secwatch.observer — SEC 8-K summary
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Issuer:     ELECTRONIC ARTS INC. (EA)
CIK:        0000712515
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000712515-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712515/000071251523000045/0000712515-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712515/000071251523000045/ea-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000712515-23-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer