Electronic Arts has released the economic data for the recently completed fourth quarter of the fiscal year, which ended on March 31. Among all the information highlights the good performance of Apex Legends, above expectations, and the failure of an Anthem that has failed short of the expected performance.
The North American publisher has revealed some numbers for the last quarter with revenues reduced by 22% compared to the same period of the previous year, about 1,238 million dollars, and net benefits for the quarter also reduced by 66 % to 209 million dollars. If we talk about the entire fiscal year, the net income of Electronic Arts has dropped by 4% to 4.95 billion dollars. It is striking, because in this quarter there have been very strong releases such as the BioWare shooter or Apex Legends itself, compared to the same period last year in which titles like A Way Out or UFC 3 were put on sale, but where it dragged Much of the commercial life of a disputed but healthy Star Wars Battlefront 2.
Apex Legends has surpassed expectations. According to the transcript of the EA documentation and the speeches of the executives, ” The release of Anthem has not the expectations of Electronic Arts “, although the team continues ” focused on releasing content & fixes for it ” Apparently, the game has been far from the millions of games planned for Anthem. ” Performance above expectations in this quarter, of course, due to Apex Legends ” recalls Electronic Arts account executive, before both the CEO and the COO insist up to three times in their intervention that ” Anthem has worked below what we expected ” Although nuanced that, yes, it is the game of all its catalog that has better sold if we take into account only the digital format.
” We have concluded the fiscal year with a strong growth with respect to the expected, “states Blake Jorgensen, economic officer at Electronic Arts. & Quot; Looking to the future, we will offer our games to a wide range of players in fiscal year 2020, and we will reaffirm our commitment to players with much more content for games like Ultimate Team of FIFA 19, Apex Legends, The Sims 4, Anthem and Battlefield V “.
Looking ahead? EA forecast a significant uptick in its projections for the fiscal year ending March 31, 2020, by then estimate an increase in revenue of 9%, up to 5,380 million dollars, and net benefits of 2,600 million, 154% more. They rely on their sports brands, as well as in Plants vs. Zombies, in Need for Speed, Sea of Solitude and Star Wars Jedi: Fallen Order to get it. / P>
Recommended: Nintendo will focus on short-term releases at E3 2019.