EA Q3 FY24 net income $290M ($1.07 EPS); record live services net bookings $1.712B

ELECTRONIC ARTS INC.

2024-Q3 EPS reported $4.01 revenue$5,783,000,000

Net revenue $1.945B; net bookings $2.366B, up 1% YoY (up 2% CC).
Live services net bookings record $1.712B, up 3% YoY; trailing 12-month live services 73% of business.
EA SPORTS FC net bookings up 7% YoY; Madden NFL up 5% YoY.
Operating cash flow $1.264B (+13% YoY); repurchased 2.5M shares for $325M in Q3.
Declared $0.19 quarterly dividend payable March 20; FY24 revenue guidance $7.408B-$7.708B.

item 2.02 item 8.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ELECTRONIC ARTS INC. reported the third fiscal quarter ended December 31, 2023 results: revenue $1.945 billion, net income $290 million, EPS $1.07 per diluted share. Guidance initiated.

Period: the third fiscal quarter ended December 31, 2023
Revenue: $1.945 billion
Net income: $290 million
EPS: $1.07 per diluted share
Guidance: initiated
Result: preliminary results

Exact text from the filing

prior year that included the World Cup. • EA SPORTS TM Madden NFL delivered net bookings growth of 5% year-over-year. Selected Financial Highlights and Metrics • Net revenue was $1.945 billion for the quarter. • Net cash provided by operating activities for the quarter was $1.264 billion, up 13% year-over-year. For the trailing twelve months, net cash provided by

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