Electronic Arts Q3 Earnings Highlights: Sales Miss, EPS Beat, Madden And Soccer Games Power Through
Portfolio Pulse from Chris Katje
Electronic Arts Inc (NASDAQ:EA) reported Q3 earnings with net bookings of $2.366 billion, slightly missing the consensus estimate of $2.40 billion. Adjusted EPS was $2.96, beating the estimate of $2.93. Net revenue reached $1.945 billion, with live services and other net bookings at a record $1.712 billion, up 3% YOY. EA Sports FC and Madden franchise saw net bookings growth of 7% and 5% YOY, respectively. Q4 net bookings are expected to be between $1.625 billion and $1.925 billion, with EPS guidance of 20 to 68 cents. Full-year net bookings are projected to be $7.389 to $7.689 billion, with EPS of $4.21 to $4.68. Shares fell 3.31% in after-hours trading.

January 30, 2024 | 9:41 pm
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Electronic Arts reported a slight miss in Q3 net bookings but exceeded EPS estimates. Growth in live services and franchises like EA Sports FC and Madden contributed to the results. Despite this, shares dropped after the report.
The slight miss in net bookings may concern investors, despite the EPS beat and growth in key franchises. The after-hours share price decline indicates a negative short-term market reaction to the earnings report.
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