EA hits $2.03bn net revenue for Q2
US publishing giant Electronic Arts saw its net revenue hit $2.025bn for the three months ending September 30th.
That's a 5.8 per cent increase year-on-year. Of that $2.205 billion figure, 35 per cent was from full game sales while the other 65 per cent was from live services and 'other'.
EA called out The Sims in its press release, saying that 15 million new users have started playing the game within the last year, resulting in higher-than-anticipated net bookings for the series.
Overall, net bookings hit $2.079 billion for the quarter, a 14 per cent increase year-on-year.
“EA delivered another strong quarter with record Q2 net bookings, driven by our incredible teams, broad portfolio and technology leadership,” EA CEO Andrew Wilson said.
“The momentum in our business reinforces our strategic vision to deliver innovative experiences and interactive entertainment that deepens and expands engagement across our global communities.”
CFO Stuart Canfield added: “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. We remain confident in our ability to drive long-term value creation through increased scale, driving top-line growth, improved margins, and greater cash flow as shared at our Investor Day.”
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