Electronic Arts Reports Q4 FY16 and Full Year FY16 Financial Results
showing better than expected earnings, partly based on Star Wars Battlefront
selling more than 14 million units. According to
the earning conference call with investors revealed a new
installment in the Star Wars Battlefront series from Visceral, most likely in
2018, and they note
power point-style version
of the report shows Titanfall 2 with a fiscal Q3
2017 release window, which is Q4 2016 on normal calendars. Here's more on their
- For fiscal year 2016, GAAP net revenue was $4.396
billion of which 55% or $2.409 billion was digital, gross margin was 69.2%,
operating margin was 20.4%, and GAAP diluted earnings per share was $3.50.
During fiscal 2016, EA recorded a $453 million credit related to the
reversal of a valuation allowance reserve on certain deferred tax assets.
This credit increased our diluted GAAP earnings per share for fiscal 2016 by
$1.37 per share to $3.50, but had no effect on non-GAAP earnings or cash
- For fiscal year 2016, non-GAAP net revenue was
$4.566 billion of which 55% or $2.531 billion was digital, non-GAAP gross
margin was 71.4%, non-GAAP operating margin was 28.5%, non-GAAP diluted
earnings per share was $3.14 and operating cash flow was $1.223 billion. All
of these are fiscal year records.
- For the quarter, non-GAAP net revenue of $924
million was above guidance of $875 million. Diluted non-GAAP earnings per
share of $0.50 was above guidance of $0.40.