Electronic Arts Announces Results for the First Quarter; Sims 4 a Huge Contributor

Electronic Arts Announces Results for the First Quarter; Sims 4 a Huge Contributor

Game developer Electronic Arts (EA) has had a great start to the new financial year with some impressive results posted for the first quarter compared to the previous year’s same quarter. The company believes among other factors, Sims 4 has played a key role in achieving these results. Besides this RPG, Apex Legends has also been a major boost to the numbers for EA, the CEO of the company has stated.

Strong Showing by the Company

Going by the numbers, the company has earned revenues of $1.21 billion for the quarter against $1.14 billion last year. EA says it managed to cut down on the operating costs on a game like Apex Legends, which resulted in greater savings. This is a new season for the game and is a free to play the game, adding a large number of new players to the game. There are some ambitious plans for the game going ahead including taking it to China and it is bound to register record numbers in future.

Sims 4 Apex Legends

Sims 4 can easily be called the star of the show with the number of downloads clocking a high 55% increase over the previous year. EA had introduced some expansion packs this year and these were simply gobbled up by the gaming community. It is reported that over 7 million new players came on board following the decision by EA to allow free download for a definitive period. Another successful introduction that helped with Sims 4 exceeding the expectations was the expansion pack Island Living.

EA Expects the Trend to Continue

The game developer has chalked out plans for the rest of the year to ensure the trend set in the first quarter is carried to the succeeding quarters too. The company has had some issues with the mobile titles where there has been a negative growth or loss of business to the extent of 17%. The only exception was the Star Wars Galaxy Heroes, which touched 80 million players.

The other significant performer is EA Sports, with sports like FIFA and NFL being included and gamers in millions logging in and playing them. Madden NFL20 and FIFA Ultimate Team are the game titles. Wait till October for learning the results of Q2.

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