Electronic Arts is one of the largest game publishers in the world, and over the years they’ve released many beloved classics of the gaming industry, including the Dead Space, Mass Effect, and Dragon Age series. While the company has been mired in scandal repeatedly over most of the past decade, that hasn’t stopped EA from raking in record profits year after year.
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In the company’s most recent earnings call, Electronic Arts CEO Andrew Wilson took some time to address the possible effects of the looming recession in the US. He assured listeners that engagement with EA’s products, especially its biggest franchises like FIFA and The Sims, has so far remained unaffected by the state of the economy. “As it stands right now, we haven’t seen meaningful shifts in behavior,” he said, before going on to state that he expected EA to continue to grow in the future.
Wilson stressed that the company would be proceeding with caution in the coming months, however, warning that “if it gets really bad, I don’t think anybody is immune.” The rest of Wilson’s statement was spent attempting to reassure listeners in spite of these troubling prospects: he called Electronic Arts “unbelievably resilient,” reiterating the consistently high engagement with EA’s major titles, and insisting that he and the rest of EA’s executives “feel really good about the future.”
Certainly, all publicly available information seems to support Wilson’s optimism: the company’s revenue and profits continued to increase last quarter, and EA made over $1 billion from microtransactions in the past three months alone. There is some room for doubt though, considering how emphatically Wilson seemed to insist that there was nothing to worry about. That being said, for the time being there is no evidence suggesting the CEO’s confidence is at all unfounded, and any suggestions of trouble on the horizon are mere speculation. Even as economic crises rock the US, Europe, and beyond, all signs suggest Electronic Arts is more than capable of riding out the storm.
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Source: Seeking Alpha, Gamespot
