NASDAQ$EA

Electronic Arts Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Electronic Arts reported Q1 FY22 financial results, which were above expectations. The outlook for the full year was raised.

Electronic Arts had a strong start to the fiscal year, exceeding expectations due to outperformance from recent launches and strong execution in live services. The company raised its outlook for the full year, supported by ongoing confidence in live services.

  • Net bookings for the trailing twelve months were $6.136 billion, up 3% year-over-year.
  • More than 140 million players engaged with EA SPORTS™ games over the trailing twelve months.
  • Over 31 million players joined FIFA 21 on console and PC since launch.
  • Season 9 for Apex Legends™ averaged more than 13 million weekly active players and set a new record for peak daily players across all seasons.

Headline financials

Total Revenue

$1.55B

Previous: $1.46B+6.3%
EPS (adj)

$0.79

Previous: $1.42-44.4%
Capital Expenditures

-$44M

Previous: -$38M-15.8%
Free Cash Flow

$160M

Previous: $327M-51.1%
Net Income

$204M

Previous: $365M-44.1%
Operating Income

$322M

Previous: $471M-31.6%
Gross Profit

$1.24B

Previous: $1.17B+5.6%
Cash & Equivalents

$2.84B

Previous: $4.01B-29.3%
Total Assets

$12.7B

Previous: $11.3B+12.9%
Stock-Based Comp

$125M

Previous: $102M+22.5%

Revenue & EPS history

EA · Revenue · Quarterly

$1.55B

Q1 2022+6.3%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

EA · $1.55B total across 3 segments · Q1 2022

  • Live Services & Other
    $1.23B+11.7%
  • Full Game Downloads
    $233M+4.5%
  • Packaged Goods
    $89M-34.6%

Forward guidance

For the second quarter of fiscal year 2022, ending September 30, 2021, Net revenue is expected to be approximately $1.775 billion, Net income is expected to be approximately $105 million, and Diluted earnings per share is expected to be approximately $0.36.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.1%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.8%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+18.0%

Q4 2014

Best reaction

-9.5%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-2.1%-0.7%+0.7%
Q3 2026-1.2%-0.3%-1.7%
Q2 2026-0.1%-0.2%+0.9%
Q1 2026+0.0%+3.6%+9.5%
Q4 2025+0.6%-3.4%-3.2%
Q3 2025+7.6%+8.9%+15.5%
Q2 2025+3.4%+4.9%+13.1%
Q1 2025+2.1%+0.7%+1.6%
Q4 2024-4.1%-2.6%+5.2%
Q3 2024-0.7%-1.4%+0.6%
Q2 2024+3.6%+4.4%+11.3%
Q1 2024-7.4%-10.1%-12.0%
Q4 2023-0.8%-0.2%+1.1%
Q3 2023-9.5%-11.7%-12.9%
Q2 2023+2.1%+3.0%+4.5%
Q1 2023+1.8%+1.3%-2.4%
Q4 2022+7.5%+11.5%+21.2%
Q3 2022+3.4%+3.8%-3.6%
Q2 2022+1.6%-1.4%-10.6%
Q1 2022-2.1%-2.6%+4.9%
Q4 2021-0.7%-1.4%+3.6%
Q3 2021-3.5%-3.2%-10.0%
Q2 2021-4.9%-5.1%+2.7%
Q1 2021+4.2%+7.6%+3.6%
Q4 2020-1.3%-0.2%+0.3%
Q3 2020-3.8%-4.6%-9.7%
Q2 2020+0.0%-1.5%+4.2%
Q1 2020+4.1%+4.5%+4.7%
Q4 2019+0.1%+0.1%+2.8%
Q3 2019-9.3%+10.4%+12.4%
Q2 2019-0.2%+1.4%-5.3%
Q1 2019-8.7%-12.1%-12.0%
Q4 2018+5.7%+7.2%+10.5%
Q3 2018+7.9%+5.8%+3.8%
Q2 2018-2.6%-3.7%-9.6%
Q1 2018+0.2%-0.9%-0.9%
Q4 2017+13.0%+14.0%+19.4%
Q3 2017-1.0%-3.1%+3.8%
Q2 2017+0.8%+2.2%-3.7%
Q1 2017+2.6%+4.2%+6.7%
Q4 2016+13.7%
Q3 2016-7.1%
Q2 2016-6.1%
Q1 2016-0.9%
Q4 2015+2.7%
Q3 2015+10.4%
Q2 2015+5.5%
Q1 2015-6.2%
Q4 2014+18.0%
Q3 2014+3.1%
Q2 2014+4.7%
Q1 2014+5.8%
Q4 2013+17.9%
Q3 2013+5.2%
Q2 2013+3.7%
Q1 2013+4.0%
Q4 2012+1.1%
Q3 2012-4.0%
Q2 2012-6.0%
Q1 2012+2.5%
Q4 2011+1.7%
Q3 2011+0.4%
Q2 2011+0.0%
Q1 2011-2.2%
Q4 2010-3.8%
Q1 2010-1.8%

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