Electronic Arts has released its report for the fiscal year ended March 31. The company’s revenue stayed on the same level, although its live services continue to grow.
- Net revenue was $5.62 billion, which is up only 1.6% year-over-year.
- However, EA increased its revenue from live services (paid subscriptions, games like Apex Legends, DLCs, etc.) to $4 billion, as they now account for 71% of the company’s total revenue.
- Revenue from games was $1.6 billion, which is down 16.9% from the previous year.
- Net income was $837 million, which is down 263% year-over-year. It’s due to the fact that EA managed to receive one-time tax benefits during the previous period.
- Electronic Arts also expects $6.8 billion in revenue and $390 million in net income for the new fiscal year.
- EA released 13 new games, with over 42 million new players joining its network during the fiscal year.
- FIFA 21 has now over 25 million players on consoles and PC. The number of FIFA Ultimate Team users also grew 16% year-over-year.
- Apex Legends surpassed 100 million active players, as 12 million people played Season 8 every week.
- The Sims 4 showed the sixth consecutive year of growth, as the game reached almost 36 million players.
- During the earnings call, EA CEO Andrew Wilson also revealed that Battlefield 6 will be released for both current-gen and next-gen consoles. However, the company promised epic scale battles, unbelievable player count, and destruction. The game will be announced next month.