EA Wraps Up Strong Fiscal Year with a Spotlight on EA SPORTS FC

EA has ended its fiscal year 2024 on a high note, with its financial results highlighting robust growth and promising plans for the future. EA’s CEO, Andrew Wilson, emphasized the success in delivering “world class entertainment” to millions worldwide, looking forward to new experiences like the upcoming EA SPORTS College Football in FY25.

This year was particularly successful for EA SPORTS FC, the freshly rebranded football franchise which played a significant role in EA’s overall performance. The game contributed to an increase in EA’s net bookings, which totalled $7.430 billion for the fiscal year—an uptick of 1% from the previous year. Notably, EA SPORTS FC and Madden NFL were key drivers of this success.

This performance was also aided by the recent 85% discount on FC 24, which likely contributed to an increase in sales.

In terms of revenue, EA reported net bookings from live services at $5.4 billion, making up 73% of the total. Total net revenue reached $7.562 billion, marking a 2% year-over-year increase. Cash flow also hit record levels, with net cash provided by operating activities soaring to $2.315 billion, a 49% increase from the previous year.

Looking ahead, EA projects net bookings for FY25 to be between $7.3 billion and $7.7 billion. The company also revealed that EA SPORTS FC 25 is slated for a Q2 release, aligning with the game’s traditional late September launch.

Despite an array of bugs and errors in FC 24 and other controversial decisions, EA managed to navigate through these challenges and still increase their profits. Furthermore, the recent increase in the price of the EA Play subscription could potentially boost the company’s revenue streams moving forward.

These developments indicate that while EA is working through some quality issues, they are also strategically positioning themselves to capitalize on new revenue opportunities.

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Just another football and gaming fanatic.
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