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Electronic Arts Inc EA

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Electronic Arts Reports Strong Fiscal Q2; FIFA Continues to Add Players

Neil Macker, CFA Senior Equity Analyst

Analyst Note

| Neil Macker, CFA |

Electronic Arts posted another strong quarter as fiscal 2022 second-quarter bookings and adjusted EBITDA handily beat FactSet consensus expectations. While the prior-year weakness due to the delayed FIFA launch meant net bookings more than doubled, the gain was still impressive given the positive conditions for gaming created by the lockdown restrictions during 2020. Management raised bookings guidance for the year, albeit by only 3% to $7.4 billion, based on the strong quarter.

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Company Profile

Business Description

EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, FIFA, Battlefield, Apex Legends, Mass Effect, Dragon’s Age, and Need for Speed.

209 Redwood Shores Parkway
Redwood City, CA, 94065
T +1 650 628-1500
Sector Communication Services
Industry Electronic Gaming & Multimedia
Most Recent Earnings Sep 30, 2021
Fiscal Year End Apr 2, 2022
Stock Type Slow Growth
Employees 11,000