Revenues from packaged goods rose 17% year over year to $104 million. Full-game download revenues increased 2% year over year to $237 million. Quarter DetailsĮA’s full-game revenues (19.3% of total revenues) increased 5.9% year over year to $341 million. Net bookings exceeded the expected range of $1.20 to $1.25 billion but decreased 2.8% year over year to $1.29 billion. The Zacks Consensus Estimate for loss and revenues was pegged at 6 cents per share and $1.25 billion, respectively. FIFA Online 4 hit a new high in engagement and FIFA Mobile delivered its biggest net bookings quarter ever. Revenues exceeded the guidance of $1.675 billion to $1.725 billion and increased 13.9% year over year to $1.76 billion, driven by strength in the FIFA franchise and the F1 22 launch. Electronic Arts’ Q1 Earnings and Revenues Increase Y/YĮlectronic Arts reported first-quarter fiscal 2023 earnings of $1.11 per share, which surged 53.6% year over year. Will the recent negative trend continue leading up to its next earnings release, or is Electronic Arts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Shares have lost about 4.8% in that time frame, outperforming the S&P 500. It has been about a month since the last earnings report for Electronic Arts (EA).
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