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UPDATE 2-EA revenue beats estimates on 'Apex Legends' boost, shares jump [Reuters]
Last electronic arts inc. earnings: 1/30 04:01 pm
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US:NASDAQ Investor Relations: investor.ea.com
EA revenue beats estimates on 'Apex Legends' boost, shares jump (Reuters) - Electronic Arts Inc posted better-than-expected quarterly revenue on Tuesday, riding on the popularity of its latest battle royale sensation, “Apex Legends”, and other games, sending its shares up 8 percent in extended trading. EA launched “Apex Legends” and “Battlefield V Firestorm” during the quarter to cash in on the popularity of battle royale games such as “PUBG” and Epic Games’ “Fortnite”. EA’s battle royale game had 50 million sign ups in just a month, suggesting that the company could withstand competition from “Fortnite”, a free-to-play game where up to 100 players fight to be the last person standing. According to Nielsen-owned gaming research firm SuperData, Apex Legends raked in $92 million from in-game spending across platforms in the month of February, having “the best launch month of any free-to-play game in history”. On an adjusted basis, EA’s fourth-quarter revenue was $1.36 billion, beating a
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