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Jun 30, 2024
EA Q1 2025 Earnings Report
EA reported a strong start to FY25, exceeding net bookings guidance driven by live services and player engagement.
Key Takeaways
Electronic Arts (EA) reported strong Q1 FY25 results, exceeding net bookings guidance. The company's performance was driven by live services and continued player engagement across its experiences. EA is building momentum for FY25 with the successful launch of College Football 25 and upcoming launches for Madden NFL, EA SPORTS FC, and Dragon Age: The Veilguard.
Net bookings for the quarter totaled $1.262 billion, exceeding guidance due to strong performance across Madden NFL 24, FC Online and FC Mobile.
EA SPORTS FC celebrated real-world tournaments and events, attracting millions of new fans.
EA SPORTS Madden NFL delivered sustained momentum, with double-digit growth in weekly average users in Ultimate Team and total net bookings year-over-year.
EA SPORTS College Football 25 welcomed 5 million unique players in its first week.
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
PC & Other Revenue
CapyFin.comMobile Revenue
CapyFin.com Forward Guidance
EA provided financial outlook for Fiscal Year 2025 and Second Quarter Fiscal Year 2025.
Positive Outlook
- Net revenue is expected to be approximately $7.100 billion to $7.500 billion for FY25.
- Net income is expected to be approximately $904 million to $1.085 billion for FY25.
- Operating cash flow is expected to be approximately $2.050 billion to $2.250 billion for FY25.
- Net revenue is expected to be approximately $1.900 billion to $2.000 billion for Q2 FY25.
- Net income is expected to be approximately $204 million to $248 million for Q2 FY25.
Challenges Ahead
- Net bookings is expected to be approximately $7.300 billion to $7.700 billion for FY25.
- Change in deferred net revenue (online-enabled games) is expected to be approximately $200 million for FY25.
- Diluted earnings per share is expected to be approximately $3.34 to $4.00 for FY25.
- Net bookings is expected to be approximately $1.950 billion to $2.050 billion for Q2 FY25.
- Diluted earnings per share is expected to be approximately $0.76 to $0.93 for Q2 FY25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income