Electronic Arts today released its fourth quarter reports for the financial year of 2020, and the company as a whole saw increases in sales as well as revenue.
EA Financial Reports for 2020
EA stakeholders and stockholders received some good news today, as the company’s revenue numbers were up from last year. For the quarter ending March 31, 2020, EA’s net revenue hit $1.387B USD, up from the 2019 total at $1.238B USD. Net income for EA in the final quarter of 2020 was at $418M USD, up over $200M from Q4 in 2019.
As for the yearly numbers, those figures were up as well. Digital revenue and net revenue figures were at $4.314B USD and $5.537B USD, respectively for the year. Those numbers are up from EA’s figures from 2019 ($3.710B USD and $4.950B USD, respectively).
In a press release today regarding the news, EA CEO Andrew Wilson stated, “We’re humbled to see people around the world connecting through our games during this unprecedented period.” He added, “Our focus continues to be on everything we can do for our people, our players, and our communities. Thanks to the amazing dedication and determination of our teams at Electronic Arts, we’re able to deliver the games, experiences and content choices that our players are looking for during this challenging time.”
In their yearly numbers, EA also highlighted several of the successful marks that company has hit during the past year. Those highlights include:
- Digital net bookings* for the fiscal year was $4.052 billion, up 9% year-over-year and now represents 78% of total net bookings.
- FIFA 20 has more than 25 million unique players to date.
- Madden 20 reached the highest engagement levels in franchise history.
- Apex LegendsTMÂ was the most downloaded free-to-play game on PS4 in calendar 2019.
- Star Wars Jedi: Fallen OrderTM has more than 10 million unique players to date.
- In every quarter of fiscal 2020, monthly average players in The Sims 4TMÂ were higher than the comparable period in the prior year.
* Net bookings is defined as the net amount of products and services sold digitally or sold-in physically in the period. Net bookings is calculated by adding total net revenue to the change in deferred net revenue for online-enabled games and mobile platform fees.
Lastly, EA also highlighted some of the effects the novel coronavirus has had on the organization. While the virus has caused the cancellation and postponement of some of EA’s events, as well as forcing essentially all of EA’s workforce to work remotely, the company also touted some of the positives that have come out of the pandemic.
Since the outbreak of COVID-19 began, EA has seen an increase in engagement and in net bookings. However, it is still unknown how much the coronavirus will affect the company.
EA Stock Update
EA’s stock did quite well today, as it closed at $119.61, up $2.78 from yesterday. However, after-hours trading has not been kind to EA as of this writing. As of 4:50 PM EST, EA’s stock is down to $114.16.
If you want to check out more details regarding EA’s financial reports for the year of 2020, the full report can be found on EA’s Press Room site. Â Â Â
