Electronic Arts' Q2 FY16 Financial Results are now public, revealing what
they call "record trailing twelve month digital non-GAAP revenue of $2.3
billion." We're no accountants, but that sounds pretty good, a theory supported
by word that they've once again raised their full-year guidance. Here are some
highlights:
Selected Operating Highlights and Metrics:
- EA is the #1 publisher on PlayStation®4 and Xbox
One consoles in the Western World calendar year to date and for Q2 FY16, led
by the strength of the EA SPORTS™ FIFA and Madden NFL franchises.
- Across our annual EA SPORTS franchises that
launched new titles in Q2 – Madden NFL 16, NHL 16 and FIFA 16 – monthly
average players increased 30% year-over-year.
- Star Wars™: The Old Republic™ subscribers
increased 33% since the announcement of the latest expansion at E3, Knights
of the Fallen Empire.
- EA’s live services for Battlefield™ Hardline and
Battlefield 4™ continue to engage players with more than 6 million monthly
average players across the two experiences.
- Game sessions for Madden NFL Mobile are up more
than 300% over last year.
- Over 9.5 million players joined the Star Wars™
Battlefront™ open beta, the largest beta in EA’s history. The game will
launch worldwide starting November 17, 2015.
Selected Financial Highlights:
- For the quarter, non-GAAP net revenue of $1.146
billion was above guidance of $1.075 billion. Diluted non-GAAP EPS of $0.65
was above guidance of $0.40.
- Non-GAAP net revenue for EA’s FIFA, Madden NFL and
Hockey Ultimate Team™ live services continue to perform well, collectively
up 64% year-over-year.
- EA repurchased 1.8 million shares in Q2 for $126
million.
- On a trailing twelve month basis, EA had non-GAAP
net revenue of $4.163 billion (of which a record $2.307 billion was
digital), non-GAAP net income of $774 million and operating cash flow of
$818 million.
- EA increased fiscal 2016 non-GAAP net revenue
guidance by $50 million to $4.500 billion, diluted non-GAAP EPS guidance by
$0.15 to $3.00 per share and operating cash flow by $50 million to $1.200
billion.