Home Technology News Today Electronic Arts Reports Strong Q3 FY21 Financial Results

Electronic Arts Reports Strong Q3 FY21 Financial Results

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Electronic Arts Inc. (NASDAQ: EA) introduced preliminary monetary outcomes for its third fiscal quarter ended December 31, 2020. “We’re bringing great entertainment to hundreds of millions of people all over the world,” stated CEO Andrew Wilson. “Our amazing teams continue to deliver exceptional, high-quality experiences as more players connect with their friends and engage deeply with our games. With our expansion plans for EA SPORTS, strong catalogue of owned IP, leading live services, and ability to span every platform, we are growing to reach an even larger audience.”

“We delivered another strong quarter, driven by live services outperformance in Ultimate Team and Apex Legends,” stated COO and CFO Blake Jorgensen. “We are raising our net bookings outlook for the full year on the strength we continue to see in our business. Looking further ahead, even with the upside this year, we anticipate delivering growth in fiscal 2022, driven by the next Battlefield.”

EA has posted a slide presentation and a monetary mannequin of EA’s historic outcomes and steerage on EA’s IR web site at www.ir.ea.com. EA may even put up the ready remarks and a transcript from the convention name on EA’s IR web site.

Selected Operating Highlights and Metrics

  • Net bookings for the trailing twelve months was $5.956 billion, up 8% year-over-year.
  • Launched FIFA 21, Medal of Honor: Above and Beyond, Need for Speed Hot Pursuit Remastered, and NHL 21 in the course of the quarter.
  • Launched FIFA 21 and Madden NFL 21 on subsequent technology consoles in the course of the quarter.
  • Over the previous fiscal yr, EA SPORTS franchises have engaged greater than 230 million individuals.
  • FIFA Ultimate Team had a file of almost 6 million each day energetic gamers in December.
  • Apex Legends had 30% progress in new gamers, year-over-year.
  • The Sims 4, life up to now, has greater than 33 million gamers and reached file each day, weekly, and month-to-month common gamers in December.

Selected Financial Highlights and Metrics

  • Net money offered by working actions was $1.124 billion for the quarter and a file $2.061 billion for the trailing twelve months.
  • EA repurchased 2.5 million shares for $326 million in the course of the quarter, bringing the entire for the final twelve months to five.9 million shares for $695 million.
  • EA paid a money dividend of $0.17 per share in the course of the quarter.

Dividend
EA has declared a quarterly money dividend of $0.17 per share of the Company’s widespread inventory. The dividend is payable on March 24, 2021 to shareholders of file as of the shut of enterprise on March 3, 2021.



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