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EA Q1 results exceed its expectations despite 30% drop in income
Revenue was also down 13% year-on-year, and net bookings decreased 20%
Electronic Arts
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EA Sports College Football 25 sold 2.2m $100 copies with early access
An additional 600,000 people played the game through subscription service EA Play
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EA adds further monetisation to EA Sports FC 25
New optional Premium Tier of in-game rewards can be purchased with real money or virtual currency
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EA CEO Andrew Wilson earned $25.6 million in FY2024
Stockholders also invited to approve equity incentive plan to better retain talent
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EA believes over 50% of its development processes will be "positively impacted" by gen AI
Publisher also points to potential challenging times ahead for EA Sports FC and Apex Legends
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EA Sports FC, Madden have EA posting full-year growth despite sleepy Q4
Publisher forecasts revenue decline for coming year, commits to three-year, $5 billion stock repurchase program
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EA raising price of EA Play subscription
Change will come into effect on May 10, annual fee rising to $39.99 while Pro up to $119.99
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Margot Robbie's production company to adapt The Sims movie
Loki's Kate Herron to direct and co-write the film, Electronic Arts involved "in a creative and producing capacity"
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EA, Miniclip, Jagex loot box ads broke UK advertising rules
Advertising Standards Authority upholds three complaints for Golf Clash, 8 Ball Pool and RuneScape which failed to disclose presence of loot boxes
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EA shuts down Ridgeline Games
New single-player Battlefield campaign set to continue, with "some" Ridgeline employees reportedly joining Ripple Effect
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EA cutting 5% of workforce
Publisher moving away from future licensed IP in order to double down on owned IP, sports, and online communities
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Marcus Lehto leaves EA studio he founded
Industry veteran says it was "a very tough decision" to make
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EA cutting "small number" of staff as it sunsets two mobile games
Publisher clarifies the closure of F1 Mobile Racing isn't the end of the franchise
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EA offers over 11,000 college football players $600 to appear in-game
Athletes were previously prohibited from being paid for their likeness due NCAA rules
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EA Sports FC 24 beats expectations, leads EA to Q3 growth
Football series grew 7% for the quarter despite rebrand as EA sees profits jump 42%
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EA lays off Codemasters staff
Unknown number of workers made redundant due to "small-scale organisational changes"
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Microsoft, EA, Activision, Ubisoft and Epic face game addiction lawsuit
Arkansas family suing gaming giants for their child's excessive playtime and spending
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EA reports 'softness' in European video game spend
So far PC and console game sales are up 3.2% across Europe, according to GSD
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EA Sports FC 24 on track to beat FIFA 23
The football franchise is expected to be in the "low single-digit growth" for the year
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EA Q2 FY24 bookings boosted by Sports FC 24 launch
EA Sports franchises exceeded the company's expectations, Apex Legends down year-on-year
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Disney reportedly looking to acquire major publisher like EA
CEO Bob Iger said to be "noncommittal" about potential deal
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Taking one for the team you've been kicked out of | Last Week in Business
As ex-BioWare devs file suit for severance, EA reportedly tells them Dragon Age: Dreadwolf hangs in the balance
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EA's plan for exponential growth
CEO Andrew Wilson says franchises like The Sims, Apex Legends, and Battlefield will spawn universes like Marvel or Star Wars
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EA loses minor FIFA loot box legal case in Austria
The publisher won't appeal the court's decision as it's non-binding
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FIFA, Jedi: Survivor drive EA first quarter growth
Slate of five major new releases helps push publisher to record Q1 net bookings