Electronic Arts Q2 FY24 net revenue $1.914B, net income $399M, EPS $1.47; beats expectations

ELECTRONIC ARTS INC.

2024-Q2 EPS reported $2.93 revenue$3,838,000,000

Q2 net revenue $1.914B (slight YoY increase), net income $399M (up 33% YoY), diluted EPS $1.47 (includes $0.34 one-time tax benefit).
Net bookings $1.820B, up 4% YoY (5% constant currency); live services net bookings $1.129B (up 1%).
EA SPORTS FC 24 launched with 14.5M active accounts in first 4 weeks; Madden NFL net bookings up 6% YoY.
Declared quarterly cash dividend of $0.19 per share, payable Dec 20, 2023 to record Nov 29, 2023.
FY24 guidance: net revenue $7.3-7.7B, net bookings $7.3-7.7B, diluted EPS $4.10-4.66, operating cash flow $1.95-2.1B.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ELECTRONIC ARTS INC. reported preliminary financial results for second fiscal quarter ended September 30, 2023.

Period: second fiscal quarter ended September 30, 2023
Result: preliminary results

Exact text from the filing

On November 1, 2023, Electronic Arts Inc. ("Electronic Arts" or “EA”) issued a press release announcing its financial results for the second fiscal quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0000712515-23-000045

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