EA Q1 2022 Earnings Report

Electronic Arts reported Q1 FY22 financial results, which were above expectations. The outlook for the full year was raised.

Key Takeaways

Electronic Arts had a strong start to the fiscal year, exceeding expectations due to outperformance from recent launches and strong execution in live services. The company raised its outlook for the full year, supported by ongoing confidence in live services.

Net bookings for the trailing twelve months were $6.136 billion, up 3% year-over-year.

More than 140 million players engaged with EA SPORTS™ games over the trailing twelve months.

Over 31 million players joined FIFA 21 on console and PC since launch.

Season 9 for Apex Legends™ averaged more than 13 million weekly active players and set a new record for peak daily players across all seasons.

Total Revenue

$1.34B

Previous year: $1.46B

-8.4%

EPS

$0.79

Previous year: $1.42

-44.4%

Gross Profit

$1.24B

Previous year: $1.17B

+5.6%

Cash and Equivalents

$2.84B

Previous year: $4.01B

-29.3%

Total Assets

$12.7B

Previous year: $11.3B

+12.9%

EA

EA Revenue by Segment

EA Revenue by Geographic Location

Forward Guidance

For the second quarter of fiscal year 2022, ending September 30, 2021, Net revenue is expected to be approximately $1.775 billion, Net income is expected to be approximately $105 million, and Diluted earnings per share is expected to be approximately $0.36.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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