How Much Profit Did EA Make?
Electronic Arts (EA) made a gross profit of $5.737 billion for the twelve months ending June 30, 2023, representing a 7.25% increase year-over-year, with its annual gross profit for 2023 being $5.634 billion, a 9.78% increase from 2022. The company’s net revenue for the 2023 fiscal year was $7.4 billion, marking a six percent increase on the revenue from the previous year and its best annual result ever, largely driven by the year-over-year growth in full-game downloads.
Frequently Asked Questions
1. What is the profit of EA in 2023?
The profit of EA in 2023, in terms of gross profit, was $5.634 billion, which marks a 9.78% increase from 2022.
2. Is EA still making money?
Yes, EA is still making money, as evidenced by its net income of $402 million in the first fiscal quarter of 2024, alongside a quarterly net revenue of $1.92 billion.
3. How much money has EA made in total?
EA’s total revenue for the twelve months ending June 30, 2023, was $7.583 billion, showing a 5.22% increase year-over-year.
4. How Much Money Did EA Games Make From C&C Remastered Collection?
While specific figures for the C&C Remastered Collection are not provided, the success of such remastered titles contributes to EA’s overall revenue and profit.
5. Who owns the majority of EA?
Institutional investors hold a majority ownership of EA, controlling 86.56% of the outstanding shares.
6. What is the most profitable EA franchise?
As of the last available data, FIFA was the top franchise published by EA, known for its high sales and revenue generation.
7. What is EA’s largest income source?
EA generates most of its revenue from console gaming, with approximately $4.4 billion in revenue in this segment in 2023.
8. Is EA a rich company?
Yes, EA is considered a rich company, with a net worth of $34.74 billion as of October 19, 2023.
9. Does EA pay the NFL?
Yes, EA has a deal with the NFL, which reportedly provides $1 billion to the NFL and $500 million to the players, with an additional $500 million in marketing commitments.
10. What is EA’s net worth in 2023?
EA’s market cap or net worth was $35.09 billion as of November 2, 2023, showing an increase of 0.42% in one year.
11. Is EA a Fortune 500 company?
Yes, EA is a Fortune 500 company, returning to the list after a 10-year gap, indicating its significant revenue and market presence.
12. How much did FIFA want from EA?
FIFA was asking for double its $150 million licensing fee to allow EA to continue using its name.
13. How much money did EA make off FIFA 23?
While exact figures for FIFA 23 are not detailed, it’s noted that the game contributed to EA’s record Q4 net bookings of $1.95 billion.
14. Does EA own FIFA?
The FIFA franchise is developed by EA Vancouver and EA Romania and published by EA Sports, but the licensing agreement has ended, leading to the transition to EA Sports FC.
15. How much is the owner of EA worth?
The CEO and Board Chair of Electronic Arts Inc, Andrew Wilson, has an estimated net worth of at least $10 million as of 2023, primarily through his shares in EA.