2023-05-09 16:15:23 ET
- Electronic Arts press release ( NASDAQ: EA ): Q4 EPS of -$0.04 may not be comparable to consensus of $1.31.
- Bookings of $1.95B (+11.4% Y/Y) beats by $220M .
- Shares +3% .
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Record Q4 net bookings driven by all-time high EA SPORTS FIFA franchise performance;
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- Live services and other net bookings for Q4 was $1.622 billion, a record for the quarter, up 9% year-over-year (up 13% in constant currency) and represented 83% of total net bookings
First Quarter Fiscal Year 2024 Expectations – Ending June 30, 2023
Financial metrics:
- Net revenue is expected to be approximately $1.825 billion to $1.925 billion.
- Change in deferred net revenue (online-enabled games) is expected to be approximately ($325) million.
- Net income is expected to be approximately $271 million to $316 million.
- Diluted earnings per share is expected to be approximately $0.98 to $1.14 vs $0.86 consensus
- The Company estimates a share count of 277 million for purposes of calculating first quarter fiscal 2024 diluted earnings per share.
Operational metric:
- Net bookings is expected to be approximately $1.500 billion to $1.600 billion.
For further details see:
Electronic ArtsEPS of -$0.04, bookings of $1.95B beats by $220M