Electronic Arts released its earnings report for the fourth quarter and fiscal year 2022. Revenues for the year increased by 6% and amounted to $7.4 billion. This is reported by GamesIndustry.biz.
At the same time, live service games brought EA $5.49 billion, which is 10% more than in 2021. And regular full games – $1.94 billion, which is 3% less than in 2021. You’ll remember these numbers the next time you ask where single-player story games have gone.
The FIFA series is doing well. FIFA 23 only took six months to surpass FIFA 22’s all-time sales. FIFA Series revenue in Q4 FY22 increased by 31% compared to FY2021.
The number of active players in Apex Legends Season 16 has increased by 20% compared to Season 15. And the total number of players in The Sims 4 has increased to 70 million worldwide.
EA’s profit for 2002 amounted to $802 million, which is 2% more than in 2021. But in the fourth quarter, the company received a loss of $111 million related to the restructuring and dismissal of 6% of the staff, which was announced in March 2023.
In the 2023 fiscal year, which ends March 31, 2024, EA expects to earn between $7.3 billion and $7.7 billion.