Electronic Arts Q4 FY3/2025 Financial Results (Jan- Mar 2025) | $7.355b in Net Bookings for the...

Earnings Release

Announcement of operating, financial highlights and metrics
“The incredible success of College Football and the enduring strength of FC drove another record year for EA SPORTS, while The Sims capped FY25 with a historic Q4,” said Andrew Wilson, CEO of Electronic Arts. “As we look to the future, we’re confident in our ability to execute across a deeppipeline — beginning this summer with the highly anticipated reveal of Battlefield, a pivotal step in delivering on our next generation of blockbuster entertainment.”

“Q4 marked a strong finish to FY25, with broad-based momentum across the portfolio positioning the business for accelerated growth,” said Stuart Canfield, CFO of Electronic Arts. “As we enter FY26, weremain focused on disciplined execution as we build toward a slate of groundbreaking upcoming releases.”

Selected Operating Highlights and Metrics

• Net bookings for FY25 totaled $7.355 billion.
• The EA SPORTS portfolio delivered another record net bookings year in FY25.
• EA’s American Football franchise exceeded expectations and reached over $1 billion in net bookings in FY25.
• Celebrating its 25th birthday, The Sims franchise continues its strong momentum with double digit growth in the quarter.
• In EA SPORTS FC, player monetization was up double digits, starting with the mid-January gameplay update.
• Split Fiction has sold nearly 4 million units since its hugely successful launch in March.

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Selected Financial Highlights and Metrics

• Net revenue for FY25 was $7.463 billion.
• Net cash provided by operating activities was $549 million for the quarter and $2.079 billion for the fiscal year.
• EA repurchased 9.8 million shares for $1.375 billion during the quarter, bringing the total for the fiscal year to 17.6 million shares for $2.500 billion.

Note: Net bookings is defined as the net amount of products and services sold digitally or sold-in physically in the period. Net bookings is calculated by adding total net revenue to the change in deferred net revenue for online-enabled games.

Dividend
EA has declared a quarterly cash dividend of $0.19 per share of the Company’s common stock. The dividend is payable on June 18, 2025 to stockholders of record as of the close of business on May 28, 2025.

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Expectations for the current Fiscal Year

Business Outlook as of May 6th, 2025

Fiscal Year 2026 Expectations – Ending March 31, 2026

Operational outlook metrics:

• Fiscal year 2026 net bookings is expected to be approximately $7.600 billion to $8.000 billion.
  Year-over-year net bookings growth in fiscal year 2026 is expected to be driven by the EA SPORTS portfolio, The Sims, and the launches of Battlefield and skate., partially offset by approximately 5 points of weakness in catalog and Apex Legends.
• The Company expects continued growth in live services, as well as the launch of new non-annual titles in fiscal year 2027.

Financial outlook metrics:

• Net revenue is expected to be approximately y $7.100 billion to $7.500 billion.
  Change in deferred net revenue (online-enabled games) is expected to be approximately $500 million.
• GAAP operating expenses are expected to be approximately $4.470 billion to $4.570 billion.
  Year-over-year increases in expenses are largely attributable to costs related to Battlefield marketing.
• Net income is expected to be approximately $795 million to $974 million.
• Diluted earnings per share is expected to be approximately $3.09 to $3.79.
• Operating cash flow is expected to be approximately $2.200 billion to $2.400 billion.
• The Company estimates a share count of 257 million for purposes of calculating diluted earnings per share.
• The Company intends to return at least 80% of free cash flow with stock repurchases and dividends through fiscal year 2027.
• The Company reiterates its financial margin framework through fiscal year 2027 shared at its September 2024 Investor Day

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A few slides from the Presentation



Net bookings by composition and by platform





Actuals and Guidance



Earning Slides

Previous threads

FY3/2025

Q1 - https://www.installbaseforum.com/fo...all-above-5m-unique-players-in-1st-week.2867/
Q2 - https://www.installbaseforum.com/fo...-for-the-company-and-above-the-guidance.3150/
Q3 - https://www.installbaseforum.com/fo...sults-oct-dec-2024-2-215b-in-net-bookings.64/

FY3/2024

Q1 - https://www.installbaseforum.com/forums/threads/electronic-arts-fy24-q1.1835/
Q2 - https://www.installbaseforum.com/fo...ts-fc-24-over-14-5m-accounts-in-4-weeks.2083/
Q3 - https://www.installbaseforum.com/fo...s-nfl-and-fc-up-by-5-and-7-respectively.2355/
Q4 - https://www.installbaseforum.com/fo...in-net-bookings-and-nfl-up-6-for-the-fy.2653/