EA shows unprecedented growth. The company released preliminary financial results for the first quarter of this year and a forecast for the next quarter and fiscal year. FIFA Mobile brings Electronic Arts record revenue.
The FIFA franchise has again proven its place as the company’s flagship product. FIFA Mobile posted record growth, up 10% over the previous year. Last year, the net revenue for Live services was up 22% to $7.5 billion.
Next quarter, EA expects overstated results, with a net income of $1.9 billion. By the end of this fiscal year, the company’s performance is projected to reach $7.6-$7.8 billion, with net revenue of $7.9-$8.1 billion.
Despite its inflated performance in the mobile sector, this segment remains EA’s smallest market. For the quarter, this sector generated $218 million in revenue for the company, compared with $361 million from PC games and $972 million from consoles.
In the coming quarter, the company is projecting $251 million in revenue for the mobile market, compared to $377 million for the PC sector and $1.2 billion for the console sector.
Even so, the mobile segment will be the fastest-growing segment for the company, with 48% year-over-year revenue growth expected. In comparison, PC revenue will grow 11%, and console revenue will grow 7% over the same period.