Electronic Arts Reports Record Revenue

Electronic Arts Reports Record Revenue

For its fiscal year ending 3/31/23, Electronic Arts (NASDAQ: EA) reported record revenue of $7.4 billion, up 6% from fiscal 2022.  For the fourth quarter FY 23 revenue was up 3% to $1.87 billion.  The biggest growth area for EA has been live services which was up 10% YOY in fiscal 2023 and 8% in Q4. Analysis At $1.87 billion, EA’s Q4 revenue beat its estimate of between $1.7 to $1.8 billion.  However, this was after EA had .....
Electronic Arts Lowers Revenue Forecast

Electronic Arts Lowers Revenue Forecast

For the third quarter ending 12/31/22, Electronic Arts (NASDAQ: EA) reported net revenue increased 5% over the previous year’s quarter to $1.88 billion.  Net income for the quarter was $204 million, up from $66 million for the previous year’s quarter. However net bookings for Q3 FY 23 were down 9% from $2.58 billion the previous year to $2.34 billion for the quarter ending 12/31/22.  For the trailing twelve months bookings were down 1% to $7.15 billion Electronic A.....
Electronic Arts Had Strong 2022

Electronic Arts Had Strong 2022

For 2022, Electronic Arts (NASDAQ: EA) was one of the strongest performers in the DFC Intelligence Interactive Entertainment Stock Index.  Of course, 2022 was a down year for most stocks and EA was no exception.  However, the decline in EA’s stock price in 2022 was only 8% versus an average 30% for the index. As DFC reported, Electronic Arts was able to maintain revenue even in the absence of new products rele.....
Electronic Arts Does Well Without New Games

Electronic Arts Does Well Without New Games

Electronic Arts announced solid results for its second quarter ending 9/30/22.  Overall revenue for the second quarter and the trailing twelve months was up 4% over the previous year period.  Live services has represented 73% of revenue over the past 12 months. Analysis Electronic Arts’ results are impressive given that they are not releasing many new titles.  The only titles that have been released in the first half of fiscal 2023 are.....
Electronic Arts FIFA License to End

Electronic Arts FIFA License to End

Starting in 2023, Electronic Arts’ soccer games will no longer use the FIFA license.  The deal was originally started in 1993.  In 2013, the license was extended until the end of 2022.  Starting with the July 2023 release, new soccer (football) games will be called EA SPORTS FC. Analysis This news comes as no surprise.  Last October .....
Electronic Arts and Activision Blizzard Focus on Games As A Service

Electronic Arts and Activision Blizzard Focus on Games As A Service

The new DFC report, The Business of Video Games, looks at the gap between games as a service and traditional pay-to-play games.  As we discussed last week, these are two very different segments of the industry.  This week we are looking at how two traditional pay-to-play game companies, Electronic Arts and.....

Big Plans for Electronic Arts Esports Division

DEC. 12, 2015 • Two months after Activision Blizzard, Inc. unveiled a separate division to oversee esports opportunities, Electronic Arts, Inc. announced its own Electronic Arts Esports initiative titled Competitive Gaming Division (CGD). Chief operating officer Peter Moore is moving over to head the new division as executive vice president and chief competition officer. Joining him as senio.....