The global pandemic is forcing people back home to look for things to do, and gambling in particular has seen tremendous momentum during this difficult time. This can confirm it Electronic arts, which saw a dramatic increase in spending on its games in its first quarter of the fiscal year.
The company said the quarter ended June 30 was the best first quarter of the fiscal year in 38 years of history.
EA reported total revenue of $ 1.46 billion for the period, while the company made a profit of $ 365 million. The vast majority of EA’s revenue for the quarter – $ 1.1 billion – came from microtransactions, known as “live services”.
« It has been an extraordinary quarter and we are deeply proud of all that our Electronic Arts teams do for our players.“Said the CEO of EA Andrew Wilson. « We have launched new games, gamers are deeply involved in our live services, and we have welcomed tens of millions of new players to our network. This has been an unprecedented first quarter of growth for our business and we will continue to build this strength with more innovative experiences, more innovative content, and more ways to connect with friends and play fantastic games throughout. the year.. «
Blake Jorgensen, CFO of EA, added that the numbers of ” player involvement“For EA games were”exceptionally high“And above EA’s forecast.
The Sims 4 in particular was a huge success for EA during the quarter, reaching over 30 million players to date. The number of daily, weekly and monthly active players for The Sims 4 has reached ” record levels“During the quarter.
Additionally, the new Apex Legends season 5 update went very well, reaching ” higher levels of season 1« .
In total, EA released over 30 new content updates for all of its console / PC games and over 50 updates for its mobile titles during the period, which helped drive global engagement.
This quarter also saw EA return to Steam, bringing nearly 30 titles to the platform, including Mass Effect 3, Star Wars: Battlefront II, Dragon Age: Inquisition, and more.
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Source : Reddit