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Apex Legends currently has a total game revenue of 1.6 billion U.S. dollars

Apex Legends currently has a total game revenue of 1_6 billion US dollars


Recently, EA announced the latest data on its company's earnings in its earnings report. From the report, EA's performance in the second quarter of fiscal year 2022 is the strongest in the company's entire history.
 
The report pointed out that the revenue of "Apex Legends" this quarter was particularly outstanding, and the revenue of the project was 150% higher than that of the second quarter of last year. Players spend a lot of money in this game, which makes EA very lucrative. At present, the game's revenue has reached 1.6 billion U.S. dollars, which is very close to the annual goal of 1 billion U.S. dollars set by EA.
 
Electronic Arts just had the biggest year in its history. On Tuesday, the Redwood City, California-headquartered gaming giant announced that the 2020–21 fiscal year delivered record revenues and sales, driven by the likes of Apex Legends and FIFA 21. EA grossed $5.63 billion (roughly Rs. 41,361 crores) in net revenue this past financial year, while “net bookings” — that includes products and services, sold digitally or physically — went up to $6.19 billion (roughly Rs. 45,475 crores). Of the latter, $4.6 billion (roughly Rs. 33,794 crores) came from “live services,” that refers to in-game microtransactions and subscription revenue generated from EA Play.
 
“To give some perspective, that $4.6 billion is equivalent to the sale of around 130 million copies of console games,” Blake Jorgensen, EA's chief financial officer and chief operating officer, said [PDF] on the earnings call on Tuesday. Jorgensen highlighted the free-to-play shooter Apex Legends, that had [PDF] “the best day, the best 24-hour period, the best week, the best month and best in-game event” of an EA titles in 2020–21. Apex Legends brought in $600 million (roughly Rs. 4,407 crores) for EA, passing $1 billion (roughly Rs. 7,346 crores) in net bookings to date during this past quarter. The game is set to expand further in 2021–22 with the launch of Apex Legends Mobile.
 
Given the game’s rosy prospects moving forward, investors floated the idea of increasing the pace of new Apex content, possibly by hiring more people. “Could we deliver more content?” Wilson said. “Possibly. Does that make sense? Maybe.” In view of the success of "Apex Legends", investors put forward the idea of speeding up the development of the game. For the investors' proposal, EA has not yet given a definitive response.
 
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