Today Electronic Arts released its financial results for the fourth quarter of the fiscal year 2022, related to the period between January 1 and March 31, 2022.
You can find a summary of the publisher’s performance in the table below.
Both net revenue and net income show significant improvement year-on-year.
The press release also includes the traditional statement from chief executive officer Andrew Wilson, boasting a “record year” for the company.
“FY22 was a record year, with hundreds of millions of players around the world joining in our games to play, watch, and create with one another. With amazing games, built around powerful IP, made by incredibly talented teams, and outstanding engagement in our live services, FY23 is set to be a year of innovation and growth for Electronic Arts.”
Chief operating and financial officer Chris Suh also commented, mentioning that Q4 has been another strong quarter driven by live services.
“We finished the year with another strong quarter of revenue and profit growth, driven by our live services business which was 85% of our net bookings in Q4. We have a strong foundation of deeply engaged players, rich IP and a resilient business model, which we will continue to invest in to deliver growth in FY23 and beyond.”
We then get a list of highlights of the publisher’s performance and financial metrics for the quarter we learn that FIFA had more than 150 million accounts during the fiscal year and APEX legends set records for the highest engagement since launch with season 12.
- Net bookings for fiscal 2022 was $7.515 billion, up 21% year-over-year.
- Live services and other net bookings were up 17% year-over-year and represent 71% of total net bookings in fiscal 2022.
- The EA player network grew 16% year-over-year to more than 580 million unique active accounts.
- During FY22, EA SPORTS FIFA had more than 150 million accounts.
- FIFA Mobile just had the biggest quarter ever with new unique players surging nearly 80% year-over-year.
- Apex Legends Season 12 set records for the highest engagement since launch.
- It Takes Two won over 90 awards during FY22.
If you’d like to compare, you can check out the results for the previous quarter, which were announced in February.