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Mar 31, 2023
EA Q4 2023 Earnings Report
EA delivered strong Q4 results driven by record net bookings and live services performance.
Key Takeaways
Electronic Arts reported a strong Q4 with record net bookings, up 11% year-over-year. The EA SPORTS FIFA franchise and Apex Legends delivered significant growth, contributing to a better-than-expected finish to the fiscal year. The company is carrying strong momentum into the brand launch of EA SPORTS FC.
Q4 net bookings reached a record $1.946 billion, up 11% year-over-year.
Live services and other net bookings for Q4 was $1.622 billion, up 9% year-over-year.
EA SPORTS FIFA franchise Q4 net bookings grew 31% year-over-year.
Apex Legends delivered net bookings growth in Q4 year-over-year at constant currency.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
EA expects for fiscal year 2024, net revenue to be approximately $7.300 billion to $7.700 billion and net bookings to be approximately $7.300 billion to $7.700 billion.
Positive Outlook
- Net revenue is expected to be approximately $7.300 billion to $7.700 billion.
- Net income is expected to be approximately $915 million to $1.055 billion.
- Diluted earnings per share is expected to be approximately $3.30 to $3.81.
- Operating cash flow is expected to be approximately $1.700 billion to $1.850 billion.
- Net bookings is expected to be approximately $7.300 billion to $7.700 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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