Electronic Arts (EA) Misses Q3 EPS, Revenues

February 2, 2021 4:08 PM EST

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Electronic Arts (NASDAQ: EA) reported Q3 EPS of $0.72, $2.24 worse than the analyst estimate of $2.96. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $2.39 billion.

“We’re bringing great entertainment to hundreds of millions of people all over the world,” said CEO Andrew Wilson. “Our amazing teams continue to deliver exceptional, high-quality experiences as more players connect with their friends and engage deeply with our games. With our expansion plans for EA SPORTS, strong catalogue of owned IP, leading live services, and ability to span every platform, we are growing to reach an even larger audience.”

“We delivered another strong quarter, driven by live services outperformance in Ultimate Team and Apex Legends,” said COO and CFO Blake Jorgensen. “We are raising our net bookings outlook for the full year on the strength we continue to see in our business. Looking further ahead, even with the upside this year, we anticipate delivering growth in fiscal 2022, driven by the next Battlefield.

GUIDANCE:

Electronic Arts sees FY2021 EPS of $2.54, versus the consensus of $5.44. Electronic Arts sees FY2021 revenue of $5.6 billion, versus the consensus of $6 billion.

For earnings history and earnings-related data on Electronic Arts (EA) click here.



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