Today Electronic Arts announced its financial results for the second quarter of its fiscal year 2025, related to the period between July and September 2024.
The company claims record net bookings (if you’re unfamiliar with the term, you can approximately identify it with sales or revenue) for a Q2, driven by the EA Sports label.
Specifically, net revenue was 2,025 million dollars for the quarter, up from 1,914 in the same period last year.
Net income was down, from 399 million dollars to 294.
The announcement was as usual accompanied by a statement by Andrew Wilson, CEO of Electronic Arts.
“EA delivered another strong quarter with record Q2 net bookings, driven by our incredible teams, broad portfolio and technology leadership.
The momentum in our business reinforces our strategic vision to deliver innovative experiences and interactive entertainment that deepens and expands engagement across our global communities.”
We also hear from CFO Stuart Canfield, who mentioned that the company is increasing its full-year outlook as a result of this quarter’s performance.
“Q2 was another successful quarter for EA, exceeding the high end of our guidance range. As a result, we are also raising our FY25 outlook.
We remain confident in our ability to drive long-term value creation through increased scale, driving top-line growth, improved margins, and greater cash flow as shared at our Investor Day.”
Below you can find a few operating highlights directly from the press release. Interestingly, we learn that 15 million players have joined The Sims 4 over the past year.
- Net bookings for the quarter totaled $2.079 billion, setting a Q2 record and exceeding the high end of guidance range of $2.050 billion.
- American Football is on track to exceed $1 billion in net bookings for FY25, with total hours played in Q2 up over 140% year over year, and we also saw new players in the community more than double year over year.
- Through September, College Football 25 was the best-selling HD title in North America and gives EA three of the top ten HD bestsellers in North America.
- Global Football saw live service growth across all platforms in Q2, and total franchise net bookings in FY25 are on track to grow over a record FY24.
- The Sims 4 continues to expand, with more than 15 million players joining the game over the past year. Increased engagement led to higher-than-expected net bookings for the franchise in Q2.
Speaking of the full-year outlook, net revenue is expected to be between $7.400 billion and $7.700 billion. Net bookings are expected to be approximately between $7.500 billion and $7.800 billion.
If you’d like to compare, you can check out the results from the previous financial quarter announced in July. Other companies have also already announced their financials, including Koei Tecmo and Capcom.