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
  • 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.
Selected Financial Highlights and Metrics
  • 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.
Dividend
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.
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10 Comments on Electronic Arts Reports Strong Q3 FY21 Financial Results

#1
FreedomEclipse
~Technological Technocrat~
TPU needs a vomit emote or smilie for articles like these.... especially where companies like EA or Activision are talking about their earnings because they are only going to rattle off some nauseous PR speak about the how great they did while ignoring the fact that the way they got the money is by means of exploitation which is of course being investigated globally by many governments

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.
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#2
ZeppMan217
FreedomEclipseTPU needs a vomit emote or smilie for articles like these.... especially where companies like EA or Activision are talking about their earnings because they are only going to rattle off some nauseous PR speak about the how great they did while ignoring the fact that the way they got the money is by means of exploitation which is of course being investigated globally by many governments

It's like a career criminal boasting about how rich they are after mugging a tonne of people every year
Did Bobby Kotick put a gun to your head and made you buy a WoW subscription? Don't buy their games, don't play their games. Easy peasy lemon squeezy.
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#3
FreedomEclipse
~Technological Technocrat~
ZeppMan217Did Bobby Kotick put a gun to your head and made you buy a WoW subscription? Don't buy their games, don't play their games. Easy peasy lemon squeezy.
Thats the kind of mindset that pretty much excuses the bad shit that they do.
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#4
Vayra86
FreedomEclipseTPU needs a vomit emote or smilie for articles like these.... especially where companies like EA or Activision are talking about their earnings because they are only going to rattle off some nauseous PR speak about the how great they did while ignoring the fact that the way they got the money is by means of exploitation which is of course being investigated globally by many governments

It's like a career criminal boasting about how rich they are after mugging a tonne of people every year
I agree. In with the 'Dislike' or 'Thumbs Down' and lets make it bigger than Facebook.

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.
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#5
_JP_
Should the mandatory video be here? It should:
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#6
mouacyk
_JP_Should the mandatory video be here? It should:
Right on
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#7
Fourstaff
Wow people still play Apex Legends.
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#8
Frick
Fishfaced Nincompoop
FreedomEclipseTPU needs a vomit emote or smilie for articles like these.... especially where companies like EA or Activision are talking about their earnings because they are only going to rattle off some nauseous PR speak about the how great they did while ignoring the fact that the way they got the money is by means of exploitation which is of course being investigated globally by many governments

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.
If they were a bad company they wouldn't have made that money.
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#9
FreedomEclipse
~Technological Technocrat~
FrickIf they were a bad company they wouldn't have made that money.
Yeah, too bad to the people who had their life savings gambled away by their kids childish innocence or pushed into debt because rolling the dice trying to unlock Lionel Messi on FIFA, I mean really. F**k those guys innit. How dare people have their money gambled away or by their kids buying FIFA card packs. How dare they.
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#10
Frick
Fishfaced Nincompoop
FreedomEclipseYeah, too bad to the people who had their life savings gambled away by their kids childish innocence or pushed into debt because rolling the dice trying to unlock Lionel Messi on FIFA, I mean really. F**k those guys innit. How dare people have their money gambled away or by their kids buying FIFA card packs. How dare they.
No it's good they have their money taken away. Stupid people don't deserve money.

(obviously I'm trolling)
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