US publishing giant Electronic Arts has reported an 11 per cent increase in its net bookings.
That's according to the company's results for the three months ending March 31st, 2023, in which the firm boasted that its net bookings clocked up to $1.946 billion. Of that figure, 83 per cent – or a record-breaking $1.622 billion – was made up by cash from live services and "other net bookings," a nine per cent increase.
FIFA saw net bookings rise 31 per cent, while EA reported that Apex Legends saw 20 per cent more active weekly players for the most recent sixteenth season of the game.
“EA delivered a strong Q4 with record net bookings, up 11 per cent year-over-year, demonstrating the strength of our business. Our teams continue to create high-quality entertainment, fueled by amazing games and deeply engaging live services,” EA CEO Andrew Wilson (pictured) said.
“We're excited to continue our momentum, including the highly anticipated launch of EA Sports FC later this year.”
CFO Chris Suh added: "Record live services performance and increased engagement, particularly from our EA
Sports FIFA franchise, drove better-than-expected Q4 net bookings, capping a strong finish to the fiscal year. Looking ahead, our teams remain disciplined in prioritising the player experience as we continue to focus our investments on long-term growth.