EA Financials - Blue's News Comments

EA Financials
[Jul 30, 2020, 7:14 pm ET] – Share – Viewing Comments

Electronic Arts Reports Strong Q1 FY21 Financial Results. How strong? Glad you asked. They say their net bookings for the trailing 12 months was almost six billion dollars. "This was an extraordinary quarter, and we’re deeply proud of everything our teams at Electronic Arts are doing for our players and communities," said CEO Andrew Wilson. "We launched new games, deeply engaged players in our live services, and welcomed tens of millions of new players to our network. It was an unprecedented first quarter of growth in our business, and we will continue building on that strength with more innovative experiences, more groundbreaking content, and more ways to connect with friends and play great games throughout the year." Here are some numbers:

Selected Operating Highlights and Metrics

Net bookings* for the trailing twelve months was $5.980 billion, up 17% year-over-year.

Launched Command & ConquerTM Remastered and Burnout ParadiseTM Remastered during the quarter.

During the quarter, EA delivered over 30 new content updates, including two major game expansions, and more than 50 mobile updates.

Launched nearly 30 titles on the Steam platform during the quarter.

During the quarter, Apex LegendsTM launched Season 5 with engagement reaching its highest levels since Season 1.

During the quarter, player acquisition for FIFA was up more than 100% year-over-year and up nearly 140% year-over-year in Madden NFL.

Life to date, The Sims 4TM has more than 30 million players across all platforms; daily, weekly, and monthly active player totals reached record highs for a first quarter.

* Net bookings is defined as the net amount of products and services sold digitally or sold-in physically in the period. Net bookings is calculated by adding total net revenue to the change in deferred net revenue for online-enabled games.

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Re: EA Financials
Jul 31, 2020, 00:19

Slick

Re: EA Financials Jul 31, 2020, 00:19

Jul 31, 2020, 00:19

Slick

[VG]Reagle wrote on Jul 30, 2020, 22:28:
So your saying you would give yourself a bigger bonus. You need to read animal farm.

Oh now slow down there pardner, I'm just a common plebeian. I'm saying that philosophically as the leader of anything, your job should be to enrich the thing you serve, not yourself. Rising tide lifts all boats and all that.

If I agreed with the idea of a publically traded company at all (I don't), then it would make sense to measure your worth by the worth of your company. Executive bonuses on-top of that is just perverse.

Reminds me of the real estate racket. Fuckers charge 6% of the sale price split between both firms. They couldn't care if your house goes for 500,000 or 510,000. They just want the commission on the sale. They aren't incentivized to get the best price for you.

These bonuses are so large they don't really care if they're doing long-term good or ill for the company, as their bonuses are worth 10x more than their salary. Have you seen the Matthew McConaughey scene of wolf of wall street?

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