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Jun 30, 2025
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.
Revenue by Segment
Revenue by Geographic Location
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.
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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