EA has been able to beat Q4 expectations, New Battlefield game will be revealed next month

Electronic Arts has revealed their result of the quarter ending March 31, 2021, and it shows the net revenue for Q4 2021 was $1.35 billion, which is down nearly 10% compared to the same quarter of last year. The net income was $76 million, better than the $19 million loss EA expected.

A $5.63 billion revenue was built for the fiscal year 2021, which is up around 10% compared to FY2020. The earning per share was $0.26 in Q4 2021, pretty down from the $1.05 expected by the analysts. Naturally, this created some volatility in EA stock in after-hours trading.

WCCFeaearnings23 EA has been able to beat Q4 expectations, New Battlefield game will be revealed next month

COO Blake Jorgensen said about the success of Apex Legends in the company’s Q4 earnings release, “EA delivered a strong quarter, driven by live services and Apex Legends’ extraordinary performance. Apex steadily grew through the last year, driven by the games team and the content they are delivering. Looking forward, the momentum in our existing live services provides a solid foundation for FY22.”

EA has informed again during the earnings call that the new Battlefield will be unveiled in the next month. And, according to some rumors, Battlefield will feature a near-future setting and will include some kind of new battle royale modes. Andrew Wilson, the EA CEO is very enthusiastic about what the FY2022 might bring…

“Our teams have done incredible work over the last year to deliver amazing experiences during a very challenging time for everyone around the world. We’re now accelerating in FY22, powered by expansion of our blockbuster franchises to more platforms and geographies, a deep pipeline of new content, and recent acquisitions that will be catalysts for further growth.”

To compete with Activision Blizzard, EA needs to replicate that kind of integration the company has pushed between their Warzone battle royale and core Call of Duty games.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

EA Confirms Next Battlefield Release for Fiscal Year 2026

Electronics Arts recently revealed the new Battlefield title in the making will be available no later than...
Exclusive: Why Did Apex Legends Mobile Shut Down?

Exclusive: Why Did Apex Legends Mobile Shut Down?

EA's Apex Legends Mobile was discontinued on May 1, 2023, less than one calendar year on from...
Call of Duty

Call of Duty: Modern Warfare 3 and Warzone Introduce...

The ever-expanding universe of Call of Duty: Modern Warfare 3 and Warzone has just received a chilling...
Vince Zampella

Battlefield Returns to Modern Warfare: Vince Zampella Teases Exciting...

As excitement builds for the next installment of Battlefield, Vince Zampella, head of Respawn Entertainment and a...
Social App

EA Sports Meets Real Life: A Social App That...

Electronic Arts (EA) is gearing up to launch an innovative new social app that blends real-life sports...

LATEST NEWS

Undercover High School Episodes 5 & 6: NIS Agent’s Mission Takes a Personal Turn

In the heart-pounding world of espionage and high school drama, “Undercover High School” continues to captivate audiences with its blend of mystery, action, and...

IIFA Digital Awards 2025 Full Winners List, Vikrant Massey for Best Actor, Kriti Sanon Win as Best Actress, ‘Chamkila’ Named Best Film

IIFA Digital Awards 2025 Full Winners List: On Sunday, the IIFA Awards 2025 reached its grand finale. The IIFA Digital Awards 2025, held on...

Hip Hop India Season 2 Announcement: New Season of the Show to Stream on Amazon MX Player Soon

Hip Hop India Season 2 has been officially announced, and it is all set to bring back the fire to the dance floor! The...

Hewlett Packard Enterprise Shares Plunge 13% Amid U.S. Tariffs

Hewlett Packard Enterprise (HPE) faced a significant market hit as its shares tumbled by 13% on Friday. The AI-server manufacturer cited U.S. tariffs as...

Featured