secwatch.observer — SEC 8-K summary
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Issuer:     ELECTRONIC ARTS INC. (EA)
CIK:        0000712515
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000712515-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EA beats Q1 net bookings guidance; College Football 25 sets record launch
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- Net bookings of $1.262B exceeded high end of $1.250B guidance, driven by Madden NFL 24, FC Online and FC Mobile.
- EA SPORTS College Football 25 drew 5 million unique players in first week post-Q1, with 500K+ via EA Play trial.
- Q1 net revenue $1.660B (down from $1.924B YoY); net income $280M ($1.04 diluted EPS) vs $402M ($1.47) YoY.
- Q2 FY25 net bookings guidance $1.95-2.05B; FY25 net bookings guidance $7.3-7.7B.
- Quarterly dividend of $0.19 per share declared, payable Sept 18, 2024; $375M in share repurchases during Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712515/000071251524000027/0000712515-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712515/000071251524000027/ea-20240729.htm
  HTML page:      https://secwatch.observer/filing/0000712515-24-000027

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