Today Electronic Arts announced its financial results for the second quarter of the fiscal year 2024, related to the period between July 1 and September 30, 2023.
The results, defined "strong" by the company, include 1.820 billion in net bookings, up 4% year-on-year, of which $1.129 billion were from live services, up 1% year-on-year. Net income was 399 million, up from 299 million in the previous fiscal year.
The Madden NFL franchise outperformed expectations, with net bookings growth of 6% year-on-year. The EA SPORTS global football franchise also outperformed expectations thanks to the continued strength of FIFA 23 and the release of EA Sports FC 24 (of which you can purchase a physical copy on Amazon).
Speaking of EA Sports FC 24, we learned that it achieved over 14.5 million active accounts in the first four weeks since launch.
The press release shared by the company included the traditional comment by CEO Andrew Wilson, boasting the strong quarter and the launch of EA Sports FC 24.
We delivered a strong Q2 and successfully launched EA SPORTS FC, transforming one of the largest franchises in the world into a powerful, interactive platform for the future of football fandom.
Looking ahead, our incredible teams will continue to innovate and expand across our world-class IP, building experiences that entertain our massive online communities, celebrate fandom, and increase connection for our growing global player base.
We also hear from CFO Stuart Canfield, who mentioned that today's results were better than expected, driven by new releases and live services.
EA SPORTS strength, driven by new releases and ongoing live services, delivered Q2 results ahead of expectations.
We remain focused on delivering for our growing player communities and building upon the momentum across our portfolio, while prioritizing investments that execute against our largest opportunities to drive long term growth.
If you want to compare today's results with historical data, you can check out our dedicated article for the previous quarter, which Electronic Arts shared in August.
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