Thursday, February 4th 2021
Electronic Arts Reports Strong Q3 FY21 Financial Results
Electronic Arts Inc. (NASDAQ: EA) announced preliminary financial results for its third fiscal quarter ended December 31, 2020. "We're bringing great entertainment to hundreds of millions of people all over the world," said CEO Andrew Wilson. "Our amazing teams continue to deliver exceptional, high-quality experiences as more players connect with their friends and engage deeply with our games. With our expansion plans for EA SPORTS, strong catalogue of owned IP, leading live services, and ability to span every platform, we are growing to reach an even larger audience."
"We delivered another strong quarter, driven by live services outperformance in Ultimate Team and Apex Legends," said COO and CFO Blake Jorgensen. "We are raising our net bookings outlook for the full year on the strength we continue to see in our business. Looking further ahead, even with the upside this year, we anticipate delivering growth in fiscal 2022, driven by the next Battlefield."
EA has posted a slide presentation and a financial model of EA's historical results and guidance on EA's IR website at www.ir.ea.com. EA will also post the prepared remarks and a transcript from the conference call on EA's IR website.
Selected Operating Highlights and Metrics
EA has declared a quarterly cash dividend of $0.17 per share of the Company's common stock. The dividend is payable on March 24, 2021 to shareholders of record as of the close of business on March 3, 2021.
"We delivered another strong quarter, driven by live services outperformance in Ultimate Team and Apex Legends," said COO and CFO Blake Jorgensen. "We are raising our net bookings outlook for the full year on the strength we continue to see in our business. Looking further ahead, even with the upside this year, we anticipate delivering growth in fiscal 2022, driven by the next Battlefield."
Selected Operating Highlights and Metrics
- Net bookings for the trailing twelve months was $5.956 billion, up 8% year-over-year.
- Launched FIFA 21, Medal of Honor: Above and Beyond, Need for Speed Hot Pursuit Remastered, and NHL 21 during the quarter.
- Launched FIFA 21 and Madden NFL 21 on next generation consoles during the quarter.
- Over the past fiscal year, EA SPORTS franchises have engaged more than 230 million people.
- FIFA Ultimate Team had a record of nearly 6 million daily active players in December.
- Apex Legends had 30% growth in new players, year-over-year.
- The Sims 4, life to date, has more than 33 million players and reached record daily, weekly, and monthly average players in December.
- Net cash provided by operating activities was $1.124 billion for the quarter and a record $2.061 billion for the trailing twelve months.
- EA repurchased 2.5 million shares for $326 million during the quarter, bringing the total for the last twelve months to 5.9 million shares for $695 million.
- EA paid a cash dividend of $0.17 per share during the quarter.
EA has declared a quarterly cash dividend of $0.17 per share of the Company's common stock. The dividend is payable on March 24, 2021 to shareholders of record as of the close of business on March 3, 2021.
10 Comments on Electronic Arts Reports Strong Q3 FY21 Financial Results
It's like a career criminal boasting about how rich they are after mugging and stealing from a tonne of people every year --- but thats OK because by stealing from people, its enabled him to feed his family and fund his kids school and uni tuition fees.
All this positive reinforcement is a short path to hell. We're already on it and its already causing lots of damage everywhere. The amount of drones is growing.
(obviously I'm trolling)