Electronic Arts released its latest round of financial results yesterday, covering the period from October to December of 2020. For the quarter, the company reported net bookings of $1.673 billion and $5.956 billion for the calendar year, up 5% and 8% over the same quarter in 2019 and 2019 as a whole, respectively. COO and CFO Blake Jorgensen attributed the strong quarter to “live services outperformance in Ultimate Team and Apex Legends.”
Respawn Entertainment’s free-to-play battle royale, which just launched its eighth season of content yesterday, is still a bright spot for the company. It adds 14% to its player base every season, EA reported, with its player count growing by 30% year-over-year — no doubt aided by its successful launch on Steam, where it still averages about 70,000 concurrent players and hit a new all-time peak of 183,863 yesterday.
A release on the Nintendo Switch is scheduled for March 9, and a mobile game is in the works for EA’s FY22, which runs from April 1, 2021 to March 31, 2022. Jorgensen expects net bookings of $500 million for the game in 2021.
What about Star Wars: The Old Republic? Once again, it’s entirely absent from the financial reports, not even getting a mention in the text as existing, much less turning a profit. Big MMORPGs rarely shut down entirely, so I don’t think it’s going anywhere, but the recent news of EA losing its exclusivity to create Star Wars games can’t be seen as great news for the soon-to-be decade-old title.
You can find EA’s financial reports on its investor relations site.