EA Reveals Q2 Report

EA Reveals Q2 Report

Business

02 November 2023 16:36

Electronic Arts revealed its Q2 FY24 financial report. During the second quarter of fiscal year 2024, Electronic Arts achieved a net revenue of $1.91 billion, marking a 0.5% year-over-year increase. Live services constituted 67.5% of this total, amounting to $1.29 billion.

Net income for the same period reached $399 million, reflecting a significant growth of 33.4% compared to the corresponding period in the previous year. CEO Andrew Wilson stated "Live services are the foundation of our business. Over the next few years, our teams will innovate and expand our biggest IP as we build platforms and ecosystems to connect massive online communities that will expand them across the world.”EA recently revealed new plans for growth of the company.

Tags: Electronic Arts

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