Electronic Arts Reports Q1 FY16 Financial Results, raising their full year
guidance after surpassing expectations for the quarter. They offer these
highlights:
Selected Operating Highlights and Metrics:
- At E3, EA titles earned 132 awards including four
of the 2015 E3 Game Critic Awards: Star Wars™ Battlefront™ for Best Action
Game and Best Online Multiplayer, Need for Speed™ for Best Racing Game and
EA SPORTS™ FIFA 16 for Best Sports Game.
- Trailers, gameplay and livestreams of EA's games
were viewed over 53 million times throughout the week of E3.
- Players in Battlefield 4™ and Battlefield™
Hardline logged more than 170 million online gameplay hours combined in Q1.
- Monthly active users for EA’s mobile titles
averaged more than 150 million in Q1.
- More than 16 million matches of FIFA 15 were
played on average per day in Q1.
Selected Financial Highlights:
- For the quarter, non-GAAP net revenue of $693
million was above our guidance of $640 million. Diluted non-GAAP EPS of
$0.15 was above our guidance of $0.00.
- EA increased fiscal 2016 non-GAAP net revenue
guidance by $50 million to $4.450 billion and diluted non-GAAP EPS guidance
by $0.10 to $2.85 per share.
- Operating cash flow of $992 million was a record
high for any trailing twelve month Q1 period.
- EA repurchased 2.2 million shares in Q1 for $132
million.