EA Q3 net income triples to $204M; net bookings $2.34B (-9% YoY); Star Wars Jedi delayed

ELECTRONIC ARTS INC.

2023-Q3 EPS reported $2.92 revenue$5,552,000,000

Q3 GAAP net revenue $1.881B (+5% YoY); net income $204M ($0.73 EPS) vs $66M ($0.23) YoY.
Net bookings $2.342B, down 9% YoY; management cites macro headwinds impacting results.
Full-year FY23 guidance: net revenue $7.252–7.352B, diluted EPS $2.97–3.11, operating cash flow $1.4–1.45B.
Star Wars Jedi: Survivor delayed to April 28, shifting revenue out of Q4 FY23 into Q1 FY24.
Quarterly dividend maintained at $0.19/share, payable March 22 to holders of record March 1.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ELECTRONIC ARTS INC. reported third fiscal quarter ended December 31, 2022 results: revenue 1,881, net income 204, EPS 0.73.

Period: third fiscal quarter ended December 31, 2022
Revenue: 1,881
Net income: 204
EPS: 0.73
Result: preliminary results

Exact text from the filing

Quarterly Financial Highlights Three Months Ended December 31, 2022 2021 (in $ millions, except per share amounts) Full game 622 616 Live services and other 1,259 1,173 Total net revenue 1,881 1,789 Net income 204 66 Diluted earnings per share 0.73 0.23 Operating cash flow 1,123 1,534 Value of shares repurchased 325 325 Number of shares repurchased 2.6 2.4

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Source: SEC EDGAR

accession 0000712515-23-000004

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