The title of the game, Electronic Arts, in the first quarter of fiscal year 2021 was again “live service,” but the full ordering of game net seats for the publisher also made a big leap in the three months to 2020. June 30 blockages related to COVID-19.
With the release of two games last quarter compared to none in the previous quarter, Command & Conquer Remastered and Burnout Paradise Remastered, EA has seen a significant increase in online and live online bookings, perhaps also helped by nearly 30 of them. run. publisher titles on Steam throughout the quarter.
EA also announced that The Sims 4 has reached more than 30 million players on all platforms since its release.
Net revenue from all games in the first quarter was $ 359 million. USD, up 37% year-on-year, and net revenue from direct services was $ 1.1 billion. USD, an increase of 16% – total net income for the quarter amounted to 1.46 billion. USD, ie 21% more than a year ago. per year.
EA’s net income was $ 356 million. USD, falling dramatically from $ 1.42 billion. USD during the same quarter last year.
However, much lower net income is related to several one-off tax events that occurred in the first quarter of last year. One related to a U.S. court ruling on inventory compensation costs that required EA to record tax accruals.
The other was due to the transfer of part of its ownership rights from EA to its Swiss subsidiary. At the same time, the Swiss referendum changed income tax rates, allowing the company to realize an income tax credit of about $ 1.7 billion that year alone.
EA’s net order book last year was $ 1.39 billion, compared to $ 782 million a year, largely due to a 98% increase in console net bookings for the year alone, which totaled $ 824 million.
In the end, it turned out that the order of cash games increased by 202% over the year to 287 million. The net order for direct services increased 61% to $ 1.1 billion. USD.
Looking ahead to the next quarter, EA has downgraded its outlook due to both lower expectations for live services at Madden NFL 21 and FIFA 21’s later-than-usual release date of October 9, pushing it into the third quarter.
EA expects second-quarter net income of $ 1.13 billion, net income of $ 61 million and net bookings of $ 875 million, down $ 525 million from the original forecast.
However, EA raised its net order forecast to $ 450 million in the third quarter. Dollars, and 85 million in the fourth quarter. Dollars.
Throughout the year, EA raised its net income forecast from $ 5.5 billion to $ 5.63 billion and its net income forecast from $ 5.5 billion to $ 5.95 billion.
However, it slightly lowered its net income projections from $ 978 million. USD up to 869 million USD.