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Jun 30, 2022
EA Q1 2023 Earnings Report
EA delivered strong results in Q1 with growing player network deeply engaged in new games and live services.
Key Takeaways
Electronic Arts (EA) announced its Q1 FY23 financial results, reporting a total net revenue of $1.767 billion and net income of $311 million. The EA player network grew to nearly 600 million active accounts at quarter end. FIFA Mobile delivered the highest net bookings quarter in history, with record high DAUs, up 10% from last quarter.
EA delivered strong results in Q1 with growing player network deeply engaged in new games and live services.
FIFA Ultimate Team engagement during the quarter was up nearly 40% year-over-year in weekly and daily average players.
FIFA franchise and the successful launch of F1 drove net bookings outperformance.
EA repurchased 2.5 million shares for $320 million during the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
EA provided financial guidance for the second quarter of fiscal year 2023, ending September 30, 2022.
Positive Outlook
- Net revenue is expected to be approximately $1.850 to $1.900 billion.
- Change in deferred net revenue (online-enabled games) is expected to be approximately $(125) million.
- Net income is expected to be approximately $220 to $242 million.
- Diluted earnings per share is expected to be approximately $0.78 to $0.86.
- Net bookings is expected to be approximately $1.725 to $1.775 billion.
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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