Electronic Arts Inc

EA

Equity

ISIN US2855121099 / Valor 927743

NASDAQ (2024-09-18)

USD 140.45-1.50%

Electronic Arts Inc
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About company

Electronic Arts Inc, headquartered in Redwood City, California, is a leading developer and distributor of games, content, and online services for various platforms including consoles, mobile devices, and personal computers. With a focus on delivering cutting-edge games and innovative services, the company caters to nearly 600 million active players worldwide. Electronic Arts is known for its portfolio of high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for Speed™, Titanfall®, and F1®.

Summarized from source with an LLMView SourceSector: Technology

Net Bookings

Electronic Arts Inc. reported net bookings for the first quarter of fiscal year 2025 totaling $1.262 billion, surpassing the high end of their guidance range of $1.250 billion. This performance was driven by stronger-than-expected results from titles such as Madden NFL 24, FC Online, and FC Mobile.

Net Revenue

For the first quarter of fiscal year 2025, Electronic Arts Inc. achieved net revenue of $1.660 billion. This figure reflects the company's robust performance across its various gaming franchises and digital services.

Share Repurchase

During the first quarter of fiscal year 2025, Electronic Arts Inc. repurchased 2.8 million shares for a total of $375 million under its new stock repurchase program. This brings the total repurchased shares for the trailing twelve months to 10.2 million, amounting to $1.350 billion.

Dividend Declaration

Electronic Arts Inc. declared a quarterly cash dividend of $0.19 per share of the company’s common stock. The dividend is scheduled to be paid on September 18, 2024, to stockholders of record as of the close of business on August 28, 2024.

Business Outlook

Looking ahead, Electronic Arts Inc. provided its financial outlook for the fiscal year ending March 31, 2025. The company expects net revenue to be in the range of $7.100 billion to $7.500 billion, with net income projected between $904 million and $1.085 billion. Diluted earnings per share are anticipated to be approximately $3.34 to $4.00.

Summarized from source with an LLMView Source

Key figures

16.5%1Y

4.91%3Y

42.9%5Y

Performance

17.6%1Y

23.3%3Y

26.1%5Y

Volatility