Electronic Arts set a new profit record for the year

Despite all the hype surrounding Electronic Arts, the company was able to increase its revenues. In addition, fiscal year 2018 became for EA a record, and it is not going to stop.

What is known

"Electronics" earned $ 5.15 billion, which is 6.2% more than in the previous fiscal year, and profits increased by $ 1.04 billion. The fourth quarter was successful, which brought EA $ 1.582 billion, which is 3.6% more than in the same period last year.

On this good news does not end there. EA estimated that in this fiscal year, revenue will grow to $ 5.6 billion, and profit will be $ 1.11 billion. In the company put on the sports line of the game, the new IP Anthem, as well as the next Battlefield.

"Fiscal 2018 is a year of strong growth and ongoing transformation for Electronic Arts. We are expanding our leading franchises like FIFA, Battlefield and The Sims for more players between platforms and location, "said EA Executive Director Andrew Wilson.

Secret of success

Blake Jorgensen, CFO of EA, explained that growth is due to a change in attitudes toward players. According to him, gamers want more fresh content for their favorite games, which will "keep attention for years."

"This makes our business more stable and allows us to provide a stable and growing cash flow for investors," Jorgensen added.

Source: Gamesindustry.biz