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Jun 30, 2023
EA Q1 2024 Earnings Report
EA reported a record Q1, driven by strong momentum in EA SPORTS global football and Star Wars Jedi: Survivor.
Key Takeaways
EA delivered a record Q1 with net bookings up 21% year-over-year, driven by EA SPORTS FIFA momentum and Star Wars Jedi: Survivor. Net revenue was $1.924 billion and net income was $402 million.
Net bookings for Q1 was $1.578 billion, up 21% year-over-year.
Live services and other net bookings for Q1 was $1.177 billion, up 4% year-over-year and represented 75% of total net bookings.
EA SPORTS FIFA net bookings growth accelerated year over year, delivering a record Q1 for the franchise.
Star Wars Jedi: Survivor launched to critical acclaim and commercial success.
EA
EA
EA Revenue by Segment
EA Revenue by Geographic Location
Revenue by Segment
Full game downloads Revenue
CapyFin.comPackaged goods Revenue
CapyFin.comLive services and other Revenue
CapyFin.comRevenue by Geographic Location
Console Revenue
CapyFin.comPC & Other Revenue
CapyFin.comMobile Revenue
CapyFin.com Forward Guidance
For the second quarter of fiscal year 2024, EA expects net revenue between $1.825 billion and $1.925 billion and net bookings between $1.700 billion and $1.800 billion.
Positive Outlook
- Net revenue is expected to be approximately $1.825 billion to $1.925 billion.
- Change in deferred net revenue (online-enabled games) is expected to be approximately ($125) million.
- Net income is expected to be approximately $197 million to $243 million.
- Diluted earnings per share is expected to be approximately $0.72 to $0.89.
- Net bookings is expected to be approximately $1.700 billion to $1.800 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income