Net revenue down 17% for EA's Q1
US publishing giant Electronic Arts saw its net revenue drop by 17 per cent fort the three months ending June 30th.
In its release to investors, the company reported $1.66 billion in net revenue, down from 2023's $1.92 billion. Of that, $1.4 billion came from live-service titles, while $250 million was generated by full games.
Net bookings clocked in at $1.26 billion, down 20% year-on-year, though this it did beat its guidance.
“EA delivered a strong start to FY25, beating net bookings guidance as we continue to execute across our business,” EA CEO Andrew Wilson said.
"Our focus on delivering bigger, bolder, and more connected experiences for our players has never been sharper and is illustrated by the record-breaking launch of EA Sports College Football 25 as we head into another historic Q2 sports season at EA."
EA CFO Stuart Canfield added: “Strong execution, live events and continued player engagement across our experiences, delivered Q1 results above expectations. Looking ahead, the remarkable success of our launch week for College Football, combined with the upcoming launches for EA Sports Madden NFL, EA Sports FC and Dragon Age: The Veilguard, is building momentum for FY25 and beyond. We are well positioned to deliver our multi-year financial objectives.”
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