Electronic Arts Generates $1.1 Billion In Net Revenue In Q2 FY21

Source: ea.com

US-based video game company Electronic Arts (EA) reported $1.1 billion in net revenue for the second quarter of its fiscal year ending March 2021. 

The company generated $2.6 billion in net revenues during the six months ended September 30th. However, its gross profit is $865 million for Q2 and $2 billion for H1 FY21. 

In the meantime, Electronic Arts generated $5.6 billion for the trailing 12 months, with a 8% year-on-year increase. 

“Thanks to the incredible work of our teams and everything they continue to do for players while working from home, we’re delivering more fan-favorite games, growing our leading live services, and engaging more players across more platforms than ever before,” said Andrew Wilson, CEO of Electronic Arts. “Our business has grown significantly this year, and we are projecting continued expansion into FY22 and beyond.”

“We delivered a quarter well above our guidance, driven by our live services, particularly Madden and FIFA. This resulted in a new record trailing twelve-month cash flow of $2.04 billion. We are pleased to announce a new share repurchase program and also to initiate a dividend for the first time in EA history,” said COO and CFO Blake Jorgensen. 

Written by Maya Robertson

Leave a Reply

Your email address will not be published. Required fields are marked *

Take-Two to acquire Dirt 5 publisher Codemasters for $973.8 million

Apple requires app developers to submit app privacy information before December 8