EA generated $7.562 billion in its 2024 monetary yr, up 2% year-over-year with $1.21 billion coming from cell.
It is excellent news for Digital Arts as report money move got here by way of the facility of EA Sports activities FCTM, Madden NFL 24 and Madden Cellular in a yr full of 11 title launches and greater than 600 content material updates.
The outcomes exhibit success within the rebranding of FIFA to EA Sports activities FC with internet bookings on the rise.
Sporting success
EA’s fiscal yr ended on a excessive word for cell on March thirty first, 2024, with the fourth quarter yielding essentially the most cell income of the yr at $307 million. In the meantime this identical quarter was console’s worst, bringing in $1.05 billion whereas nonetheless clearly comprising the majority of EA’s income.
Nonetheless, cell’s robust This autumn was up from $296 million in Q3, though barely down year-on-year from the $317 million recorded in This autumn 2023. Over the total 2024 fiscal yr, cell generated $1.21 billion.
Outcomes had been much less spectacular when GAAP-based working numbers, as cell really misplaced $9 million in This autumn and $26 million throughout the yr. Console misplaced $18 million throughout the yr by the identical GAAP-based metric.
However internet money supplied by working actions hit a brand new report of $2.315 billion, growing by an enormous 49% year-over-year. Internet revenue was up too, at $1.27 billion this fiscal yr in comparison with $802 million within the final.
Shares and techniques
The success has meant that EA additionally returned $1.505 billion to stockholders by inventory repurchases and dividends, whereas the board has authorized a brand new $5 billion repurchasing programme going down over the following three years.
“This yr, EA delivered larger, bolder world class leisure that engaged and linked a whole bunch of thousands and thousands of gamers and followers,” stated EA CEO Andrew Wilson. “We are going to proceed to construct on this robust momentum by an unimaginable pipeline of latest experiences, beginning with School Soccer in FY25, positioning us for accelerated progress in FY26 and past.”
EA CFO Stuart Canfield added: “EA’s FY24 was highlighted by report money move and powerful earnings progress pushed by EA Sports activities FCTM and Madden NFL. With robust conviction in our future, we’re asserting an expanded inventory repurchase program. We sit up for sharing extra about our long-term technique and monetary framework at our Investor Day this fall.”
A look at EA’s current information on cell income whow that it elevated 82% in This autumn 2022 to $313 million, however that progress price has since remained unmatchable two years operating now, as a substitute barely declining this time round.
