Electronic Arts reported lower profit during its third quarter, despite a rise in revenue.
The gaming company reported net income of US$88 million, or 35 cents per share, which was a drop from last year’s $293 million or $1.11 per share.
This was driven by a rise in net bookings, which rose 38% to US$3.046 billion.
Despite the drop in income, the company reported a 1% increase in revenue to $1.901 billion for the quarter.
This was driven by EA’s best seller, Battlefield 6, which set new franchise engagement records.
The gaming giant didn’t host its regular conference call with executives this quarter, ahead of its pending $55 billion deal to go private.
In the earnings report, the company noted that its deal with Saudi Arabia’s Private Investment Fund Silver Lake and Jared Kushner’s Affinity Partners is still set to go ahead in June of this year during the company’s first quarter of 2027.
If the deal goes through, EA shareholders will receive $210 per share in cash, representing a premium 25% as of the company’s closing share price on 25 September.
Following the acquisition, Andrew Wilson will remain CEO of the company.
The pending acquisition sparked controversy after it was announced last September, with some prominent Sims 4 content creators announcing that they are walking away from the EA Creator Network and boycotting purchasing new content from the company
