As we speak Digital Arts introduced its monetary outcomes for the primary quarter of the fiscal yr 2024, associated to the interval between April 1 and June 30, 2023.
The corporate recorded $1.578 billion in web bookings for the quarter, up 21% year-on-year.
Of those, 75% of the full ($1.177 billion, up 4% year-over-year) had been from reside companies.
Web revenue was $402 million, up from $311 million in the identical interval final yr.
As standard, the press launch included the normal assertion from CEO Andrew Wilson, who boasted concerning the “report Q1” and talked about that it was pushed by EA Sports activities Fifa (which can develop into EA Sports activities FC with this yr’s installment) and Star Wars Jedi: Survivor.
EA delivered a report Q1, pushed by robust momentum in EA SPORTS international soccer and Star Wars Jedi: Survivor. Our distinctive groups are creating revolutionary leisure experiences throughout our multi-year pipeline, beginning with the extremely anticipated, tradition defining titles Madden NFL 24 and EA SPORTS FC 24.
We additionally hear from CFO Stuart Canfield.
We had a robust begin to the fiscal yr, with web bookings development of 21% yr over yr, highlighted by new releases, continued reside companies development, wholesome engagement, and new participant acquisition. Trying forward, our groups stay centered on delivering long-term development and profitability.
We additionally hear that EA Sports activities Fifa delivered report income in Q1 for the franchise.
Star Wars Jedi: Survivor can be talked about within the working highlights, with EA mentioning that the corporate is seeing gamers spend extra time in-game than in its predecessor.
If you would like to dig deeper, you’ll be able to examine at present’s outcomes with historic knowledge for the earlier quarter, which Digital Arts shared in Could.