Electronic Arts Q1 Earnings Highlights: College Football, Madden, Soccer Video Games 'Building Momentum For FY25 And Beyond'
Portfolio Pulse from Chris Katje
Electronic Arts Inc (NASDAQ:EA) reported Q1 financial results with net bookings of $1.26 billion, beating guidance but down from last year. The company highlighted strong performances from Madden NFL 24, FC Online, and FC Mobile. EA repurchased 2.8 million shares for $375 million. The company expects strong future performance with upcoming game releases.
July 30, 2024 | 8:43 pm
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Electronic Arts reported Q1 net bookings of $1.26 billion, beating guidance but down from last year. Strong performances from Madden NFL 24, FC Online, and FC Mobile were noted. EA repurchased 2.8 million shares for $375 million. Future performance looks promising with upcoming game releases.
EA's Q1 results beat net bookings guidance, indicating strong operational performance. The company's share repurchase program and upcoming game releases suggest positive future prospects, likely driving short-term stock price appreciation.
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