Electronic Arts Reports Q1 FY17 Financial Results, calling these
"preliminary." The announcement speaks of the company's success in the digital
side of the business. They also express optimism about the releases of
Battlefield 1 and
Titanfall 2 this holiday season. They also include
handy highlight lists:
Selected Operating Highlights and Metrics:
- The Battlefield™ franchise, led by Battlefield 4™,
had more than 11.5 million unique players during Q1.
- Star Wars™ Battlefront™ had more than 6.6 million
unique players in Q1.
- Madden NFL 16 unique players increased more than
20% year-over-year during Q1.
- Madden NFL Mobile had 25% more monthly active
players in Q1 over last year.
- Star Wars: Galaxy of Heroes players averaged
nearly 2.5 hours of gameplay per day in Q1.
- EA titles shown at EA PLAY and E3 garnered 81
awards, including the Best Action Game for Battlefield 1 and Best Online
Multiplayer for Titanfall® 2 from the E3 Game Critics.
- The EA Access subscriber base more than doubled
year-over-year in Q1.
Selected Financial Highlights:
- For the quarter, GAAP net revenue of $1.271
billion was above guidance of $1.250 billion. Of the total GAAP net revenue
54%, or $689 million, was digital. Diluted GAAP EPS of $1.40 was above
guidance of $1.30.
- For the quarter, change in deferred net revenue
was ($589) million of which ($121) million was digital.
- For the quarter, non-GAAP net revenue of $682
million was above guidance of $640 million. Of the total non-GAAP net
revenue 83%, or $568 million, was digital. Diluted non-GAAP EPS of $0.07 was
above guidance of ($0.05).
- EA repurchased 1.9 million shares in Q1 for $129
million.