It's easy to see how Electronic Arts could be facing a down quarter or even a down year, financial speaking. After all, Battlefield 2042 isn't doing too well. Not to mention, the wider video game industry, as a whole, is posting net negatives following record highs last year.

However, it appears that EA is bucking trends.

According to the publisher's Q1 FY23 earnings results, EA's net bookings (i.e. sales) exceeded its expectations at $1.3 billion. In total, Q1's net revenue was $1.77 billion. EA points out that this strong performance is due to the strength of the "FIFA franchise and the F1 22 launch."

More interestingly, EA CEO, Andrew Wilson, also shared how he thinks that "games are the social networks of the future."

Here's an excerpt of Wilson's statement as he praised the strong performance of EA's IPs in Q1 FY23: