Electronic Arts Reports Q4 and Full Year FY20 Financial Results

About this update from Electronic Arts Inc.

[{"type":"text","content":" REDWOOD CITY, Calif.--(BUSINESS WIRE)--\nElectronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its fiscal fourth quarter and full year ended March 31, 2020.\n\n\nNews and ongoing updates regarding EA and its games are available on EA’s blog at www.ea.com/news.\n\n\n“We’re humbled to see people around the world connecting through our games during this unprecedented period,” said CEO Andrew Wilson. “Our focus continues to be on everything we can do for our people, our players, and our communities. Thanks to the amazing dedication and determination of our teams at Electronic Arts, we’re able to deliver the games, experiences and content choices that our players are looking for during this challenging time.”\n\n\n“We’ve had a strong year. Our results this quarter prove the value of the live services path we’ve been on now for a decade. The breadth and depth of our live services give the flexibility we need at times like this to meet player needs,” said COO and CFO Blake Jorgensen. “I want to thank everyone at EA for rising to the challenge. People across the company have shown extraordinary innovation, energy and ingenuity. Learnings from this period will forever change the way we work at EA.”\n\n\nSelected Operating Highlights and Metrics\n\n\n\nDigital net bookings* for the fiscal year was $4.052 billion, up 9% year-over-year and now represents 78% of total net bookings.\n\n\nFIFA 20 has more than 25 million unique players to date.\n\n\nMadden NFL 20 reached the highest engagement levels in franchise history.\n\n\nApex LegendsTM was the most downloaded free-to-play game on PS4 in calendar 2019.\n\n\nStar Wars Jedi: Fallen OrderTM has more than 10 million unique players to date.\n\n\nIn every quarter of fiscal 2020, monthly average players in The Sims 4TM were higher than the comparable period in the prior year.\n\n\n\n* Net bookings is defined as the net amount of products and services sold digitally or sold-in physically in the period. Net bookings is calculated by adding total net revenue to the change in deferred net revenue for online-enabled games and mobile platform fees. \n\n\nSelected Financial Highlights and Metrics\n\n\nAll financial measures are presented on a GAAP basis.\n\n\n\nNet cash from operating activities was $498 million for the quarter and $1.797 billion for the fiscal year.\n\n\...

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