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Electronic Arts Reports Record Revenue
For its fiscal year ending 3/31/23, Electronic Arts (NASDAQ: EA) reported record revenue of $7.4 billion, up 6% from fiscal 2022. For the fourth quarter FY 23 revenue was up 3% to $1.87 billion. The biggest growth area for EA has been live services which was up 10% YOY in fiscal 2023 and 8% in Q4. Analysis At $1.87 billion, EA’s Q4 revenue beat its estimate of between $1.7 to $1.8 billion. However, this was after EA had …..
Electronic Arts Lowers Revenue Forecast
For the third quarter ending 12/31/22, Electronic Arts (NASDAQ: EA) reported net revenue increased 5% over the previous year’s quarter to $1.88 billion. Net income for the quarter was $204 million, up from $66 million for the previous year’s quarter. However net bookings for Q3 FY 23 were down 9% from $2.58 billion the previous year to $2.34 billion for the quarter ending 12/31/22. For the trailing twelve months bookings were down 1% to $7.15 billion Electronic A…..
Electronic Arts Had Strong 2022
For 2022, Electronic Arts (NASDAQ: EA) was one of the strongest performers in the DFC Intelligence Interactive Entertainment Stock Index. Of course, 2022 was a down year for most stocks and EA was no exception. However, the decline in EA’s stock price in 2022 was only 8% versus an average 30% for the index. As DFC reported, Electronic Arts was able to maintain revenue even in the absence of new products rele…..
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