Electronic Arts (EA) is one of the most prominent video game developers/publishers in the industry, and its company results are always eagerly awaited. The latest quarterly figures from EA make for an interesting reading. As per the figures presented by NoKyc.com, Electronic Arts generated more than 81% of its quarterly revenues from its live gaming services.
Apex Legends has become a cash cow for EA
As per the latest quarterly results from EA, the company made $1,779 million in net revenue during the final quarter of the fiscal year 2024.
Live gaming services from EA have contributed to the majority of this net revenue, 81.3%, to be precise. EA made a total of $1446 million from its live services, such as Apex Legends and more.
Game sales, digital and physical combined, contributed just $333m to the net revenue during the same quarter.
Apex Legends is the most popular live gaming service from EA. The free-to-play battle royale game has reportedly made more than $3 billion in revenue for EA since its launch in 2019.
Other popular live gaming services from EA include FIFA (now EA FC), Madden, Battlefield, The Sims, Star Wars, and more.
When we look at results from the previous quarters, we notice that the share of revenue from EA’s live services has consistently increased.
In the second quarter of 2020, revenue from live services contributed just 57% of the total revenue. In the subsequent quarters, the share of revenue from live services has consistently risen. As things stand, EA makes more than 80% of its revenue from such live game services.
Meanwhile, the revenue from game sales continues to decrease for EA. In the final quarter of 2024, the company made just $333m from games sales. This amount was the lowest quarterly figure for the company since the final quarter of 2021 when the company made just $250m from direct game sales.
