EA Q3 2022 Earnings Report

EA's Q3 2022 financial results were announced, revealing the largest quarter in the company's history for net bookings, profitability, and cash generation.

Key Takeaways

Electronic Arts reported a strong Q3 FY22, marked by significant growth in net bookings, profitability, and cash generation. The company's network expanded to over 540 million unique active accounts, with increased player engagement across its franchises.

Net bookings for the trailing twelve months increased by 22% year-over-year, reaching $7.254 billion.

The EA player network grew to over 540 million unique active accounts.

Apex Legends monthly active players increased by more than 30% year-over-year.

Net cash provided by operating activities was a record $1.534 billion for the quarter.

Total Revenue

$2.58B

Previous year: $2.4B

+7.4%

EPS

$3.2

Previous year: $3.06

+4.6%

Gross Profit

$1.16B

Previous year: $1.07B

+8.0%

Cash and Equivalents

$2.67B

Previous year: $4.77B

-44.0%

Total Assets

$13.9B

Previous year: $12.4B

+12.2%

EA

EA Revenue by Segment

EA Revenue by Geographic Location

Forward Guidance

For the quarter ending March 31, 2022, EA anticipates net revenue of approximately $1.759 billion, net income of around $130 million, and diluted earnings per share of about $0.46.

Positive Outlook

Net revenue is expected to be approximately $1.759 billion.
Change in deferred net revenue (online-enabled games) is expected to be approximately $2 million.
Net income is expected to be approximately $130 million.
Diluted earnings per share is expected to be approximately $0.46.
Net bookings is expected to be approximately $1.761 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View EA