‘FIFA’ Game Franchise Drives Electronic Arts Quarterly Revenue Rise

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‘FIFA’ Game Franchise Drives Electronic Arts Quarterly Revenue Rise
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But the video game company swung to a net loss of $12 million, against a year-earlier net profit of $225 million.

EA reported an 11 percent rise in total net bookings for the past three months, reaching $1.94 billion, with net books for the“Record live services performance and increased engagement, particularly from ourfranchise, drove better-than-expected Q4 net bookings, capping a strong finish to the fiscal year. Looking ahead, our teams remain disciplined in prioritizing the player experience as we continue to focus our investments on long-term growth.

Live services and other net bookings during the latest three month period reached $1.62 billion, a record for the fourth quarter.

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