Electronic Arts Got a Boost From "Apex Legends" Last Quarter
The worst might be over for Electronic Arts (NASDAQ: EA). After a sluggish fiscal 2019, the game maker reported better-than-expected earnings results for the fiscal first quarter of 2020 (the company's fiscal year ends in March).
Non-GAAP revenue, or net bookings, came in at $743 million, which was slightly down year over year but better than the average analyst estimate of $719 million. Management credited strong player engagement in Madden NFL, FIFA, The Sims 4, and Apex Legends for the better-than-expected results.
Here's a deeper dive into what drove EA's results.
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