NASDAQ$EA
Electronic Arts Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
EA reported strong Q3 FY24 results, driven by EA SPORTS FCTM momentum and record live services net bookings.
Electronic Arts announced strong Q3 FY24 results, with EA SPORTS FC outperforming expectations and driving record live services net bookings. Net revenue was $1.945 billion, and net bookings reached $2.366 billion, up 1% year-over-year.
- Net bookings for Q3 was $2.366 billion, up 1% year-over-year (up 2% in constant currency).
- Live services and other net bookings for Q3 achieved a record $1.712 billion, up 3% year-over-year (up 5% in constant currency).
- The EA SPORTS FCTM franchise outperformed Q3 expectations, delivering 7% net bookings growth against a prior year that included the World Cup.
- EA SPORTSTM Madden NFL delivered net bookings growth of 5% year-over-year.
Headline financials
Revenue & EPS history
EA · Revenue · Quarterly
$1.95B
Revenue by segment
EA · $1.91B total across 3 segments · Q2 2024
- Live Services & Other$1.29B-0.7%67.6%
- Full Game Downloads$346M+5.5%18.1%
- Packaged Goods$275M+0.4%14.4%
Forward guidance
EA anticipates net revenue between $1.625 billion and $1.925 billion for Q4 FY24.
Tailwinds
- Net revenue is expected to be approximately $1.625 billion to $1.925 billion.
- No change in deferred net revenue (online-enabled games) is expected.
- Net income is expected to be approximately $54 million to $183 million.
- Diluted earnings per share is expected to be approximately $0.20 to $0.68.
- Net bookings is expected to be approximately $1.625 billion to $1.925 billion.
Headwinds
- Cost of revenue between $360 million and $410 million
- Operating expense between $1.125 billion and $1.205 billion
- Q4 impairment of acquisition-related intangible assets totaling approximately $70 million
- Net income is expected to be approximately $54 million to $183 million.
- Diluted earnings per share is expected to be approximately $0.20 to $0.68.
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 Q3 2024
+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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