NASDAQ$EA

Electronic Arts Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

EA reported strong Q2 FY25 results with record net bookings and exceeded guidance, leading to a raised full-year outlook.

Electronic Arts (EA) announced strong preliminary financial results for Q2 FY25, ended September 30, 2024. The company reported record Q2 net bookings driven by the EA SPORTS portfolio and raised its full-year outlook. Net revenue was $2.025 billion and net income was $294 million.

  • Net bookings for the quarter totaled $2.079 billion, setting a Q2 record.
  • American Football is on track to exceed $1 billion in net bookings for FY25.
  • Global Football saw live service growth across all platforms in Q2.
  • The Sims 4 continues to expand, with more than 15 million players joining the game over the past year.

Headline financials

Total Revenue

$2.03B

Previous: $1.91B+5.8%
EPS

$1.11

Previous: $1.46-24.0%
Net Bookings

$2.08B

Previous: $1.82B+14.2%
Capital Expenditures

-$117M

Previous: -$96M-21.9%
Free Cash Flow

$177M

Previous: $303M-41.6%
Net Income

$294M

Previous: $399M-26.3%
Operating Income

$384M

Previous: $377M+1.9%
Gross Profit

$1.57B

Previous: $1.46B+7.6%
Cash & Equivalents

$2.2B

Previous: $1.95B+12.9%
Total Assets

$13.1B

Previous: $13.1B-0.0%
R&D Expense

$648M

No prior period
Stock-Based Comp

$174M

Previous: $155M+12.3%

Revenue & EPS history

EA · Revenue · Quarterly

$2.03B

Q2 2025+5.8%vs Q2 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 anticipates net revenue between $1.875 billion and $2.025 billion and net bookings between $2.400 billion and $2.550 billion for Q3 FY25.

Tailwinds

  • Net revenue is expected to be approximately $1.875 billion to $2.025 billion.
  • Net income is expected to be approximately $226 million to $270 million.
  • Diluted earnings per share is expected to be approximately $0.85 to $1.02.
  • The Company estimates a share count of 266 million for purposes of calculating diluted earnings per share.
  • Net bookings is expected to be approximately $2.400 billion to $2.550 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 Q2 2025

Historical avgQ2 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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