Financial Glossary and Balance Sheet Summary
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•
Q1 2024 Korea/China Outlook
Korea
Expect revenues to decrease Y/Y due to FC ONLINE¹, MapleStory, and
mobile titles
PC2: Expect to decrease Y/Y
Expect FC ONLINE¹ to decrease due to the tough comparison with Q1 2023
when enduring excitement from the World Cup contributed to record-
setting quarterly revenue
Expect MapleStory to decrease as we expect short-term negative impact
on revenue due to our decision of discontinuing the sales of a major
probability-based item and transitioning to a business model that offers
the same experience, paid for with in-game currency rather than cash
Mobile: Expect to decrease Y/Y due to FC ONLINE M' and HIT2
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China
Expect revenues to decrease due to Dungeon&Fighter
Dungeon&Fighter
The imbalance issues that affected the game's economy in late December carried
over into Q1; as a result, packaged-item sales from the Lunar New Year update (1/11-)
have not performed as expected
Throughout 2024, we will not only double the amount of new content introduced in
2023, but also accelerate the update process; this includes the renewal of existing
characters, the introduction of new characters, renovation of the existing item system,
collaboration with popular IPs, plus more raids, and other high-end content to
stimulate player engagement and balance the in-game economy
MapleStory: The Legends of Maple
Expect to maintain its momentum and contribute to Q1
(Unit: \ millions)
Q1 2023
Q1 2024 Outlook
Actual
Low-end
High-end
64,942
51,041
55,002
YoY % Change
As-Reported
Constant
Currency³
(21%) (15%) (26%) - (20%)
64,942
55,002
Q1
2023
1 Official title is EA SPORTS FCT ONLINE (PC) and EA SPORTS FCT ONLINE M (mobile).
2 PC revenues include other revenues besides PC online games and mobile games.
2024
Q1 2023
Q1 2024 Outlook
Actual
Low-end
High-end
43,080
25,642
29,780
YoY % Change
Constant
As-Reported
Currency³
(40%) (31%) (44%) - (35%)
43,080
29,780
Q1
2023
2024
(High-end)
(High-end)
3 Constant currency is a non-GAAP measure used to show performance unaffected by fluctuations in foreign currency exchange
rates. Constant-currency basis amounts are calculated using the average foreign currency exchange rates for the comparable
period in the prior year and applied to the current period. As an example, we calculate royalty revenues from China
Dungeon&Fighter by applying the same CNY/USD, USD/KRW and KRW/JPY exchange rates from last year's same fiscal quarter.
4 Official title of MapleStory M in China.
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