EA CEO Signals EA Sports Metaverse Plans: 'Watch This Space' As Earnings Exceed $2.3 Billion

Zinger Key Points
  • EA CEO Andrew Wilson hints at EA Sports metaverse during earnings call.
  • Recent earnings: $2.37B net bookings, 73% from live services.

Electronic Arts Inc EA CEO Andrew Wilson has hinted at the potential development of an EA Sports metaverse, revealing strategic plans during an earnings call.

In response to inquiries about integrating the diverse sports communities under EA into a metaverse, Wilson provided insights into the company's approach.

See Also: Electronic Arts Q3 Earnings Highlights: Sales Miss, EPS Beat, Madden And Soccer Games Power Through

Stressing the vast scale of the EA player community, exceeding 700 million users, and the significance of EA Sports, Wilson emphasized its recognition as "one of the most recognizable and recognized sports brands."

During the Q&A session, Wilson talked about the "meaningful opportunity" presented by the interconnected relationships within the EA Sports community.

According to the CEO, Players spend an average of 90 minutes per session within EA games, engaging deeply with their friend units, and subsequently sharing, creating content, and watching experiences on various platforms. Wilson expressed confidence in harnessing the power of this community both within and outside the games, aligning with EA's core strategy.

While refraining from making an official announcement, Wilson teased the audience, stating, "So best I can say is: watch this space." This cautious yet optimistic approach contrasts with the more extravagant metaverse propositions from other companies.

EA's success in the sports gaming sector was evident in its recent earnings report, with net bookings reaching $2.37 billion and net revenue at $1.945 billion for the quarter ending December 31, 2023.

EA Sports FC surpassed expectations with 7% year-over-year growth, and Madden continued to be a revenue driver with 5% year-over-year net bookings growth.

With live services constituting 73% of EA's business, the company aims to capitalize on the thriving engagement within its gaming community, signaling a strategic move towards a potential EA Sports metaverse.

Read Next: 2024 Gaming Report: Challenges, Top Stock Picks, How GTA VI Will Shape Next Year's LineUp

Image credits: Sergei Elagin on Shutterstock.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: GamingNewsTop StoriesGeneralAndrew WilsonEA Sportsgaming industrymetaverseStories That Mattervideo games
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!