Overview
- EA reported non-GAAP diluted EPS of $0.79 and net bookings of $1.3 billion for Q1, exceeding analyst expectations.
- Better-than-expected contributions from EA Sports franchises, Apex Legends and back catalog titles powered the quarter, highlighted by a record performance for FC Mobile.
- The publisher forecast Q2 net bookings of $1.80 billion to $1.90 billion, missing the $2.01 billion consensus estimate compiled by LSEG.
- Electronic Arts reaffirmed its full-year net bookings and revenue targets, underscoring confidence in its live-service strategy and content pipeline.
- EA confirmed it will not raise game prices to $80 and pointed to an upcoming slate of releases including Battlefield 6 and Skate.