Electronic Arts (EA) Q3 Misses
Electronic Arts (NASDAQ: EA) reported Q3 EPS of $0.23, which may not compare to the analyst estimate of $3.23. Net bookings for the quarter came in at $2.58 billion versus the consensus estimate of $2.68 billion.
“FY22 has been a year of outstanding growth for Electronic Arts, and we’re proud that our franchises were among the most-downloaded, most-played, and most popular titles over the last year and the holiday quarter,” said Andrew Wilson, CEO of Electronic Arts. “Our network of more than 540 million unique active accounts continues to expand, players are spending more time in our games, and with our amazing IP we are well-positioned for continued growth.”
“Q3 was the largest quarter in the company’s history for net bookings, underlying profitability and cash generation,” said CFO Blake Jorgensen. “Our portfolio approach will enable us to deliver organic growth in the double digits this year, continue to deliver strong cash flow, and provides a strong foundation for growth as we look to the future.”
GUIDANCE:
Q1 net bookings are expected to be $1.761 billion, versus the consensus of $1.81 billion.
FY Net bookings1 is expected to be approximately $7.525 billion, versus the consensus of $7.62 billion.
For earnings history and earnings-related data on Electronic Arts (EA) click here.
