Electronic Arts: earnings growing in the first half of 2020

As has been happening for a few months now, the insider and analyst Facebook Facebook logo Sign up for Facebook to connect with Daniel Ahmad (aka ZhugeEX) provided a number of details on the latest financial report from Electronic arts, which specifically refers to the first half of 2020.

According to published data, the company confirmed revenue growth of twenty-one% (we are talking about 1.46 billion dollars in revenue from February to June 2020), to whichCovid-19 Emergency, which forced people to stay in their apartments during the quarantine and consequently to spend more time playing video games, buying titles and spending on microtransactions (Apex Legends and FIFA 20 Ultimate Team in all). A very interesting data refers to the fact that 91% of revenues come from digital, which includes both purchases in online stores and the aforementioned microtransactions.

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Among the main titles that have contributed to the success in this period we find the launch of new EA titles on Steam, Season 5 of Apex legends, The sims 4, FIFA 20, Burnout Paradise Remastered me Command & Conquer Remastered.

In short, despite the controversy over the screaming salaries of Electronic Arts executives, it seems that the company is not doing badly and that the objectives achieved in this period have far exceeded the expectations of the COO and CFO. Blake jorgensen.