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17h ago

Electronic Arts Beats Fiscal Q1 Forecasts, Guides Lower Q2 Bookings

Consumer spending concerns prompted a cautious bookings outlook for the next quarter despite robust growth in EA Sports franchises and live services.

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A smartphone with the Electronic Arts logo is seen in front of a displayed stock graph in this illustration taken September 16, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • Electronic Arts posted net bookings of $1.30 billion in Q1, outpacing the $1.29 billion consensus as revenue reached $1.671 billion and EPS hit $0.79.
  • Record performance in EA Sports FC Mobile, strong growth in EA Sports F1 25, and continued momentum from Apex Legends and catalog titles drove the quarter’s results.
  • The company is forecasting second-quarter net bookings of $1.80 billion to $1.90 billion, below the $2.01 billion analysts expected due to cautious consumer spending.
  • EA affirmed its full-year FY26 guidance with net bookings targeted at $7.60 billion to $8.00 billion and net revenue at $7.10 billion to $7.50 billion.
  • CEO Andrew Wilson highlighted the resilience of EA’s live-service model and an upcoming launch slate, while CFO Stuart Canfield cited macroeconomic headwinds as the primary driver of the tempered near-term outlook.