Electronic Arts (NASDAQ: EA) Quarterly Results for Q1 Fiscal Year 2022 - Beats Expectations And Posts Net Earnings of 2 Cents Per Share

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EA (NASDAQ:EA) has managed to crush analysts expectations for the 13th straight quarter. Electronic Arts reported (non-GAAP) EPS of $0.07 and revenues of $682 million. Analyst consensus had an EPS estimate of $(0.02) and revenues of $651.29 1000000. On the GAAP side, the company has posted an EPS of $ane.iv on revenue of $440 Million.

Electronic Arts (NASDAQ:EA) beats expectation for the 13th consecutive quarter - Battleground and Star Wars remain EA's most successful titles

"Q1 was a slap-up quarter for Electronic Arts with amazing appointment in our global communities," said Chief Executive Officer Andrew Wilson. "EA is leading our industry through innovation, with more of our biggest games powered by Frostbite, breakthrough EA SPORTS titles on console and mobile, and the unstoppable combination of Battleground i and Titanfall ii coming this holiday. We're looking forward to connecting more players effectually the earth to each other through the games they love to play."

The company has stated that it expects to sell xv Million copies of the upcoming Battlefield one in the first yr whereas it expects Titanfall 2 to sell ten million copies. Its worth noting that interest for the original Titanfall has nearly died downward due to the fact that the original lacked whatever single player campaign likewise as game breaking bugs in the multiplayer. EA has allegedly fixed these problems with Titanfall ii but the PR problem might testify to exist a difficult i to overcome.

That said, the company's EA (NASDAQ:EA) Admission subscription based service has seen very stiff growth yr over year and has more than doubled in number compared to concluding twelvemonth. The upcoming panel refresh should besides help bolster sales this year. The Battlefield franchise remains the about popular of EA'due south titles at eleven 1000000+ unique users potent this quarter. This was followed by the Star Wars Battlefront title with more than than vi.6 Meg unique users.

Selected Operating Highlights and Metrics:

The Battleground™ franchise, led past Battlefield 4™, had more than 11.v million unique players during Q1.
Star Wars™ Battlefront™ had more than 6.6 million unique players in Q1.
Madden NFL 16 unique players increased more than 20% year-over-year during Q1.
Madden NFL Mobile had 25% more monthly active players in Q1 over last year.
Star Wars: Milky way of Heroes players averaged nearly 2.5 hours of gameplay per day in Q1.
EA titles shown at EA PLAY and E3 garnered 81 awards, including the All-time Action Game for Battlefield ane and Best Online Multiplayer for Titanfall ^® two from the E3 Game Critics.
The EA Access subscriber base more than doubled year-over-year in Q1.

Selected Financial Highlights EA (NASDAQ:EA) :

For the quarter, GAAP cyberspace revenue of $one.271 billion was above guidance of $one.250 billion. Of the full GAAP cyberspace revenue 54%, or $689 1000000, was digital. Diluted GAAP EPS of $1.40 was above guidance of $i.30.
For the quarter, change in deferred net revenue was ($589) million of which ($121) one thousand thousand was digital.
For the quarter, not-GAAP net revenue of $682 1000000 was higher up guidance of $640 meg. Of the total non-GAAP net revenue 83%, or $568 1000000, was digital. Diluted nonGAAP EPS of $0.07 was above guidance of ($0.05).
EA repurchased i.9 million shares in Q1 for $129 million.

2nd Quarter Fiscal Year 2022 Expectations

GAAP net revenue is expected to be approximately $915 million.
Alter in deferred net revenue is expected to be approximately $160 meg.
GAAP net loss is expected to be approximately ($51) 1000000.
GAAP loss per share is expected to be approximately ($0.17).
The Company (NASDAQ:EA) estimates a GAAP basic and diluted share count of 302 million shares due to a forecasted net loss. If the Company reports net income instead of a internet loss, diluted share count for calculating diluted earnings per share would be 315 million shares.

Reporting	GAAP	GAAP	Non-GAAP	Non-GAAP
Period	Q1 FY16	Q1 FY17	Q1 FY16	Q1 FY17
Cyberspace Revenue	$i,203	$1,271	$693	$682
Gross Profit Margin	85.6%	85.ix%	76.eight%	75.eight%
Operating Expense	$518	$532	$472	$483
Operating Income	$512	$560	$60	$34
Operating Margin	42.6%	44.1%	8.vii%	five.0 %
Diluted Earnings Per Share	$1.32	$1.40	$0.15	$0.07
Operating Cash Flow	($71)	($248)