EA Q1 FY23 net revenue $1.767B, EPS $1.11; FIFA Ultimate Team engagement up 40% YoY

ELECTRONIC ARTS INC.

2023-Q1 EPS reported $1.11 revenue$1,767,000,000

Q1 GAAP net revenue $1.767B (+14% YoY); GAAP diluted EPS $1.11 (+56% YoY); net income $311M.
Net bookings Q1 $1.299B (down slightly YoY); TTM net bookings $7.478B (+22% YoY).
FIFA Ultimate Team weekly and daily average players up ~40% YoY; FIFA Mobile record net bookings quarter.
FY23 guidance: net revenue $7.6-7.8B, net bookings $7.9-8.1B, diluted EPS $2.79-2.87.
Declared $0.19/share cash dividend, payable Sept 21, 2022 to record holders Aug 31, 2022.

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