According to Forbes, net bookings for the reported quarter sat at $2.577 billion, an increase of $177 million from the previous year. Electronic Arts' total net revenue came in at $1.789 billion, up by $116 million from Q3 2021. and net bookings for the trailing 12 months were up 22% year over year. And with the soft launch of Apex Legends Mobile rolling out in the near FC 24 Coins Ultimate Teamure, these numbers should increase.
While tent pole games like Apex Legends and FIFA continue to be huge hits, there were some stunning admissions made during the earnings call about one noticeable miss.
“The launch of Battlefield 2042 did not meet expectations,” EA CEO Andrew Wilson said. Employees working from home because of the pandemic was a much bigger challenge than EA anticipated. The game encountered a number of unanticipated performance issues that needed to be fixed, and some of the game's core design choices simply didn't land well with the player community. Despite all that, developer DICE recently announced plans to improve the game over the coming months and EA still has plans to release major updates.
During the call, EA revised its net bookings estimate down to $7.525 billion (a drop of $100 million), blaming the reduction squarely on Battlefield 2042. Growth was seen in other parts of the business, specifically from FIFA and Apex Legends, which managed to offset the shooter's poor financial performance.
The bad news doesn't stop there. At the time of this writing, Electronic Arts Inc. stock has dropped more than 5% in after-hours trading saying that it expects a slower start to 2022 than was anticipated. While EA has already let the Gundark out of the bag with its recent announcement regarding several new Star Wars games in development, it revealed that there are 3 - 4 additional unannounced projects in the works.
The all-new free-to-play UFL has finally revealed some gameplay footage, following its reveal last year at GamesCom 2021. After only releasing minor teasers and development diaries, players can now view pre-release gameplay footage and a special guest to boot.
In a substantial 18-minute video, players will see the charismatic CEO of studio Strikerz Inc, Eugene Nashilov, unveil some story behind its decision to develop an alternative to buy Fut Coins. Strikerz Inc is aiming to build a game committed to consistent, fair gameplay and deep team customization. Along with the surprise endorsements from some of soccer's biggest stars, the video recaps portions of the development and finally caps off with the aforementioned gameplay footage.