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Electronic Arts (EA) Revenues Miss Slightly, Guides FY22 Revs Above Views

May 11, 2021 4:04 PM

Electronic Arts (NASDAQ: EA) reported Q4 EPS of $0.26, which does not compare to the analyst estimate of $1.05. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.39 billion.

“Our teams have done incredible work over the last year to deliver amazing experiences during a very challenging time for everyone around the world,” said Andrew Wilson, CEO of Electronic Arts. “With tremendous engagement across our portfolio, we delivered a record year for Electronic Arts. We’re now accelerating in FY22, powered by expansion of our blockbuster franchises to more platforms and geographies, a deep pipeline of new content, and recent acquisitions that will be catalysts for further growth.”

“EA delivered a strong quarter, driven by live services and Apex Legends’ extraordinary performance. Apex steadily grew through the last year, driven by the games team and the content they are delivering,” said COO and CFO Blake Jorgensen. “Looking forward, the momentum in our existing live services provides a solid foundation for FY22. Combined with a new Battlefield and our recent acquisitions, we expect net bookings growth in the high teens.”

GUIDANCE:

Electronic Arts sees FY2022 revenue of ~$6.8 billion, versus the consensus of $6.16 billion. Diluted earnings per share is expected to be approximately $1.34.

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

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