EA Beats Q1 Expectations Achieving $1.45 Billion In Revenue

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2010
EA

In its earnings call yesterday, EA reported net revenues up 14% to $1.45 billion for the first quarter of its fiscal 2018 (Q1 ended on 30 June) with 60% coming from digital sales. The company beat its expectations for the quarter which were $1.425 billion according to Gamesindustry.biz.

“Q1 was an outstanding quarter, with thriving player communities in our top franchises like Battlefield, our EA SPORTS portfolio, Star Wars, and The Sims continuing to grow our network and drive our digital business,” said Chief Executive Officer Andrew Wilson. “We have built strong momentum, and now we are accelerating into a year of tremendous innovation, where extraordinary new games, content-rich live services, and expanding global competitions will deliver more fun for our players and fuel growth for Electronic Arts.”

EA attributed its outstanding performance in Q1 to the continued growth of its live services – EA SPORTS live services, the expansion of FIFA Mobile to more than 95 million unique players and NBA Live Mobile which grew to more than 70 million unique players. Revenue also grew due to its strong Sims community with monthly active players increasing by more than 20% year-on-year in Q1 and the growth of its Battlefield 1 community.

The company also shared highlights from its EA Play event in Hollywood earlier this year where they shared some of their FY 2018 titles. The trailers and videos launched during this event generated more than 115 million views on social channels, twice as many as last year’s content. The event also attracted nearly 200,000 players.

EA promised much more for FY 2018 from new games to more content as well as new competitive gaming structures and improvements to its digital platform.

The full earnings call transcript can be read here