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Jun 30, 2020
EA Q1 2021 Earnings Report
Reported strong Q1 FY21 financial results, marked by significant growth and player engagement.
Key Takeaways
Electronic Arts reported a strong first quarter with significant growth in net revenue, driven by high player engagement and successful game launches. The company exceeded expectations and saw substantial increases in player acquisition and engagement across key titles.
Net bookings for the trailing twelve months increased by 17% year-over-year, reaching $5.980 billion.
Player acquisition for FIFA was up by more than 100% year-over-year, and Madden NFL saw an increase of nearly 140%.
The Sims 4 has surpassed 30 million players across all platforms, with record-high daily, weekly, and monthly active player totals for a first quarter.
Net cash provided by operating activities was $378 million for the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Electronic Arts provided financial guidance for the second quarter ending September 30, 2020, including net revenue of approximately $1.125 billion and net bookings of approximately $875 million.
Positive Outlook
- Net revenue is expected to be approximately $1.125 billion.
- Change in deferred net revenue (online-enabled games) is expected to be approximately $(250) million.
- Net income is expected to be approximately $61 million.
- Diluted earnings per share is expected to be approximately $0.21.
- Net bookings is expected to be approximately $875 million.
Challenges Ahead
- Madden NFL 21 will launch on August 28, 2020.
- FIFA 21 will launch on October 9, 2020, moving out of the second fiscal quarter.
- Launch dates affect the original estimated phasing of net revenue.
- Launch dates affect the original estimated phasing of net bookings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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