“This year, EA delivered bigger, bolder world class entertainment that engaged and connected hundreds of millions of players and fans,” said Andrew Wilson, CEO of EA. “We will continue to build on this strong momentum through an incredible pipeline of new experiences, starting with College Football in FY25, positioning us for accelerated growth in FY26 and beyond.”
“EA’s FY24 was highlighted by record cash flow and strong earnings growth driven by EA SPORTS FC and Madden NFL,” said Stuart Canfield, CFO of EA. “With strong conviction in our future, we are announcing an expanded stock repurchase program. We look forward to sharing more about our longterm strategy and financial framework at our Investor Day this fall.”
Selected Operating Highlights and Metrics
- Net bookings for FY24 was $7.430 billion, up 1% year-over-year (up 3% in constant currency).
- Delivered 11 titles and over 600 content updates in the year, including four non-annual sports titles and the successful rebrand of EA SPORTS FC.
- Our global football franchise grew net bookings by high-teens percent in FY24.
- During FY24, our EA SPORTS Madden NFL franchise delivered record net bookings, up 6% year-over-year and double-digit growth in weekly average users for both Madden NFL 24 and Madden Mobile.
Selected Financial Highlights and Metrics
- Net revenue for FY24 was $7.562 billion, up 2% year-over-year.
- For FY24, net cash provided by operating activities was a fiscal year record $2.315 billion, up 49% year-over-year.
- During FY24, EA returned $1.505 billion to stockholders through stock repurchases and dividends.
- The board has authorized a new stock repurchase program of $5 billion over three years.
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 19, 2024 to stockholders of record as of the close of business on May 29, 2024.
