secwatch.observer — SEC 8-K summary
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Issuer:     ELECTRONIC ARTS INC. (EA)
CIK:        0000712515
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000712515-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712515/000071251524000013/0000712515-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712515/000071251524000013/ea-20240503.htm
  HTML page:      https://secwatch.observer/filing/0000712515-24-000013

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