The best-selling computer game in the UK in 2023 was Electronic Arts Inc's (NASDAQ:EA) replacement for its long-running FIFA series, called EA Sports FC 24 last year.  Total spending on gaming via consoles and PCs grew 2.9% to £4.74 billion, according to the Digital Entertainment and Retail Association ERA. This was a slight increase from the 2.3% growth in 2022 but after outsized growth during the second year of the pandemic. UK gaming sales were more than twice the amount generated in 2013, with digital s ...

One stock that might be an intriguing choice for investors right now is Electronic Arts Inc. (EA) . This is because this security in the  Toys - Games - Hobbies space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the ...

Among the 25 best stocks to own in January is video game name Electronic Arts Inc. (NASDAQ:EA). Per Schaeffer's Senior Quantitative Analyst Rocky White's list of best S&P 500 Index (SPX) equities that tend to outperform this month, historically, EA averaged a 6% gain in seven out of the last 10 years. Though Electronic Arts stock is fractionally lower this afternoon, last seen trading at $135.63, the $135 level that moved in as a layer of support in late-November once again stepped up to thwart today's smal ...

Call Start: 4:00 January 1, 0000 4:29 AM ET Electronic Arts Inc. (NASDAQ:EA) Nasdaq 49th Investor Conference Call December 5, 2023 4:00 AM ET Company Participants Stuart Canfield - Executive VP & CFO Conference Call Participants Matt Cost - Morgan Stanley Matt Cost Okay, we're on. All right. Good morning, everyone. Thanks so much for being here. My name is Matt Costs from Morgan Stanley, US internet team, thrilled to be joined by Stuart Canfield, the CFO of EA, thank you so much for being here. Stuart Canfi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☑ 1934 For the Quarterly Period Ended September 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to Commission File No. 000-17948 ELECTRONIC ARTS INC. (Exact name of registrant as specified in its charter) Delaware 94-2838567 (State or other jurisdiction of (I.R ...

Electronic Arts Inc. (NASDAQ:EA) Q2 2024 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Katie Burke - Director of Investor Relations Andrew Wilson - Chief Executive Officer Stuart Canfield - Chief Financial Officer Conference Call Participants Matthew Cost - Morgan Stanley Benjamin Soff - Deutsche Bank AG Eric Handler - ROTH MKM Partners, LLC David Karnovsky - JPMorgan Chase & Co. Brian Fitzgerald - Wells Fargo Securities LLC Eric Sheridan - Goldman Sachs Group, Inc. Operator Good ...

Electronic Arts Inc. Q2 FY24 Results Safe Harbor Statement Select Q2 FY24 Highlights Net Bookings Results Table of Existing Live Services and FY24 Title Slate Contents Guidance 2023 Impact Report Highlights Safe Harbor Statement Please review our risk factors on Form 10-Q filed with the SEC Some statements set forth in this document, including the information relating to EA’s fiscal 2024 guidance information and title slatecontain forward-looking state ...

https://reportify-1252068037.cos.ap-beijing.myqcloud.com/media/production/s_m_content_0a9680ae2d175ce34947a548569da698.html ...

Financial Performance - Total net revenue for the fiscal quarter ended June 30, 2023, was $1,924 million, representing a 9% year-over-year increase[124]. - Operating income increased by 23% year-over-year to $542 million, while net income was $402 million with diluted earnings per share of $1.47[124]. - Net cash provided by operating activities was $359 million, a significant increase of 560% year-over-year[124]. - Net revenue for the three months ended June 30, 2023, was $1,924 million, an increase of $157 million or 9% compared to the same period in 2022[161]. - Full game net revenue for the three months ended June 30, 2023, was $443 million, up $102 million or 30% year-over-year, driven by the release of Star Wars Jedi: Survivor and FIFA 23[163]. - Live services and other net revenue for the three months ended June 30, 2023, was $1,481 million, an increase of $55 million or 4% compared to the same period in 2022, primarily due to sales of extra content for FIFA Ultimate Team[164]. - Full game downloads generated $301 million in revenue for the three months ended June 30, 2023, a 27% increase from $237 million in the same period last year[162]. - Packaged goods revenue was $142 million for the three months ended June 30, 2023, reflecting a 37% increase from $104 million in the prior year[162]. Bookings and Revenue Recognition - Net bookings for the three months ended June 30, 2023, were $1,578 million, an increase of $279 million or 21% compared to the same period in 2022[136]. - Live services and other net bookings were $1,177 million, up $43 million or 4% year-over-year, primarily driven by sales of extra content for FIFA Ultimate Team[136]. - The company recognizes revenue from subscriptions ratably over the subscription term as the performance obligation is satisfied[144]. - Revenue for service-related performance obligations for digitally-distributed games is recognized over an estimated eight-month period beginning in the month of sale[150]. - The company evaluates sales to end customers via third-party storefronts to determine if revenue should be reported gross or net of fees retained by the storefront[151]. Expenses and Costs - Cost of revenue increased by $54 million, or 17%, to $368 million for the three months ended June 30, 2023, compared to $314 million for the same period in 2022[167]. - Research and development expenses rose by $24 million, or 4%, to $596 million for the three months ended June 30, 2023, primarily due to a $12 million increase in stock-based compensation[168]. - Marketing and sales expenses decreased by $5 million, or 2%, to $229 million for the three months ended June 30, 2023, mainly due to a reduction in personnel-related costs[170]. - General and administrative expenses decreased by $4 million, or 2%, to $163 million for the three months ended June 30, 2023, primarily due to a decrease in stock-based compensation[173]. Cash Flow and Capital Management - Net cash provided by operating activities increased by $437 million to $359 million for the three months ended June 30, 2023, compared to a net cash outflow of $78 million in the same period in 2022[176]. - Total cash and cash equivalents decreased by $165 million to $2,259 million as of June 30, 2023, from $2,424 million as of March 31, 2023[175]. - The company returned $377 million to stockholders during the three months ended June 30, 2023, through share repurchases and dividends[182]. - As of June 30, 2023, approximately $1,165 million of cash and cash equivalents were domiciled in foreign tax jurisdictions, available for repatriation without a material tax cost[182]. Tax and Deferred Assets - The effective tax rate for the three months ended June 30, 2023, was 28%, down from 29% in the same period in 2022, due to a higher proportion of non-U.S. income in lower tax jurisdictions[174]. - The company recognizes deferred tax assets and liabilities based on expected future tax benefits and the impact of differences between financial statement amounts and tax bases[152]. Strategic Plans and Future Outlook - The company plans to transition its global football franchise to the new EA SPORTS FC brand starting in fiscal year 2024, aiming to create the largest football club in the world[131]. - The 2023 Restructuring Plan aims to prioritize investments in growth opportunities and optimize the real estate portfolio, expected to be substantially complete by September 30, 2023[134]. - Capital expenditures are expected to be approximately $275 million in fiscal year 2024, primarily for facility buildouts[181]. Risk Management - The company manages interest rate risk through a short-term investment portfolio primarily consisting of high credit quality debt instruments[194]. - The company employs foreign currency forward contracts to hedge anticipated exposures related to foreign currency-denominated sales and expenses[190]. - The company believes that the risk of counterparty nonperformance in foreign currency forward contracts is not material, but market disruptions could affect this[191]. - As of June 30, 2023, a hypothetical 150 basis point increase in interest rates would have resulted in a $2 million, or 1% decrease in the fair market value of short-term investments[196]. - As of June 30, 2023, a hypothetical adverse foreign currency exchange rate movement of 10% would have resulted in potential declines in the fair value of foreign currency forward contracts used in cash flow hedging of $210 million[192]. - A hypothetical adverse foreign currency exchange rate movement of 20% would have resulted in potential declines of $419 million in the same contracts[192]. - For balance sheet hedging, a 10% adverse movement would lead to potential losses of $101 million, while a 20% movement would result in losses of $202 million[192]. Internal Controls and Compliance - The effectiveness of the company's disclosure controls and procedures was evaluated as effective by the CEO and CFO as of the end of the reporting period[198]. - There were no changes in internal controls over financial reporting that materially affected the company during the fiscal quarter ended June 30, 2023[199]. - The company does not hedge its short-term investment portfolio against market price risk relating to marketable equity securities[188].

Electronic Arts Inc. (NASDAQ:EA) Q1 2024 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Katie Burke - Director, Investor Relations Andrew Wilson - Chief Executive Officer Stuart Canfield - Chief Financial Officer Laura Miele - President of EA Entertainment, Technology and Central Development Conference Call Participants Eric Sheridan - Goldman Sachs Clay Griffin - MoffettNathanson Andrew Uerkwitz - Jefferies Matthew Cost - Morgan Stanley Colin Sebastian - Baird Matthew Thornton - Tr ...