EA Q2 2022 Earnings Report
Key Takeaways
Electronic Arts announced strong Q2 FY22 financial results, exceeding expectations and raising the outlook for the full year. The company's success was primarily driven by EA SPORTS titles and Apex Legends, with significant player engagement across leading franchises and live services.
Net bookings for the trailing twelve months were $7.077 billion, up 27% year-over-year.
Approximately 100 million players engaged with EA SPORTS global football franchise across all platforms in the first six months of the fiscal year.
Apex Legends Season 9 and Season 10 each set new records for highest active players since Season 1.
The Battlefield 2042 Open Beta had 7.7 million players.
EA
EA
EA Revenue by Segment
EA Revenue by Geographic Location
Forward Guidance
EA provides financial expectations for the quarter ending December 31, 2021. Net revenue is expected to be approximately $1.750 billion and net bookings is expected to be approximately $2.625 billion.
Positive Outlook
- Net revenue is expected to be approximately $1.750 billion.
- Change in deferred net revenue (online-enabled games) is expected to be approximately $875 million.
- Net income is expected to be approximately $5 million.
- Diluted earnings per share is expected to be approximately $0.02.
- Net bookings is expected to be approximately $2.625 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income