In a recent financial update, Electronic Arts (EA), the renowned US publishing powerhouse, reported a net revenue decline of 17% for the quarter ending June 30. The company disclosed that its net revenue reached .66 billion, a decrease from .92 billion in the same period last year. A significant portion of this revenue, approximately .4 billion, was derived from live-service titles, while full game sales contributed 0 million.
Performance Insights
Despite the overall revenue dip, EA’s net bookings stood at .26 billion, reflecting a 20% year-on-year decline, although it surpassed the company’s own guidance. EA’s CEO, Andrew Wilson, expressed optimism about the company’s trajectory, stating, “EA delivered a strong start to FY25, beating net bookings guidance as we continue to execute across our business.” He emphasized the company’s commitment to creating “bigger, bolder, and more connected experiences” for players, highlighted by the record-breaking launch of EA Sports College Football 25.
Adding to this positive outlook, EA’s CFO, Stuart Canfield, remarked, “Strong execution, live events, and continued player engagement across our experiences delivered Q1 results above expectations.” He pointed to the impressive launch week for College Football and the anticipation surrounding upcoming titles such as EA Sports Madden NFL, EA Sports FC, and Dragon Age: The Veilguard as key drivers for momentum in FY25 and beyond. Canfield concluded that EA is well-positioned to achieve its multi-year financial objectives.
