Electronic Arts Reports Q2 FY22 Financial Results

About this update from Electronic Arts Inc.

[{"type":"text","content":"\nResults Above Expectations, Raised Outlook for the Full Year\n\n REDWOOD CITY, Calif.--(BUSINESS WIRE)--\nElectronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its second fiscal quarter ended September 30, 2021.\n\n“This was the strongest second quarter in the history of Electronic Arts, with more players around the world joining and engaging in our leading franchises, new launches and live services,” said Andrew Wilson, CEO of Electronic Arts. “Thanks to our incredibly talented teams, we’re excited to deliver more amazing experiences this holiday season, and connect hundreds of millions of players around the world through our EA SPORTS games, Apex Legends, Battlefield 2042 and more.”\n\n“EA delivered another strong quarter, primarily driven by our EA SPORTS titles and Apex Legends,” said CFO Blake Jorgensen. “Based on our confidence in our franchises and live services, we are again raising guidance this quarter. We’re positioned for a strong holiday season driven by our exciting Battlefield 2042 game, with growth drivers in place for this year, next year, and beyond.”\n\nSelected Operating Highlights and Metrics\n\n\nNet bookings1 for the trailing twelve months was $7.077 billion, up 27% year-over-year.\n\n\nIn the first six months of the fiscal year, approximately 100 million players have engaged with our EA SPORTS™ global football franchise across all platforms.\n\n\nApex Legends™ Season 9 and Season 10 each respectively set new marks for the highest active players since Season 1.\n\n\nThe Battlefield™ 2042 Open Beta had 7.7 million players.\n\n\nStar Wars™: Galaxy of Heroes surpassed 100 million players life to date.\n\n\nSelected Financial Highlights and Metrics\n\n\nNet cash provided by operating activities was $64 million for the quarter and $1.416 billion for the trailing twelve months.\n\n\nEA repurchased 2.3 million shares for $325 million during the quarter, bringing the total for the last twelve months to 9.5 million shares for $1.301 billion.\n\n\nEA paid a cash dividend of $0.17 per share during the quarter.\n\n\nDividend\n\nEA has declared a quarterly cash dividend of $0.17 per share of the Company’s common stock. The dividend is payable on December 22, 2021 to shareholders of record as of the close of business on December 8, 2021.\n\nQuarterly Financial Highlights\n\n\n\n\nThree Mo...

More updates from Electronic Arts Inc.