EA posts record FY24 cash flow $2.315B, net income up 59%; unveils $5B buyback

ELECTRONIC ARTS INC.

2024-FY EPS reported $4.68 revenue$7,562,000,000

FY24 net revenue $7.562B (+2% YoY); diluted EPS $4.68 vs $2.88; net income $1.273B.
Record operating cash flow $2.315B (+49% YoY); EA SPORTS FC net bookings up high-teens; Madden NFL record net bookings up 6%.
Q4 net revenue $1.779B (-5% YoY) but net income $182M vs $12M loss prior year.
Board authorizes new $5B stock repurchase program over three years; quarterly dividend $0.19/share payable June 19.
FY25 guidance: net revenue $7.1-$7.5B, net bookings $7.3-$7.7B, diluted EPS $3.34-$4.00.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ELECTRONIC ARTS INC. reported preliminary financial results for fourth fiscal quarter and fiscal year ended March 31, 2024.

Period: fourth fiscal quarter and fiscal year ended March 31, 2024
Result: preliminary results

Exact text from the filing

On May 7, 2024, Electronic Arts Inc. ("Electronic Arts" or “EA”) issued a press release announcing its financial results for the fourth fiscal quarter and fiscal year ended March 31, 2024.

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Source: SEC EDGAR

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