EA has achieved ‘record’ Q1 financial results

It says Star Wars Jedi: Survivor and FIFA 23 are the biggest reasons for its success

EA has achieved ‘record’ Q1 financial results

EA says its first quarter financial results for its current fiscal year were its highest ever.

The company’s net bookings for the quarter were $1.578 billion, up 21% compared to the same period in the previous financial year.

Net bookings cover the net amount of products and services sold digitally or sold-in physically, and includes not just game sales but other income including licensing fees, merchandise and in-game ads.

According to EA, the main reason for the record-breaking period were the continuaing popularity of FIFA 23, and the release of Star Wars Jedi: Survivor.

“FIFA Ultimate Team engaged tens of millions of fans and daily average users grew 15%,” CEO Andrew Wilson said during an earnings call. “FIFA Mobile attracted over 65 million new players in the quarter alone. FIFA Online produced double-digit growth across monthly, weekly and daily average users.”

FIFA 23’s Q1 net bookings were also a record for the history of the franchise, with CFO Stuart Canfield saying it “further demonstrates the power and potential of a connected massive online community”.

“EA delivered a record Q1, driven by strong momentum in EA Sports global football and Star Wars Jedi: Survivor,” Wilson said in a prepared statement.

“Our exceptional teams are creating innovative entertainment experiences across our multi-year pipeline, starting with the highly anticipated, culture defining titles Madden NFL 24 and EA Sports FC 24.”

Canfield added: “We had a strong start to the fiscal year, with net bookings growth of 21% year over year, highlighted by new releases, continued live services growth, healthy engagement, and new player acquisition.

“Looking ahead, our teams remain focused on delivering long-term growth and profitability.”

Related Products
Star Wars Jedi: Survivor (PS5)
Dead Space (Xbox Series X|S)
Star Wars Jedi: Survivor (Xbox Series X/S)
Some external links on this page are affiliate links, if you click on our affiliate links and make a purchase we might receive a commission.