In their latest earnings call, EA's CEO Andrew Wilson and CFO Blake Jorgensen talked about their plans for the rest of the year, including free next-gen upgrades.
Much like the rest of the industry, the ongoing COVID-19 situation has left its mark on EA, but the company is still looking ahead at an exciting year.
In fact, the publisher is aiming to release 14 new titles in fiscal 2021, which is the period from May 2020 to end of April 2021, albeit at least four are EA Sports' regular annual games.
When it comes to next-gen consoles, however, EA is planning to hit the ground running. They stated that some of their games will have free upgrades for PlayStation 5 and Xbox One X, so early adopters needn't worry about their libraries.
"Note that this year the phasing includes the effect of revenue recognition from the games we are launching for the current generation of consoles that can also be upgraded for free for the next generation. We’ve made a preliminary estimate of that impact in the phasing. But it should be noted that this will not affect net bookings for the full year, nor cash flow, just the timing of recognition", Jorgensen said.
We yet to learn about the specifics of this, most importantly which games are we talking about, but it's definitely good news.
Looking at the rest of the report, most of EA"s creative highlights come from Respawn, both on the singleplayer and multiplayer fronts. Vince Zampella and Co have really been on fire lately, so it's well deserved, and EA is quite delighted with the studio's work.
You can find EA's Q4 FY 2020 earnings call transcript here .