EA tees up Battlefield launch and credits EA Sports for strong fiscal Q4
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Summary
US gaming company, EA Sports, has published its preliminary results for its 2022 fiscal Q4 and full-year ended 31 March, reporting revenues of $7.463bn, a drop of 1.6% YoY.
The company saw increased revenues across its gaming franchises, such as Madden NFL, FIFA and UFC, driven by the continued shift to console platforms.
Its live services and other revenues were $5.461bn, down marginally YoY, impacted by a decline in certain mobile titles.
Its full-game downloads revenues were $2bn, up 7% YoY, driven by a strong performance from its sports titles.
Its net income was 254magainst182m last year, while EPS was 98 cents per share, compared with 67 cents per share last year.
The company expects to continue its growth trajectory in the next fiscal year, forecast revenues of 7.6bnto8bn, driven by the launches of Battlefield and Skate, as well as growth in its live services.
It also expects continued growth in live services and the launch of new non-annual titles in FY27.