The company’s performance was boosted by the broader surge in videogame sales as people shelter at home due to the Covid-19 pandemic.

Videogame sales in the US have surged in the last two months as the virus shut down the country and forced millions inside their homes, with sales in March hitting their highest in over a decade.

Analysts expect the extended stay-at-home orders to further boost sales and user engagement for videogames across all platforms.

SHE, like rivals Activision Blizzard and Take-Two Interactive Software, has a history of guiding conservatively at the beginning of the year.

The company said today that revenue from live services in the quarter were $832m, up about 17% from a year ago.

EA earns a bigger chunk of its sales from its live services which include in-game purchases and “EA Access”, a subscription-based online service, among other items.

With more people staying at home, we have experienced, and are continuing to experience, heightened levels of engagement and live services net bookings growth to date”, EA said in a statement.

EA’s popular titles, including “Star Wars Jedi: Fallen Order” that has over 10 million players to date, competes with other big-budget titles from rivals Activision Blizzard and Take-Two Interactive.

The company forecast full-year adjusted revenue of $5.55 billion, beating analystsaverage estimate of $5.37 billion.

On an adjusted basis, the company’s quarterly revenue fell to $1.21 billion from $1.36 billion, but edged past analystsestimates of $1.19 billion, according to IBES data from Refinitiv.

The year-on-year decrease is driven by the massive launch of Apex Legends a year ago”, Blake Jorgensen, chief financial officer, said on a post-earnings call with analysts.

Its net income jumped to $418m, or $1.43 per share, in the fourth quarter ended March 31, from $209m, or 69 cents per share, a year ago.

RTÉ.ie is the website of Raidió Teilifís Éireann, Ireland’s National Public Service Broadcaster. RTÉ is not responsible for the content of external internet sites. Images courtesy of Sportsfile and Getty Images

Source: https://www.rte.ie/news/business/2020/0506/1136743-electronic-arts-results/

World news – GB – EA sees full-year revenue above estimates

Building on its expertise in the areas of digital, technologies and processes , CSS Engineering you in your most ambitious transformation projects and helps you bring out new ideas, new offers, new modes of collaboration, new ways of producing and selling.

CSS Engineering is involved in projects each customer as if it were his own. We believe a consulting company should be more than an advisor. We put ourselves in the place of our customers, to align we incentives to their goals, and collaborate to unlock the full potential their business. This establishes deep relationships and enjoyable.

Our services:

  1. Create professional websites
  2. Hosting high performance and unlimited
  3. Sale and video surveillance cameras installation
  4. Sale and Installation of security system and alarm
  5. E-Marketing

All our achievements here https://www.css-engineering.com/en/works/

LEAVE A REPLY

Please enter your comment!
Please enter your name here