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EA’s Q1 Revenues Up to $1.55 B as Economies’ Reopening Drags Operating Earnings

August 5, 2021
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EA’s Q1 Revenues Up to $1.55 B as Economies’ Reopening Drags Operating Earnings

Electronic Arts Inc.’s quarterly revenue beat its own expectations backed by launches coupled with strong execution in live services, according to a press release by EA on Wednesday.

EA reported net revenue of $1.55 billion in Q1 2022 over its expected revenue of $128 billion. FIFA Ultimate Team matches increase by 48% YoY for the quarter.

Electronic Arts also recorded higher earnings-per-share, which boasted $0.71 compared to the company’s estimate of $0.63.

Battlefield 2042 is set to launch on October 22, 2021, and it is a good boost based on showcase events.

The acquisition of Codemasters is set to bring high-quality racing games into its upcoming stable additions on EA play.

The California-based EA raised its annual sales forecast ahead of the slowdown in gaming as world economies inch back to normal, pushing gamers to drop their consoles and step outside.

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