NASDAQ$EA

Electronic Arts Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Electronic Arts reported strong Q4 and FY22 financial results driven by live services business.

Electronic Arts announced preliminary financial results for its fourth quarter and fiscal year ended March 31, 2022. The live services business drove revenue and profit growth, representing 85% of net bookings in Q4.

  • FY22 was a record year with hundreds of millions of players engaging in EA's games.
  • Live services accounted for 85% of net bookings in Q4.
  • EA's player network grew 16% year-over-year to over 580 million unique active accounts.
  • FIFA Mobile had its biggest quarter ever, with new unique players surging nearly 80% year-over-year.

Headline financials

Total Revenue

$1.75B

Previous: $1.49B+17.5%
EPS (adj)

$1.46

Previous: $1.23+18.7%
Net Bookings

$1.75B

No prior period
Net Income

$225M

Previous: $76M+196.1%
Operating Income

$365M

Previous: $175M+108.6%
Gross Profit

$1.41B

Previous: $1.03B+36.9%
Cash & Equivalents

$2.73B

Previous: $5.26B-48.1%
Total Assets

$13.8B

Previous: $13.3B+3.9%
Stock-Based Comp

$125M

Previous: $109M+14.7%

Revenue & EPS history

EA · Revenue · Quarterly

$1.75B

Q4 2022+17.5%vs Q4 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

EA · $1.83B total across 3 segments · Q4 2022

  • Live Services & Other
    $1.39B+26.6%
  • Full Game Downloads
    $312M+68.6%
  • Packaged Goods
    $126M+93.8%

Forward guidance

Electronic Arts provided financial outlook for Q1 FY23, expecting net revenue between $1.675 to $1.725 billion and diluted earnings per share between $0.76 to $0.85.

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 Q4 2022

Historical avgQ4 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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