Electronic Arts (EA) Tops Q4 EPS, Revs
Electronic Arts (NASDAQ: EA) reported Q4 EPS of $1.43, $0.45 better than the analyst estimate of $0.98. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.19 billion.
- Digital net bookings* for the fiscal year was $4.052 billion, up 9% year-over-year and now represents 78% of total net bookings.
- FIFA 20 has more than 25 million unique players to date.
- Madden NFL 20 reached the highest engagement levels in franchise history.
- Apex LegendsTM was the most downloaded free-to-play game on PS4 in calendar 2019.
- Star Wars Jedi: Fallen OrderTM has more than 10 million unique players to date.
- In every quarter of fiscal 2020, monthly average players in The Sims 4TM were higher than the comparable period in the prior year.
“We’re humbled to see people around the world connecting through our games during this unprecedented period,” said CEO Andrew Wilson. “Our focus continues to be on everything we can do for our people, our players, and our communities. Thanks to the amazing dedication and determination of our teams at Electronic Arts, we’re able to deliver the games, experiences and content choices that our players are looking for during this challenging time.”
“We’ve had a strong year. Our results this quarter prove the value of the live services path we’ve been on now for a decade. The breadth and depth of our live services give the flexibility we need at times like this to meet player needs,” said COO and CFO Blake Jorgensen. “I want to thank everyone at EA for rising to the challenge. People across the company have shown extraordinary innovation, energy and ingenuity. Learnings from this period will forever change the way we work at EA.”
GUIDANCE:
Electronic Arts sees FY2021 EPS of $3.35, versus the consensus of $4.96. Electronic Arts sees FY2021 revenue of $5.525 billion, versus the consensus of $5.37 billion.
For earnings history and earnings-related data on Electronic Arts (EA) click here.
