New SEC filings released today have revealed that the Ultimate Team modes in Electronic Arts’ various sports-related offerings grossed the company a staggering $ 1.62 billion in fiscal 2021. According to EA, a “significant portion” of that revenue was derived from FIFA.
CONNECTED: Star Wars Jedi: Fallen Contract is getting an upgrade for Series X and PS5 this summer
Benefit from the game mode available in the company FIFA, Driving me crazy, and NHL Franchise businesses have grown year over year since their inception in 2008. In 2015, the company reported a profit of $ 587 million from the Ultimate Team, with 2018 being the first year that loot box extravaganza surpassed the $ 1 billion mark. On filings in 2020, the company reported a return of $ 1.49 billion, meaning this latest filing is seeing an increase of $ 130 million.
Given the global pandemic that is causing many people to be banned and playing more video games than ever before, this news comes as no great surprise. Given that many world governments are trying to fully regulate or ban loot boxes, EA must think quickly to find a way to compensate for a (we assume) catastrophic amount of lost revenue. Industry insiders believe the move to a subscription-based model could be an option for EA’s sports franchises. However, it remains to be seen how gamers would react to being asked to pay monthly for products that don’t seem to change much from one year to the next.
RELATED: MLB The Show 21 Thank You Bundle for Free Through May 17