Electronic Arts saw a bump in total net revenue and net income over its full fiscal year 2020 from 2019, up $5.5 billion and $3 billion, respectively.
FY19 numbers in both categories totaled $3.7 billion and $1 billion, respectively. The sharp rise in income was aided by a one-time tax benefit recognized during the fiscal year.
Also reported by the video game company on Tuesday were the results for Q4 2020, which saw a year-over-year rise from $1.2 billion to $1.4 billion in total net revenue and an increase from $209 million to $418 million in net income. “We’ve had a strong year.
Our results this quarter prove the value of the live services path we’ve been on now for a decade," said EA COO and CFO Blake Jorgensen.
Read more on hollywoodreporter.com
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