EA reports record Q1 net bookings of $1.578B, up 21% YoY; net income $402M

ELECTRONIC ARTS INC.

2023-Q1 EPS reported $1.47 revenue$1,924,000,000

Net revenue $1.924B; net income $402M; diluted EPS $1.47.
Net bookings $1.578B (+21% YoY); live services 75% of total ($1.177B, +4% YoY).
EA SPORTS FIFA had a record Q1; Star Wars Jedi: Survivor launched to critical and commercial success.
FY2024 net bookings guidance $7.3B-$7.7B; Q2 net bookings guidance $1.7B-$1.8B.
Declared $0.19 quarterly dividend payable Sept 20 to holders of record Aug 30.

item 2.02 item 8.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ELECTRONIC ARTS INC. reported first quarter ended June 30, 2023 results: revenue $1.924 billion, net income $402 million, EPS $1.47.

Period: first quarter ended June 30, 2023
Revenue: $1.924 billion
Net income: $402 million
EPS: $1.47
Result: preliminary results

Exact text from the filing

of 2023” list accolades, and a blockbuster story, we’re seeing players spend more time in-game than its predecessor. Selected Financial Highlights and Metrics • Net revenue was $1.924 billion for the quarter. • Net cash provided by operating activities was $359 million for the quarter and $1.987 billion for the trailing twelve months. • EA repurchased 2.6 million

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Source: SEC EDGAR

accession 0000712515-23-000034

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