Electronic Arts (EA) has announced record earnings for Q4 2021 driven by strong demand for popular titles like FIFA 21, Madden NFL 21 and Apex Legends. EA reported total revenue of $1.62bn for the quarter ending March 31, up 19% YoY, with net income of $345m. Engagement with FIFA 21 surged, with over 25 million unique players reported, while Madden NFL 21 saw over 9 million unique players. Apex Legends continued growth, with 13 million unique players reported in the quarter. EA plans to release new games and expansion packs, including Mass Effect Legendary Edition in May.
EA Announces Record Earnings in Q4 2021 Financial Report
Introduction
Electronic Arts, one of the largest gaming companies worldwide, has announced its financial results for the fourth quarter of the year 2021. The company has reported record earnings, driven by strong demand for its popular titles as people are spending more time at home due to the global pandemic.
Financial Performance
EA reported a total revenue of $1.62 billion for the quarter ending March 31, up 19% year-over-year. The net income for the quarter was $345 million, up from $418 million from the previous quarter. The strong financial performance was attributed to the increased popularity of video games, particularly during the COVID-19 pandemic.
Popular Titles
EA’s most popular titles for the quarter were FIFA 21, Madden NFL 21, and Apex Legends. FIFA 21 saw a surge in player engagement, with over 25 million unique players reported in the quarter. Madden NFL 21 also saw a rise in player engagement, with over 9 million unique players reported. Apex Legends, a free-to-play battle royale game, continued to grow in popularity with over 13 million unique players reported in the quarter.
Future Outlook
Looking forward, EA plans to release new games and expansion packs for its existing titles in the coming months. This includes the launch of Mass Effect Legendary Edition in May, which is a remastered version of the popular space RPG series. The company also plans to launch new content for Apex Legends and FIFA 21 in the coming months.
Conclusion
The financial results for EA in Q4 2021 are reflective of the continued growth in the gaming industry. With more people spending time at home due to the global pandemic, the demand for video games has surged. EA’s popular titles and upcoming releases are expected to drive continued growth for the company in the coming months.