EA Q2 2021 Earnings Report

Reported strong Q2 FY21 financial results.

Key Takeaways

Electronic Arts announced preliminary financial results for the second fiscal quarter ended September 30, 2020, delivering more fan-favorite games, growing live services, and engaging more players across more platforms, with the business growing significantly this year and projecting continued expansion into FY22 and beyond.

Net bookings for the trailing twelve months was $5.577 billion, up 8% year-over-year.

Launched EA SPORTS UFC® 4, Madden NFL 21, Rocket Arena, and Star WarsTM: Squadrons during the quarter.

Madden NFL 21 has nearly 30% more players year-over-year.

Life to date, FIFA 20 has reached nearly 35 million players on console and PC.

Total Revenue

$1.15B

Previous year: $1.28B

-9.9%

EPS

$0.05

Previous year: $0.97

-94.8%

Net Bookings

$910M

Gross Profit

$865M

Previous year: $943M

-8.3%

Cash and Equivalents

$4.06B

Previous year: $2.94B

+38.1%

Total Assets

$11.5B

Previous year: $10.6B

+8.3%

EA

EA Revenue by Segment

EA Revenue by Geographic Location

Forward Guidance

Third Quarter Fiscal Year 2021 Expectations – Ending December 31, 2020

Positive Outlook

Net revenue is expected to be approximately $1.675 billion.
Change in deferred net revenue (online-enabled games) is expected to be approximately $675 million.
Net income is expected to be approximately $180 million.
Diluted earnings per share is expected to be approximately $0.61.
Net bookings is expected to be approximately $2.350 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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