Electronic Arts reports Q3 FY20 Financial Results
New Battlefield game confirmed, as digital sales reach 77% of all revenue
Electronic Arts has announced preliminary financial results for its third fiscal quarter ended December 31, 2019.
“It was an excellent third quarter, with our new games and live services delighting more players around the world,” said CEO Andrew Wilson. “We expect live services to continue to drive growth in fiscal 2021 and for growth to accelerate in fiscal 2022, led by a new Battlefield.”
Digital net bookings for the trailing twelve months was $4.128 billion, up 15% year-over-year and now represents 77% of total net bookings for the publisher. During the quarter, EA launched Plants vs. Zombies: Battle for Neighborville, Need for Speed Heat and Star Wars Jedi: Fallen Order. FIFA Ultimate Team matches were up nearly 40% year-over-year from launch through Q3. During the quarter, The Sims 4 surpassed 20 million unique players worldwide life-to-date.
Net cash from operating activities was $1.104 billion for the quarter and a record $1.898 billion for the trailing twelve months.
For fiscal Year 2020, ending March 31, 2020, the publisher expects net revenue to be approximately $5.475 billion.