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EA Financials

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.

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