Electronic Arts Releases Financial Statement; Stock Price Rises

Electronic Arts shareholders are probably smiling today as the stock price has shot up over 2.3% following the release of the company’s financial statement for fiscal year 2018. Electronics Arts has beaten sales expectations for several of its titles over the last year. ““Our success is driven by the way we have changed, and continue to change, our relationship with players. They want more depth in their favorite games, and fresh content that can hold their attention year-round. This has made our business much more stable and enabled us to deliver a dependable and growing cash flow to investors,” wrote Blake Jorgensen, COO and CFO for EA.

One especially noteworthy highlight for the company was digital content sales. EA earned over $3.5 billion from digital content sales in 2018 which is a 17% increase year-on-year. Digital represents 68% total net bookings over the last year.

EA also reports that there are over 90 million EA Sports players on current generation consoles. Of that total, over 18 million users played competitively on FIFA 18 and Madden NFL 18 which represents a 75% year-on-year increase.

Electronic Arts boasts over 54 million Battlefield players and over 80 million The Sims players. The latter franchise’s players are spread between PC and mobile.

EA earned over $615 million in net cash in Q4 and nearly $1.7 billion for fiscal year 2018.

Share this article: