In a noteworthy financial performance, Electronic Arts (EA), the prominent US publishing giant, reported a net revenue of .025 billion for the quarter ending September 30th. This figure marks a commendable year-on-year increase of 5.8 percent. A closer look at the revenue breakdown reveals that 35 percent of this total came from full game sales, while a substantial 65 percent was attributed to live services and other revenue streams.
Highlights from The Sims and Overall Performance
Among the standout contributors to EA’s success is the beloved franchise, The Sims. The company highlighted that over the past year, 15 million new users have joined the gaming community, leading to net bookings for the series that exceeded expectations. Overall, EA’s net bookings for the quarter reached .079 billion, reflecting a robust 14 percent increase compared to the previous year.
“EA delivered another strong quarter with record Q2 net bookings, driven by our incredible teams, broad portfolio, and technology leadership,” stated EA CEO Andrew Wilson. His remarks underscore the company’s commitment to innovation and engagement within its global communities.
Adding to this positive outlook, CFO Stuart Canfield remarked, “Q2 was another successful quarter for EA, exceeding the high end of our guidance range. As a result, we are also raising our FY25 outlook.” Canfield expressed confidence in EA’s strategy to enhance long-term value creation through increased scale, top-line growth, improved margins, and greater cash flow, as previously shared during their Investor Day.
