Electronic Arts Reports Strong Q2 Financials

Electronic Arts (EA) reported a 5.8% year-over-year increase in net revenue for Q2 2024, reaching $2.03 billion, largely driven by strong sales of its American football video games, including the newly launched EA Sports College Football 25. The company noted record net bookings of $2.08 billion for the quarter, exceeding its projections and prompting an upward revision of its fiscal year 2025 guidance to between $7.5 billion and $7.8 billion. EA's football franchises are expected to surpass $1 billion in net bookings for the fiscal year, with gameplay hours surging over 140% year-over-year. CEO Andrew Wilson emphasized the company's commitment to evolving its games into year-round platforms for fans. Despite a challenging economic climate, EA's live services revenue also saw significant growth, bolstered by titles like The Sims 4, which welcomed over 15 million new players in the past year. Overall, EA's performance highlights its strategic focus on innovation and community engagement amid industry challenges.