| Electronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its third quarter ended December 31, 2024. |
| “The record success of our EA SPORTS FC 25 Team of the Year event demonstrates our creative teams’ ability to adapt, innovate, and execute at scale,” said Andrew Wilson, CEO of Electronic Arts. “As we build on this momentum across EA, we are confident in a return to growth in FY26 and beyond as we bring our next wave of iconic entertainment to players and fans worldwide.” |
| “Today we announced plans for a $1 billion accelerated share repurchase, which is expected to bring total stock repurchases to $2.5 billion within the first year of our $5 billion authorization,” said Stuart Canfield, CFO of Electronic Arts. “This reflects both our confidence in EA’s long-term strategy and our ability to balance investment in growth with capital returns.” |
| Selected Operating Highlights and Metrics |
- Net bookings1for the quarter totaled $2.215 billion.
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- Our Global Football franchise net bookings have grown more than 70% over the last five fiscal years, making it one of the biggest sports entertainment properties in the world.
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- Our gameplay update for EA SPORTS FC™ 25, released on January 16th, drove engagement levels above our expectations, with over two million Ultimate Team players re-activated from earlier in the launch cycle.
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- EA SPORTS FC Mobile saw a double-digit increase in new players and engagement year-over-year.
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- American Football saw double-digit growth in weekly active users year-over-year in the third quarter and remains on pace to surpass $1 billion in net bookings for fiscal year 2025.
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- EA unveiled Battlefield™Labs, a new initiative allowing player-driven testing and innovation ahead of the franchise’s expected fiscal year 2026 release.
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| Selected Financial Highlights and Metrics |
- Net revenue was $1.883 billion.
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- Net cash provided by operating activities was $1.176 billion for the quarter and $2.110 billion for the trailing twelve months.
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- EA repurchased 2.4 million shares for $375 million during the quarter under the stock repurchase program, bringing the total for the trailing twelve months to 10.1 million shares for $1.450 billion.
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- EA plans for an accelerated stock repurchase program of $1 billion, which is expected to bring the total stockholder return to $2.5 billion within the first year of our $5 billion authorization.
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| Dividend |
| EA has declared a quarterly cash dividend of $0.19 per share of the Company’s common stock. The dividend is payable on March 19, 2025, to stockholders of record as of the close of business on February 26, 2025. |
| Business Outlook as of February 4, 2025 |
| Fiscal Year 2025 Expectations – Ending March 31, 2025 |
| Financial outlook metrics: |
- Net revenue is expected to be approximately $7.250 billion to $7.400 billion.
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- Change in deferred net revenue (online-enabled games) is expected to be approximately ($250) million.
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- Net income is expected to be approximately $1.038 billion to $1.130 billion.
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- Diluted earnings per share are expected to be approximately $3.90 to $4.25.
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- Operating cash flow is expected to be approximately $1.800 billion to $1.900 billion.
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- The Company estimates a share count of 266 million for purposes of calculating diluted earnings per share.
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| Operational outlook metric: |
- Net bookings1 are expected to be approximately $7.000 billion to $7.150 billion.
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| Fourth Quarter Fiscal Year 2025 Expectations – Ending March 31, 2025 |
| Financial outlook metrics: |
- Net revenue is expected to be approximately $1.682 billion to $1.832 billion.
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- Change in deferred net revenue (online-enabled games) is expected to be approximately ($238) million.
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- Net income is expected to be approximately $171 million to $263 million.
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- Diluted earnings per share are expected to be approximately $0.65 to $1.00.
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- The Company estimates a share count of 264 million for purposes of calculating diluted earnings per share.
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| Operational outlook metric: |
- Net bookings1 are expected to be approximately $1.444 billion to $1.594 billion.
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| For the full document click the link below: |
| Electronic Arts Inc |
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