Wed November 01 2017
by Charlie Fripp, ESPN
Love them or hate them, but Electronic Arts (EA) has had a bumper second quarter for profits – driven in large by its hefty sports (and by extension, esports) offerings.
With titles like Madden NFL 18, FIFA 18, NBA Live 18, and NHL 18 out this quarter, EA CEO Andrew Wilson said it is these titles that drove profit.
“It was a strong second quarter for Electronic Arts, with players around the world captivated by our new EA Sports titles, top-performing mobile games, and expanding esports competitions. The digital transformation is accelerating across our industry, and we are well-positioned for continued growth with more stunning new titles, thriving event-driven live services including competitive gaming, and continuing innovation for our players on all platforms,” he said in a statement.
Digital revenue for the quarter (which includes full game downloads, live services, and mobile titles) was up 22% to $566 million.
“We saw a notable shift to digital in our sports titles and remarkable growth in Ultimate Team,” said EA CFO Blake Jorgensen in a statement.
“Our sports titles have once again shown their value in delivering a stable and dependable performance. This quarter demonstrates how they can drive our business and offers a window into how our games will evolve over the months and years to come.”
EA reported net revenues up 7% year-over-year to $959 million, with net losses trimmed from $38 million to $22 million.