NASDAQ$EA
Electronic Arts Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
EA delivered strong results in Q1 with growing player network deeply engaged in new games and live services.
Electronic Arts (EA) announced its Q1 FY23 financial results, reporting a total net revenue of $1.767 billion and net income of $311 million. The EA player network grew to nearly 600 million active accounts at quarter end. FIFA Mobile delivered the highest net bookings quarter in history, with record high DAUs, up 10% from last quarter.
- EA delivered strong results in Q1 with growing player network deeply engaged in new games and live services.
- FIFA Ultimate Team engagement during the quarter was up nearly 40% year-over-year in weekly and daily average players.
- FIFA franchise and the successful launch of F1 drove net bookings outperformance.
- EA repurchased 2.5 million shares for $320 million during the quarter.
Headline financials
Revenue & EPS history
EA · Revenue · Quarterly
$1.77B
Revenue by segment
EA · $1.77B total across 3 segments · Q1 2023
- Live Services & Other$1.43B+16.0%80.7%
- Full Game Downloads$237M+1.7%13.4%
- Packaged Goods$104M+16.9%5.9%
Forward guidance
EA provided financial guidance for the second quarter of fiscal year 2023, ending September 30, 2022.
Tailwinds
- Net revenue is expected to be approximately $1.850 to $1.900 billion.
- Change in deferred net revenue (online-enabled games) is expected to be approximately $(125) million.
- Net income is expected to be approximately $220 to $242 million.
- Diluted earnings per share is expected to be approximately $0.78 to $0.86.
- Net bookings is expected to be approximately $1.725 to $1.775 billion.
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 2023
+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
| Quarter | Report date | Reaction (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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