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Electronic Arts has released Q1 FY22 financials, stating that The Sims 4 is expected to boost their Q2 earnings. Check out details and information below!
For the second quarter, we expect GAAP net revenue of $1.775 billion, cost of revenue to be $518 million and operating expenses of $1.030 billion. This results in an earnings per share of $0.36 for the second quarter. We expect Q2 fiscal 2012 net bookings to be $1.725 billion, which would make it our largest Q2 ever, driven by the launch of FIFA, continued growth of Apex Legends, plus Mobile, F1, Madden and The Sims. This is up 90% on a year ago quarter.
