The company also noted a slight increase in net revenue for its fourth quarter this year, up 3.3% to $1.58 billion compared to the same period last year, and announced a two-year program to purchase up to $2.4 billion common stock.
Under the program announced today, EA can buy stock in the open market or through privately negotiated deals. The timing and amount of the repurchase isn’t set and the company isn’t obligated to buy back any specific amount of shares, according to the release. This replaces a similar plan approved on May 8, 2017.
“Fiscal 2018 was a year of strong growth and continued transformation for Electronic Arts, as we expanded the reach of our leading franchises like ‘FIFA,’ ‘Battlefield,’ and ‘The Sims’ to more players across more platforms and geographies,” said CEO Andrew Wilson, in a prepared statement. “In the year ahead, we will expand the world of play with amazing new experiences and new IP, more competition, and industry-leading subscription programs. There has never been a more exciting time to be engaging and entertaining global communities.”
The company said that its EA Sports games now has nearly 90 million players across the titles on current gen consoles with nearly 18 million players playing in competitive gaming across “FIFA 18” and “Madden NFL 18.” That’s up more than 75% year-over-year. There are now 54 million players to date playing “Battlefield” games on the current generation consoles and PC, according to the company. And there are more than 80 million “Sims” players across PC and mobile in fiscal 2018.