Today Electronic Arts released its financial results for the second quarter of the fiscal year 2021, related to the period between July 1 and September 30, 2020.
Firstly, the accompanying press release includes statements from Chief Executive Officer Andrew Wilson and Chief Operating and Financial Officer Blake Jorgensen.
Wilson boasts “significant growth” for EA’s business and predicts further expansion into the next fiscal year and beyond.
“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.
Our business has grown significantly this year, and we are projecting continued expansion into FY22 and beyond.”
Jorgensen mentions that the results for this quarter were well above predictions, also mentioning that Apex Legends is expected to become a billion-dollar franchise by the end of the year.
“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.
We are on track to deliver strong growth this year and expect continued growth in fiscal 2022 and in the years to come. Apex Legends is on track to become our latest billion-dollar franchise by the end of the fiscal year. All of our studios continue to execute amazingly well and have enabled us to launch an industry-leading eight games since the beginning of the fiscal year, while continuing to deliver live services content and expand onto new platforms.”
We also get a number of highlights of the publisher’s performance and financial metrics including EA Play subscribers and updated player numbers for FIFA 20.
- Net bookings for the trailing twelve months was $5.577 billion, up 8% year-over-year.
- Launched EA SPORTS UFC 4, Madden NFL 21, Rocket Arena, and Star Wars: Squadrons during the quarter.
- Madden NFL 21 has nearly 30% more players year-over-year.
- Life to date, FIFA 20 has reached nearly 35 million players on console and PC.
- EA Play now has more than 6.5 million paid subscribers.
- During the fiscal year, EA launched more than 125 games and content packs on the Steam platform.
Below you can see a table summarizing the latest financial statistics.
If you’d like to compare, you can check out the results for the previous quarter, which were disclosed in July.