Electronic Arts, or EA, reported its performance for the quarter ending June 2024 with a total revenue of 1,660 million dollars, a decrease of 14% compared to the same quarter in the previous year. The net profit amounted to 280 million dollars.
A key metric EA emphasizes is net booking (total revenue minus online game service fees), which stood at 1,262 million dollars. This was driven by the popularity of Madden NFL 24, FC Online, and FC Mobile.
CEO Andrew Wilson stated that the company is focusing on delivering games in a larger portfolio to provide a better player experience. Towards the end of the quarter, EA SPORTS College Football 25 achieved success with over 5 million players in the first week, which is expected to have a positive impact on the current quarter.
TLDR: EA reported a decrease in revenue for the quarter ending June 2024, with a strong performance in key titles such as Madden NFL 24 and a successful launch of EA SPORTS College Football 25.
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