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Jun 30
EA Q1 2026 Earnings Report
Electronic Arts beat guidance on net bookings and reported solid Q1 results.
Key Takeaways
EA delivered $1.3 billion in net bookings for Q1 FY26, surpassing guidance, with strong performance across its EA SPORTS portfolio and solid contributions from Apex Legends and catalog titles.
Net bookings reached $1.298 billion, exceeding the high end of guidance ($1.275B).
Diluted EPS was $0.79 and net income totaled $201 million for the quarter.
Live services continued to contribute the majority of revenue, totaling $1.382 billion.
Cash flow from operations was $17 million, with $375 million returned to shareholders via repurchases.
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
EA reaffirmed FY26 guidance, expecting steady performance with strong upcoming titles and live service engagement.
Positive Outlook
- Net bookings guidance of $7.6B to $8.0B for FY26.
- Strong performance expected from Apex Legends and catalog.
- Madden NFL 26 expected to offset seasonal full game declines.
- Battlefield 6 launch planned, supported by increased marketing.
- Live services expected to maintain engagement and monetization.
Challenges Ahead
- Deferred revenue headwind from EA SPORTS FC 26 Ultimate Edition.
- Q2 operating expenses to increase due to marketing ramp-up.
- Net income guidance for Q2 remains relatively low ($73M–$117M).
- Cash from operations in Q1 was weak at just $17 million.
- Mobile and live services showed flat or slightly declining revenue YoY.
Revenue & Expenses
Visualization of income flow from segment revenue to net income