Electronic Arts (NASDAQ: EA) reported Q1 EPS of $2.06, $1.79 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $768.47 million.

“Q1 was an outstanding quarter, with thriving player communities in our top franchises like Battlefield, our EA SPORTS portfolio, Star Wars, and The Sims continuing to grow our network and drive our digital business,” said Chief Executive Officer Andrew Wilson. “We have built strong momentum, and now we are accelerating into a year of tremendous innovation, where extraordinary new games, content-rich live services, and expanding global competitions will deliver more fun for our players and fuel growth for Electronic Arts.”

“We had a great start to the fiscal year, primarily due to our event-driven live services,” said Chief Financial Officer Blake Jorgensen. “Our operating cash flow was the highest ever for a first quarter, and underlines how live services have fundamentally transformed our business model. Driven by innovation and live services, we expect to continue to grow our profitability and cash generation.”

GUIDANCE:

Electronic Arts sees FY2018 revenue of $5.07 versus the consensus of 5.19 billion.

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