Heidi Ueberroth resigned as Director at ELECTRONIC ARTS INC..
“Pursuant to the Merger Agreement, at the Effective Time, the following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and from any and all committees and subcommittees of the Board on which they served: Kofi Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis Ubiñas and Heidi Ueberroth.”
Luis Ubiñas resigned as Director at ELECTRONIC ARTS INC..
“Pursuant to the Merger Agreement, at the Effective Time, the following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and from any and all committees and subcommittees of the Board on which they served: Kofi Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis Ubiñas and Heidi Ueberroth.”
Richard A. Simonson resigned as Director at ELECTRONIC ARTS INC..
“Pursuant to the Merger Agreement, at the Effective Time, the following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and from any and all committees and subcommittees of the Board on which they served: Kofi Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis Ubiñas and Heidi Ueberroth.”
Talbott Roche resigned as Director at ELECTRONIC ARTS INC..
“Pursuant to the Merger Agreement, at the Effective Time, the following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and from any and all committees and subcommittees of the Board on which they served: Kofi Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis Ubiñas and Heidi Ueberroth.”
Jeffrey T. Huber resigned as Director at ELECTRONIC ARTS INC..
“Pursuant to the Merger Agreement, at the Effective Time, the following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and from any and all committees and subcommittees of the Board on which they served: Kofi Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis Ubiñas and Heidi Ueberroth.”
Rachel A. Gonzalez resigned as Director at ELECTRONIC ARTS INC..
“Pursuant to the Merger Agreement, at the Effective Time, the following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and from any and all committees and subcommittees of the Board on which they served: Kofi Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis Ubiñas and Heidi Ueberroth.”
Kofi Bruce resigned as Director at ELECTRONIC ARTS INC..
“Pursuant to the Merger Agreement, at the Effective Time, the following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and from any and all committees and subcommittees of the Board on which they served: Kofi Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis Ubiñas and Heidi Ueberroth.”
Earnings Releases
ELECTRONIC ARTS INC. reported the fourth quarter and fiscal year ended March 31, 2026 results: revenue $7.531 billion, net income $887 million, EPS $3.51.
“continue to improve. For FY26, Apex Legends net bookings finished up double digits year-over-year. Selected Financial Highlights and Metrics • Net revenue for FY26 was $7.531 billion, up 1% year over year. • Net cash provided by operating activities was $580 million for the quarter and $2.553 billion for the fiscal year, up 6% and 23% year over year,”
Earnings Releases
ELECTRONIC ARTS INC. reported preliminary financial results for fourth fiscal quarter and fiscal year ended March 31, 2024.
“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.”
Restructurings & Charges
ELECTRONIC ARTS INC. announced a restructuring with charges of $125 million to $165 million (approximately 5% of the Company's workforce).
“On February 27, 2024, the Board of Directors of Electronic Arts Inc. (the "Company") approved a restructuring plan (the "Plan") focused on aligning its portfolio, investments, and resources in support of its strategic priorities and growth initiatives. These actions are consistent with the Company’s ongoing focus to deliver against its long-term strategy to drive durable growth, strong cash-flow, and stockholder returns. The Plan reflects actions driven by portfolio rationalization, including costs associated with licensor commitments, as well as reductions in real estate and headcount, impacting approximately 5% of the Company's workforce. The Company estimates that it will incur approximately $125 million to $165 million in total charges in connection with the Plan. These charges consist of approximately $50 million to $65 million associated with office space reductions, approximately $40 million to $55 million related to employee severance and employee-related costs, and $35 million”
Earnings Releases
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.
“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”
Earnings Releases
ELECTRONIC ARTS INC. reported preliminary financial results for second fiscal quarter ended September 30, 2023.
“On November 1, 2023, Electronic Arts Inc. ("Electronic Arts" or “EA”) issued a press release announcing its financial results for the second fiscal quarter ended September 30, 2023.”
Shareholder Votes
ELECTRONIC ARTS INC. shareholders rejected Consider and vote upon a stockholder proposal on termination pay at the 2023-08-10 meeting.
“Consider and vote upon a stockholder proposal on termination pay.”
Shareholder Votes
ELECTRONIC ARTS INC. shareholders approved Advisory vote regarding the frequency of holding future advisory votes on the compensation of named executive officers at the 2023-08-10 meeting.
“Advisory vote regarding the frequency of holding future advisory votes on the compensation of named executive officers.”
Shareholder Votes
ELECTRONIC ARTS INC. shareholders approved Ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2024 at the 2023-08-10 meeting.
“Ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2024.”
Shareholder Votes
ELECTRONIC ARTS INC. shareholders approved Advisory vote to approve named executive officer compensation at the 2023-08-10 meeting.
“Advisory vote to approve named executive officer compensation.”
Shareholder Votes
ELECTRONIC ARTS INC. shareholders approved Election of Directors at the 2023-08-10 meeting.
“The individuals listed below were elected to serve on the Board until the next annual meeting of stockholders or until his or her successor is elected and qualified.”
Earnings Releases
ELECTRONIC ARTS INC. reported first quarter ended June 30, 2023 results: revenue $1.924 billion, net income $402 million, EPS $1.47.
“of 2023” list accolades, and a blockbuster story, we’re seeing players spend more time in-game than its predecessor. Selected Financial Highlights and Metrics • Net revenue was $1.924 billion for the quarter. • Net cash provided by operating activities was $359 million for the quarter and $1.987 billion for the trailing twelve months. • EA repurchased 2.6 million”
Chris Bruzzo departed as Chief Experience Officer at ELECTRONIC ARTS INC..
“Chris Bruzzo, EA’s Chief Experience Officer informed the Company of his decision to retire with an effective date of June 30, 2023”
Laura Miele was appointed as President of EA Entertainment, Technology and Central Development at ELECTRONIC ARTS INC..
“Laura Miele has been appointed President of EA Entertainment, Technology and Central Development, effective June 20, 2023”
Chris Suh departed as Chief Financial Officer at ELECTRONIC ARTS INC..
“Chris Suh to step down as Chief Financial Officer with a departure date of June 30, 2023”
Stuart Canfield was appointed as Executive Vice President, Chief Financial Officer at ELECTRONIC ARTS INC..
“Stuart Canfield was appointed Executive Vice President, Chief Financial Officer, effective June 20, 2023”
Earnings Releases
ELECTRONIC ARTS INC. reported fiscal year 2024 ending March 31, 2024 results: revenue approximately $7.300 billion to $7.700 billion, net income approximately $915 million to $1.055 billion, EPS approximately $3.30 to $3.81. Guidance initiated.
“Net revenue is expected to be approximately $7.300 billion to $7.700 billion. ◦ No change in deferred net revenue (online-enabled games) is expected. • Net income is expected to be approximately $915 million to $1.055 billion. • Diluted earnings per share is expected to be approximately $3.30 to $3.81.”
Earnings Releases
ELECTRONIC ARTS INC. reported the fiscal year ended March 31, 2023 results: revenue 7,426, net income 802, EPS 2.88. Guidance initiated.
“Twelve Months Ended March 31, 2023 2022 (in $ millions) Full game 1,937 1,993 Live services and other 5,489 4,998 Total net revenue 7,426 6,991 Net income 802 789 Diluted earnings per share 2.88 2.76”
Earnings Releases
ELECTRONIC ARTS INC. reported the fourth fiscal quarter ended March 31, 2023 results: revenue 1,874, net income (12), EPS (0.04). Guidance initiated.
“Three Months Ended March 31, 2023 2022 (in $ millions, except per share amounts) Full game 372 438 Live services and other 1,502 1,387 Total net revenue 1,874 1,825 Net income (loss) (12) 225 Diluted earnings (loss) per share (0.04) 0.80”
Restructurings & Charges
ELECTRONIC ARTS INC. announced a restructuring with charges of approximately $170 million to $200 million (approximately 6% of the Company's workforce).
“and headcount reductions impacting approximately 6% of the Company's workforce, in addition to office space reductions. The Company estimates that it will incur approximately $170 million to $200 million in charges in connection with the Plan. These charges consist primarily of approximately $65 million to $70 million in charges related to intellectual property”
Earnings Releases
ELECTRONIC ARTS INC. reported third fiscal quarter ended December 31, 2022 results: revenue 1,881, net income 204, EPS 0.73.
“Quarterly Financial Highlights Three Months Ended December 31, 2022 2021 (in $ millions, except per share amounts) Full game 622 616 Live services and other 1,259 1,173 Total net revenue 1,881 1,789 Net income 204 66 Diluted earnings per share 0.73 0.23 Operating cash flow 1,123 1,534 Value of shares repurchased 325 325 Number of shares repurchased 2.6 2.4”
Kenneth Moss departed as Chief Technology Officer at ELECTRONIC ARTS INC..
“On July 19, 2022, Electronic Arts Inc. (“EA” or the “Company”) announced that Kenneth Moss, EA’s Chief Technology Officer, will depart from EA.”
Chris Suh was appointed as Executive Vice President, Chief Financial Officer at ELECTRONIC ARTS INC..
“Chris Suh has been appointed Executive Vice President, Chief Financial Officer of EA, effective March 1, 2022”
Rachel A. Gonzalez was appointed as Director at ELECTRONIC ARTS INC..
“On November 18, 2021, the Board of Directors (the “Board”) of Electronic Arts Inc. (“EA” or the “Company”) increased the number of authorized directors of EA to nine from eight and appointed Ms. Rachel A. Gonzalez to the Board.”
Laura Miele was appointed as Chief Operating Officer at ELECTRONIC ARTS INC..
“EA also announced that Laura Miele, EA’s Chief Studios Officer, will assume the role of Chief Operating Officer and will transition into the role progressively over the next few months.”
Blake Jorgensen changed role as Chief Financial and Operating Officer at ELECTRONIC ARTS INC..
“Blake Jorgensen, EA’s Chief Financial and Operating Officer, has decided to begin a process to transition from EA with an expected departure in the summer of 2022.”
Eric Kelly was appointed as Chief Accounting Officer at ELECTRONIC ARTS INC..
“On August 4, 2021, EA appointed Eric Kelly, 49, to the position of Chief Accounting Officer, effective as of August 13, 2021.”
Kenneth A. Barker retired as Chief Accounting Officer at ELECTRONIC ARTS INC..
“On August 4, 2021, Kenneth A. Barker, EA’s Senior Vice President and Chief Accounting Officer announced his intention to retire.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.