Codemasters racer outperforms expectations as FIFA Ultimate Team average player numbers jump 40%

Despite a downturn in the financial fortunes of many publishers, Electronic Arts continues to show growth thanks in large part to its sporting efforts.

The company today reported results for the first quarter of its fiscal year (three months ended June 30), showing sales and profit growth driven by its F1 and FIFA franchises.

Electronic Arts Q1 numbers

Revenue: $1.77 billion (up 14% year-on-year)


Bookings: $1.3 billion (down 3%)


Net income: $311 million (up 52%)

“Our FIFA franchise and the successful launch of F1 drove our net bookings outperformance, delivering another quarter ahead of expectations,” said EA CFO Chris Suh.

EA reported growing engagement across a number of FIFA efforts, with FIFA Mobile seeing record quarterly daily active users, FIFA Ultimate Team seeing a 40% jump in year-over-year daily and weekly average player counts, and FIFA Online posting unspecified record engagement numbers.

The F1 series also delivered net bookings ahead of EA’s expectations.

Beyond those efforts, EA’s year-over-year numbers were also boosted by the acquisition of Golf Clash developer Playdemic, a deal that closed in the publisher’s second quarter last year.

Company-wide, EA reported 600 million active EA accounts, up 3% quarter-over-quarter.

EA also reiterated its previous guidance for the full fiscal year, and announced a quarterly cash dividend of $0.19 a share that would be paid out to shareholders next month.

Read More

Latest news

Will Smith’s ‘Emancipation’: What the Critics Are Saying

The review embargo for Antoine Fuqua’s much-talked about escaped slave drama Emancipation lifted on Wednesday evening and early critics’...

‘Emancipation’ Review: Will Smith Leads Antoine Fuqua’s Propulsive but Shallow Slave Drama

Lately, I’ve been examining my deep ambivalence toward slave movies — an attitude motivated by a suspicion of Hollywood’s...

Will Smith Returns to Red Carpet for ‘Emancipation’ Premiere: “Poetic Perfection” to Have a Movie Like This

Will Smith’s Emancipation press tour rolled through Los Angeles on Wednesday as the Oscar-winning actor turned up to support...

Zoe Saldaña Says She “Felt Artistically Stuck” While Working on Film Franchises for Past 10 Years

Zoe Saldaña is reflecting on the major tentpole projects that have helped define her career since the late 2000s....
- Advertisement -spot_img

Lionsgate Film, Distribution Chiefs Talk Possible Studio Business Spinoff, Starz Rebrand

Lionsgate hasn’t unveiled any megadeal, but top executives at the Hollywood studio talked up the benefits of potentially spinning...

50 Cent’s G-Unit Sneakers Rivaled Air Jordan At Their Peak, Says Reebok CEO

50 Cent’s G-Unit sneaker was such a cultural phenomenon that its success rivaled that of Air Jordan at its...

Must read

- Advertisement -spot_imgspot_imgspot_imgspot_img

You might also likeRELATED
Recommended to you