EA Reports Strong Start to FY25 with Record-Breaking Launches and High Player Engagement
Electronic Arts (EA) has released its financial results for the first quarter of FY25, surpassing expectations with $1.262 billion in net bookings. While the company’s performance fell behind that of the same quarter in FY24, EA remains optimistic about its future prospects.
CEO of EA, Andrew Wilson, expressed his satisfaction with the company’s performance, stating, “EA delivered a strong start to FY25, beating net bookings guidance as we continue to execute across our business.” He attributed this success to their focus on delivering bigger, bolder, and more connected experiences for players. Wilson highlighted the record-breaking launch of EA Sports College Football 25 and the anticipation for upcoming releases in Q2, such as Madden NFL, FC, and Dragon Age: The Veilguard.
Despite the decline in net bookings and net revenue compared to FY24, EA credits the high engagement in games like Madden NFL 24, FC Online, and FC Mobile for its better-than-expected performance in Q1 FY25.
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Following the announcement of the financial results, EA’s stock price saw a modest increase of 1-2% in after-hours trading. This positive response from investors reflects confidence in EA’s ability to deliver strong financial results in the future.
Looking ahead, EA projects net bookings to total approximately $1.950 billion to $2.050 billion in the coming quarter. The company also expects net revenue to reach approximately $1.900 billion to $2.000 billion, with net income ranging from $204 million to $248 million.
Overall, EA’s strong start to FY25 and the success of its recent game launches demonstrate the company’s commitment to providing engaging experiences for players. With a focus on innovation and continued player engagement, EA is well-positioned to achieve its multi-year financial objectives. Gamers can look forward to exciting new releases and personalized gaming experiences through the partnership between GamesBeat and Lil Snack.