Gaming Company Electronic Arts has reported the earnings for its last quarter. The gaming giant performed ahead of expectations.
The earnings from the company’s microtransaction bucket – Live Services, clocked almost $1 billion. Another major highlight was Star Wars Jedi: Fallen Order, which also exceeded expectations.
EA made $993 million from live services during the holiday quarter ended 31st December. For the entire 12 months, EA earned $2.835 billion from microtransactions. The company made a sum of $1.593 billion in revenue for the quarter and $361 million in profit. Microtransactions are really a big thing for EA.
A vast majority of the company’s microtransaction revenue comes from the Ultimate Team modes for their sports games such as FIFA, NHL and Madden.
EA also stated that Star Wars Jedi: Falled Order performed incredibly above expectations. The publisher was modelling sales of 6-8 million copies, bunt now EA is expecting sales to reach 10 million copies during the current fiscal year ending 31st March.
Moreover, EA said Star Wars: Battlefront II performed incredibly well too due in part to the fresh interest in Star Wars overall owing to The Rise of Skywalker and more.
EA additionally said Apex Legends recorded higher player engagement during Season 3 than in the previous season, and EA will be eager to build on that momentum for the upcoming season.
Also during the revenues call, Electronic Arts re-assured its plans to unveil a new Battlefield game on PS5 and Xbox Series X. The company is planning extra releases as well, EA CEO Andrew Wilson stated. “We’ll be ready to lead with some of our top titles,” he said.