Today EA announced its financial results for the first quarter of its fiscal year 2025, related to the period between April 2024 and June 2024.
The quarterly results, defined as “strong,” included $1.262 in net bookings. This was in excess of the high end of the company’s forecast at $1.250 billion. Net revenue was $1.660 billion.
This result was driven by the stronger performance of Madden NFL 24, FC Online, and FC Mobile.
Specifically, Madden NFL recorded weekly average users in Ultimate Team and total net bookings up “double digits” year-on-year.
EA Sports College Football 25 enjoyed 5 million unique players during its first week and 500,000 more played via the EA Play trial.
The press release included the traditional statement from CEO Andrew Wilson, boasting a strong start for the fiscal year and the “record-breaking” launch of EA Sports College Football 25,
“EA delivered a strong start to FY25, beating net bookings guidance as we continue to execute across our business.
Our focus on delivering bigger, bolder, and more connected experiences for our players has never been sharper and is illustrated by the record-breaking launch of EA SPORTS College Football 25 as we head into another historic Q2 sports season at EA.”
We also hear from CFO Stuart Canfield, who also mentioned the results above guidance and the successor of the new College Football game.
“Strong execution, live events and continued player engagement across our experiences, delivered Q1 results above expectations.
Looking ahead, the remarkable success of our launch week for College Football, combined with the upcoming launches for EA SPORTS Madden NFL, EA SPORTS FC and Dragon Age: The Veilguard, is building momentum for FY25 and beyond. We are well positioned to deliver our multi-year financial objectives.”
If you’d like to read more news on gaming industry financial results, we recently saw the announcements for Capcom, Koei Tecmo, and Microsoft.
