EA Reports Record Q2 Earnings; Sports Games Drive Growth Amid Apex Legends Setback

October 30, 2024
EA Reports Record Q2 Earnings; Sports Games Drive Growth Amid Apex Legends Setback
  • Electronic Arts (EA) recently held its Q2 2025 earnings call, revealing strong fiscal performance with net bookings reaching $2.08 billion, a 14% increase year over year.

  • For the quarter ending September 30, 2024, EA generated $2.05 billion in revenue, marking an 8% rise from the previous year, despite a 26% drop in net income to $234 million.

  • In light of this performance, the company raised its annual net income expectations to between $1.02 billion and $1.16 billion, up from previous estimates.

  • EA also adjusted its full-year guidance, projecting net revenue between $7.4 billion and $7.7 billion, reflecting confidence in sustained growth.

  • CEO Andrew Wilson emphasized EA's strategic vision to shape the future of entertainment through community engagement and innovative gameplay.

  • The launch of College Football 25 has been particularly successful, doubling new player engagement year over year and contributing to strong sales.

  • Both 'Madden NFL 25' and 'College Football 25' were the top-selling video games in the U.S. for August, with the college title emerging as the year's best seller.

  • Additionally, the EA Sports App is set to launch in Spain, leveraging partnerships with La Liga to enhance interactive gaming experiences.

  • EA Sports FC 25, launched in September 2024, has also seen significant growth, with a global player base increasing by over 130%.

  • CFO Stuart Canfield expressed confidence in EA's momentum, anticipating the company will outperform market expectations for net bookings growth through FY2027.

  • Despite a challenging economic environment, EA's sports games continue to engage players, showcasing the resilience of franchises like 'Madden NFL' and 'College Football'.

  • Conversely, Apex Legends faced challenges as net bookings fell short of expectations due to lower player engagement, particularly following the launch of its Season 22 Battle Pass.

Summary based on 3 sources


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Sources

Electronic Arts (EA) Q2 2025 Earnings Call Transcript


Sports titles drive record quarter for EA

GamesIndustry.biz • Oct 30, 2024

Sports titles drive record quarter for EA

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