Apex Legends
GameBy Respawn Entertainment · Released Feb 4, 2019
Documents about Apex Legends
Electronic Arts Q4 FY 2021 Results
Electronic Arts reported strong financial performance for the fourth quarter and full fiscal year 2021, characterized by record net revenue, net bookings, and operating cash flow.
- Electronic Arts achieved record financial performance in fiscal year 2021, with a fiscal year 2022 net bookings forecast of $7.3 billion, representing approximately 18% year-over-year growth.
- Digital distribution of full-game units rose to 62% over the trailing twelve months, a significant increase from 49% in the prior period.
- Apex Legends surpassed $1 billion in life-to-date net bookings during the fourth quarter, serving as a primary growth driver alongside high engagement in FIFA Ultimate Team.
Electronic Arts 10-Q: Q3 FY2021
Electronic Arts reported modest top-line growth for the nine months ended December 31, 2020, with net revenue rising 3% YoY to $4.28 billion and live-services revenue increasing 5%.
- Electronic Arts reported a 3% YoY increase in net revenue to $4.28 billion for the nine months ending December 31, 2020, though operating income fell 30% to $251 million due to rising costs in R&D, marketing, and royalties.
- The company is executing a strategic shift toward digital distribution, evidenced by a 22% surge in full-game downloads to $733 million and an 11% decline in packaged goods sales.
- Revenue recognition adjustments related to service-obligation periods shifted approximately $300 million of net revenue from FY2021 to FY2022, resulting in a $105 million reduction in quarterly net income.
Electronic Arts Q3 FY 2021 Results
Electronic Arts reported strong financial performance for the third quarter of fiscal year 2021, characterized by record net bookings and operating cash flow.
- Electronic Arts raised its full-year net bookings outlook to $6.075 billion, up from the initial guidance of $5.550 billion, following record Q3 performance.
- Digital distribution of full-game units reached 62% over the trailing twelve months, a significant increase from 49% in the prior year.
- The company achieved a record trailing twelve-month operating cash flow of $2.061 billion, leading to the initiation of its first-ever dividend payment and a share buyback program.
Electronic Arts Q3 FY21 Financial Results
Electronic Arts reported strong financial performance for the third fiscal quarter ending December 31, 2020, characterized by growth in net bookings and robust engagement across its live service portfolio.
- Electronic Arts reported $1.673 billion in Q3 FY21 revenue, a 5% increase year-over-year, with trailing twelve-month net bookings reaching $5.956 billion.
- Growth was primarily driven by live services, specifically strong performance in the FIFA Ultimate Team and Apex Legends franchises.
- FIFA Ultimate Team reached nearly 6 million daily active players in December, while Apex Legends saw a 30% year-over-year increase in new players.
Nintendo 3rd Quarter Results for Fiscal Year Ending March 2021: Financial Results Explanatory Material
Nintendo achieved record-breaking financial performance during the first nine months of the fiscal year ending March 2021, characterized by a 37.3 percent increase in net sales and an operating profit that nearly doubled to 521.1 billion yen.
- Nintendo achieved record financial results for the first nine months of the fiscal year ending March 2021, with net sales increasing by 37.3% and operating profit nearly doubling to 521.1 billion yen.
- Digital revenue grew by 104.9% to 256 billion yen, marking a critical shift in the company's long-term revenue strategy.
- Cumulative sell-through for the Nintendo Switch hardware surpassed 74 million units globally.
EA Quarterly Report: Q2 Fiscal Year 2021
Electronic Arts reported a mixed performance for the third quarter of fiscal 2020, with net revenue of $1.15 billion for the three-month period ending September 30, 2020—down 15% year over year and 11% on a constant-currency basis.
- EA reported Q2 fiscal 2020 net revenue of $1.15 billion, a 15% year-over-year decline primarily caused by changes in live-service revenue recognition windows.
- Despite the quarterly revenue drop, gross margin improved to 75.2% due to the strong performance of digital titles and live services like Apex Legends and FIFA Ultimate Team.
- Operating cash flow for the quarter rose 65% to $439 million, while the company maintained a strong liquidity position with $4.06 billion in cash and $1.97 billion in short-term investments.
Electronic Arts Q2 FY 2021 Results
Electronic Arts’ second-quarter fiscal year 2021 results demonstrate strong financial performance, characterized by the company exceeding top and bottom-line expectations.
- Electronic Arts achieved a record trailing twelve-month operating cash flow of $2.04 billion, leading to the initiation of a quarterly dividend and a $2.6 billion share repurchase program.
- EA SPORTS Ultimate Team player counts grew 25% year-over-year, surpassing 30 million total players and serving as a primary growth engine alongside Apex Legends.
- Digital adoption of full-game units reached 56% over the trailing twelve-month period, driven by structural shifts in consumer behavior during the COVID-19 pandemic.
Electronic Arts Q2 FY21 Financial Results
Electronic Arts reported strong financial results for the second fiscal quarter of 2021, ending September 30, 2020.
- Electronic Arts achieved a record trailing twelve-month operating cash flow of $2.04 billion, marking a 17% year-over-year increase.
- Live services and other digital revenue streams now account for 75% of the company's total net revenue, totaling $869 million for the quarter.
- The company initiated its first-ever quarterly cash dividend of $0.17 per share and authorized a new two-year, $2.6 billion stock repurchase program.
Electronic Arts Q3 FY26 Financial Results
Electronic Arts reported record quarterly net bookings of $3.046 billion for the third fiscal quarter ending December 31, 2025, representing a 38% increase year-over-year.
- Electronic Arts has entered a definitive agreement to be acquired by a consortium including The Public Investment Fund, Silver Lake Group, and Affinity Partners in an all-cash transaction valued at approximately $55 billion, with an expected closing in Q1 FY2027.
- The company achieved record quarterly net bookings of $3.046 billion, a 38% year-over-year increase, driven by the launch of Battlefield 6 and sustained performance from EA SPORTS FC and Apex Legends.
- Net income dropped significantly to $88 million from $293 million in the prior year, while operating income fell to $127 million due to higher R&D, marketing costs, and expenses related to the pending acquisition.
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