EA limited the previous fiscal year of laying off 5% of its global workforce and a commitment to abandon licensed titles. Now, about six months later, the publisher has praised the work of its “incredible teams” after reporting record net bookings in the second quarter.
As noted in the company's latest fiscal reportNet bookings for the second quarter of the current fiscal year were $2.08 billion. It's a metric that has surpassed the company's high-end benchmark range and has been driven by major sports franchises such as College football 25.
“EA delivered another strong quarter with record net bookings in the second quarter, driven by our incredible teams, broad portfolio and technology leadership,” said EA CEO Andrew Wilson, who last year he took home $25.6 million after overseeing what some might describe as a quite a turbulent year. “The momentum of our business reinforces our strategic vision to deliver innovative experiences and interactive entertainment that deepen and expand engagement in our global communities.”
Looking at the company's second quarter results, live services revenue stood at $1.3 billion during the quarter. EA noted that its global soccer franchises saw live service growth across all platforms in the second quarter The Sims 4 continues to expand with over 15 million players joining the game in the last year.
Total game revenue came in at $716 million in the second quarter, with EA noting that College Football 25 became the “best-selling HD title in North America” in September.
EA raised its guidance for fiscal year 25 in light of this success, with the company's CFO Stuart Canfield explaining that the publisher remains confident in its ability to “drive long-term value creation through greater scale , driving revenue growth, margin improvement and greater cash flow.” .”
The company now expects to achieve net revenues of between $7.4 billion and $7.7 billion by the end of the current fiscal year on March 31, 2025.