EA just earned over $1 billion in a single quarter

Games industry juggernaut EA continues dominating charts and earnings thanks to strong and diversified business strategies.

@DeekeTweak
Published Fri, Feb 3 2017 7:59 AM CST   |   Updated Tue, Nov 3 2020 11:56 AM CST

In its latest Q3 2017 financial earnings report, EA reveals that it's raked in an insane $1.115 billion in operating cash flow in a single three-month period. This is the first time EA has achieved such a feat in a single quarter, and expects strong titles and services to continue the momentum into FY2018.

EA just earned over  billion in a single quarter 53 | TweakTown.com
VIEW GALLERY - 4 IMAGES

"For the first time ever, we generated over $1 billion in operating cash flow in a quarter. This is a true testament to the innovation we built into Battlefield 1 and FIFA 17 and the continued strength of our digital live services," said EA Chief Financial Officer Blake Jorgensen.

EA just earned over $1 billion in a single quarter 52 | TweakTown.com

EA predicts that its financial future will be even better: the company forecasts that its Q4 2017 (ending March 31, 2017) net revenue will increase to $1.482 billion compared to Q3 2017's net revenue of $1.149 billion, likely bolstered by new content such as Mass Effect: Andromeda, Battlefield Premium purchases from Battlefield 1's They Shall Not Pass DLC, and accumulated services, content, etc.

EA just earned over $1 billion in a single quarter 50 | TweakTown.com

Total net revenue earnings for Fiscal Year 2017 (FY2017) are expected to be $4.8 billion, with operating cash flow at $1.35 billion.

EA just earned over $1 billion in a single quarter 51 | TweakTown.com

Going back to the three-month Q3 2017 period, EA reports that 60% of its massive $1.149 billion ($685 million) net revenue was earned by digital-based content including full game downloads and Ultimate Team purchases.

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles