NASDAQ$EA

Electronic Arts Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

EA reported a strong start to FY25, exceeding net bookings guidance driven by live services and player engagement.

Electronic Arts (EA) reported strong Q1 FY25 results, exceeding net bookings guidance. The company's performance was driven by live services and continued player engagement across its experiences. EA is building momentum for FY25 with the successful launch of College Football 25 and upcoming launches for Madden NFL, EA SPORTS FC, and Dragon Age: The Veilguard.

  • Net bookings for the quarter totaled $1.262 billion, exceeding guidance due to strong performance across Madden NFL 24, FC Online and FC Mobile.
  • EA SPORTS FC celebrated real-world tournaments and events, attracting millions of new fans.
  • EA SPORTS Madden NFL delivered sustained momentum, with double-digit growth in weekly average users in Ultimate Team and total net bookings year-over-year.
  • EA SPORTS College Football 25 welcomed 5 million unique players in its first week.

Headline financials

Total Revenue

$1.66B

Previous: $1.92B-13.7%
EPS

$1.04

Previous: $1.14-8.8%
Net Bookings

$1.26B

Previous: $1.58B-20.0%
Capital Expenditures

-$67M

Previous: -$45M-48.9%
Free Cash Flow

$213M

Previous: $357M-40.3%
Net Income

$280M

Previous: $402M-30.3%
Operating Income

$364M

Previous: $542M-32.8%
Gross Profit

$1.4B

Previous: $1.56B-10.2%
Cash & Equivalents

$2.4B

Previous: $2.26B+6.2%
Total Assets

$12.7B

Previous: $13.1B-2.9%
R&D Expense

$629M

No prior period
Stock-Based Comp

$143M

Previous: $130M+10.0%

Revenue & EPS history

EA · Revenue · Quarterly

$1.66B

Q1 2025-13.7%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

EA · $1.91B total across 3 segments · Q2 2024

  • Live Services & Other
    $1.29B-0.7%
  • Full Game Downloads
    $346M+5.5%
  • Packaged Goods
    $275M+0.4%

Forward guidance

EA provided financial outlook for Fiscal Year 2025 and Second Quarter Fiscal Year 2025.

Tailwinds

  • Net revenue is expected to be approximately $7.100 billion to $7.500 billion for FY25.
  • Net income is expected to be approximately $904 million to $1.085 billion for FY25.
  • Operating cash flow is expected to be approximately $2.050 billion to $2.250 billion for FY25.
  • Net revenue is expected to be approximately $1.900 billion to $2.000 billion for Q2 FY25.
  • Net income is expected to be approximately $204 million to $248 million for Q2 FY25.

Headwinds

  • Net bookings is expected to be approximately $7.300 billion to $7.700 billion for FY25.
  • Change in deferred net revenue (online-enabled games) is expected to be approximately $200 million for FY25.
  • Diluted earnings per share is expected to be approximately $3.34 to $4.00 for FY25.
  • Net bookings is expected to be approximately $1.950 billion to $2.050 billion for Q2 FY25.
  • Diluted earnings per share is expected to be approximately $0.76 to $0.93 for Q2 FY25.

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 2025

Historical avgQ1 2025

+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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