Online game firm Digital Arts, Inc. (NASDAQ: EA) reported increased earnings and revenues for the primary quarter of 2023. Nonetheless, internet bookings declined modestly.
In the course of the June quarter, the corporate’s revenues elevated 14% year-over-year to $1.77 billion, regardless of a 3% lower in internet bookings. The administration additionally supplied income steering for the second quarter and full fiscal yr.
The web revenue of the Redwood Metropolis, California-based firm rose to $311 million or $1.11 per share in the newest quarter from $204 million or $0.71 per share within the first quarter of 2022.
Examine this area to learn administration/analysts’ feedback on Digital Arts’ Q1 report
“Our increasing EA SPORTS portfolio and owned IP franchises proceed to energy resilience and longevity in our enterprise. Our groups stay targeted on what they do finest – making wonderful experiences that encourage new generations to play, watch, create, compete and join,” stated Andrew Wilson, CEO of Digital Arts.