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Mar 31, 2024
EA Q4 2024 Earnings Report
EA's Q4 and FY24 results were reported, highlighting record cash flow and strong earnings growth.
Key Takeaways
EA reported its Q4 and FY24 results, showcasing a decrease in net revenue for the quarter but a record fiscal year cash flow. The company delivered 11 titles and over 600 content updates, including the rebrand of EA SPORTS FC. An expanded stock repurchase program was announced, reflecting confidence in the company's future.
Net revenue for the quarter was $1.779 billion, down from $1.874 billion year-over-year.
Net income for the quarter was $182 million, a significant increase compared to a net loss of $12 million in the same period last year.
Diluted earnings per share for the quarter was $0.67, compared to a loss per share of $0.04 in the previous year.
The board authorized a new stock repurchase program of $5 billion over three years.
EA
EA
EA Revenue by Segment
EA Revenue by Geographic Location
Revenue by Segment
Full game downloads Revenue
CapyFin.comPackaged goods Revenue
CapyFin.comLive services and other Revenue
CapyFin.comRevenue by Geographic Location
Console Revenue
CapyFin.comPC & Other Revenue
CapyFin.comMobile Revenue
CapyFin.com Forward Guidance
Electronic Arts provided financial outlook for the first quarter and full fiscal year 2025, including net revenue, net income, and diluted earnings per share expectations, along with operational outlook for net bookings.
Positive Outlook
- Net revenue is expected to be approximately $1.575 billion to $1.675 billion for Q1 2025.
- Net income is expected to be approximately $197 million to $243 million for Q1 2025.
- Diluted earnings per share is expected to be approximately $0.73 to $0.90 for Q1 2025.
- Net revenue is expected to be approximately $7.100 billion to $7.500 billion for FY25.
- Net income is expected to be approximately $904 million to $1.085 billion for FY25.
Challenges Ahead
- Change in deferred net revenue (online-enabled games) is expected to be approximately ($425) million for Q1 2025.
- Net bookings is expected to be approximately $1.150 billion to $1.250 billion for Q1 2025.
- Operating cash flow is expected to be approximately $2.050 billion to $2.250 billion for FY25.
- Net bookings is expected to be approximately $7.300 billion to $7.700 billion for FY25.
- The Company estimates a share count of 270 million for purposes of calculating diluted earnings per share for Q1 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income