EA: Record Quarter Thanks to College Football and Live Services

Introduction

Electronic Arts (EA) reported a strong financial quarter, driven by the success of its college football game and live services.

The release of EA Sports College Football, the first game in the series since 2013, was a major success for the company.

The game sold over 2 million copies in its first week, and has been praised for its gameplay and graphics.

EA's live services, which include online multiplayer and microtransactions, also performed well during the quarter.

The company's FIFA and Madden NFL games continue to generate strong revenue from microtransactions and in-game purchases.

In addition to college football and live services, EA also benefited from the launch of several new games during the quarter.

These included Need for Speed Unbound, Dead Space, and Wild Hearts.

EA reported net revenue of $2.36 billion for the quarter, up 10% year-over-year.

The company's net income was $688 million, up 28% year-over-year.

EA's strong financial quarter is a testament to the company's ability to adapt to the changing gaming landscape.

The success of college football and live services shows that EA is well-positioned for future growth.