EA delivers strong revenue results in the quarter, driven by F1 and FIFA Ultimate Team

The last days of FIFA keep EA in the position of prime minister

It’s long-time developer/publisher Electronic Arts’ turn to share its results for the most recent quarter of fiscal 2023. And while many publishers are showing a drop in overall revenue, EA appears to be relatively healthy, buoyed by its continued dominance over the sports game industry.

EA’s overall revenue was up 14% year-over-year, translating to a hefty $1.77 billion. Net income also increased, offering a whopping 52% increase that equates to $311 million. It’s probably no surprise that the fifa franchise remains one of the aces in EA’s portfolio, with fifa mobile and the FIFA Ultimate Team microtransaction service continues to grow in both revenue and users. FUT, in particular, has seen its user base increase by 40% in the last 12 months.

It also appears that EA’s purchase of Codemasters was a very smart move, as the UK developer F1 22 it has actually exceeded the publisher’s expectations. Codemasters was, of course, bought by EA for $1.2 billion in early 2021. EA hoped the acquisition would give it a commanding share of the racing game market, and it looks like the British studio is already living up to those hopes.

This years fifa entry, fifa23, will be the last football simulator released under the official FIFA brand. While EA has a big task ahead of it to rebrand one of the biggest and most profitable gaming franchises on the planet, the community knows where its dedication lies, and it seems highly unlikely that the loss of the FIFA brand will hurt the outcome. end of EA in the largest. image.

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