EA’s net bookings drop 9% to $2.342B in December quarter

Electronic Arts today reported earnings for the third quarter which ended on December 31. The company launched two triple-A titles, Need for Speed Unbound and NHL 23, and reported high player engagement. However, its net bookings for the quarter were down 9% compared with last year. It also delayed its upcoming Star Wars title, Jedi: Survivor and shut down the mobile versions of Apex Legends and Battlefield.

EA reported GAAP-based net income of $204 million and total net revenue of $1.881 billion for the three-month period ended December 31. Its net income and revenue for the same quarter in the previous year was $66 million and $1.789 billion, respectively.