• Loading stock data...
Sunday, July 21, 2024
Join us this September for Tuned In Request to Attend

‘Madden NFL’ Publisher Misses Mark in Second Quarter

  • Electronic Arts generated $1.9 billion in revenue in fiscal Q2.
  • Full-year revenue is expected to range between $7.5 billion and $7.7 billion.
EA Sports

The gaming industry hasn’t been immune to lower demand caused by high inflation and a lack of new titles — and one of its biggest players is feeling the crunch.

Electronic Arts lowered its full-year net bookings forecast following its earnings report for the fiscal second-quarter ending Sept. 30.

The California-based company known for titles like “Madden NFL” and “Apex Legends” generated $1.9 billion in revenue in Q2, compared to $1.8 billion for the same period a year prior. But expects net bookings to range between $7.65 billion and $7.85 billion in FY2023, down from a previous projection between $7.9 billion and $8.1 billion. 

FIFA ended its long-term licensing agreement with Electronic Arts in May with “FIFA 23” — but early returns imply that the last EA title to carry the governing body’s name could leave a big void. 

  • “FIFA 23” was the best launch in series history with 10.3 million players in the first week.
  • Earnings per share reached $1.07 in Q2, compared to Wall Street estimates of $1.35.
  • Full-year revenue is expected to range between $7.5 billion and $7.7 billion.

Electronic Arts kept its ties to soccer in August by extending its licensing and sponsorship deal with MLS, which has worked with the video game company since 1999. Electronic Arts also has deals with the Premier League, Serie A, and Bundesliga

Iconic Deal

In October, Electronic Arts secured a deal with Marvel Games to develop “at least three” action adventure games for consoles and PC. The deal kicks off with an “Iron Man” title developed at Montreal-based Motive Studio.

Copy Link
Link Copied
Link Copied

What to Read

Netflix Reigns Supreme: NFL Deal, Robust Earnings Highlight Q2 Report

Netflix delivers a strong quarterly report, helping ease prior investor concerns.

After World Cup Buzz, Major League Cricket Finds Its Footing in the U.S.

Attendance is tracking to potentially surpass the 70,000 fans from last year.

The Road to the Return of ‘EA Sports College Football’

This summer, the biggest development in college sports is virtual.

St. Pete Approves $1.3 Billion Rays Stadium, Ending Relocation Rumors

St. Petersburg’s city council formally approves the MLB club’s $1.3 billion stadium plan.
podcast thumbnail mobile
Front Office Sports Today

‘EA Sports College Football 25’: It’s More Than a Game


Featured Today

Apr 15, 2024; Brooklyn, NY, USA; Caitlin Clark poses with WNBA commissioner Cathy Engelbert after being selected with the number one overall pick to the Indiana Fever during the 2024 WNBA Draft at the Brooklyn Academy of Music.
July 16, 2024

Women’s Sports Merch Is a $4 Billion Market, but Supply Isn’t Meeting Demand

Retailers can’t make women’s sports apparel fast enough.
Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.
July 14, 2024

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
June 14, 2024

IOC Proposes Holding Separate Olympics for Esports

The organization’s executive board has proposed a separate Olympics for online gaming.
July 3, 2024

Esports Winter: NBA 2K League Hits Pause Button Amid Industry Decline

The previously high-profile esports league is now effectively on hiatus amid widespread layoffs.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
February 29, 2024

Electronic Arts’ Layoffs Signal Ongoing Evolution, Struggles

The company is set to make a second major round of staff cuts in the last year.
Oct 5, 2021; Kansas City, Missouri, USA; Bob Kendrick, president of the Negro Leagues Baseball Museum in Kansas City, points to the lettering outside of the museum Tuesday.
February 28, 2024

How Do You Keep Negro Leagues Baseball History Alive? Put It in a Video Game

Negro Leagues Baseball Museum attracting increased donations, visits from ‘MLB The Show.’
February 27, 2024

Sony to Lay Off 900 From PlayStation Team After Missed Sales Target

Cuts come amid a tough stretch for the gaming industry.