EA Q3 FY22 Earnings Call: “Battlefield Was A Disappointment”
Today EA held its Q3 FY 2022 earnings call. We have gathered some of the more prominent notes from the call. Among the new details is a poor response internally to Battlefield 2042.
EA Q3 Earnings Call Highlights
- Electronic Arts CFO Blake Jorgensen held his final call as Chris Suh from Microsoft Cloud and AI group will be taking over as CFO.
- EA seems hesitant on things like Blockchain, NFT’s, and the Metaverse. No real plans to move forward in these spaces.
- Battlefield 2042 is considered internally to be a disappointment. EA would not disclose units sold. Although they are not concerned with how that will impact the company as Battlefield is responsible for less than 10% of their portfolio. They could use new titles like PGA Tour, and F1 to stabilize growth short term. Formula 1 as a sport has seen tremendous growth in popularity.
- Overall playing time from consumers is up 20% for EA globally. This is a tremendous milestone for Electronic Arts given the 2020 pandemic keeping players at home. This includes over 180 million active monthly players.
- Apex Legends user count is up 30% over the year.
- Apex Legends mobile title will launch at some point soon in a limited capacity. There will be a global version of the game, as well as a Chinese version.
- In regards to Activision, when asked if they were a candidate to be acquired or to do more acquiring, EA did not respond specifically to the question.
