Electronic Arts Reports Q4 and FY22 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 fourth quarter and fiscal year ended March 31, 2022.\n\n“FY22 was a record year, with hundreds of millions of players around the world joining in our games to play, watch, and create with one another,” said Andrew Wilson, CEO of Electronic Arts. “With amazing games, built around powerful IP, made by incredibly talented teams, and outstanding engagement in our live services, FY23 is set to be a year of innovation and growth for Electronic Arts.”\n\n“We finished the year with another strong quarter of revenue and profit growth, driven by our live services business which was 85% of our net bookings in Q4,” said CFO Chris Suh. “We have a strong foundation of deeply engaged players, rich IP and a resilient business model, which we will continue to invest in to deliver growth in FY23 and beyond.”\n\nSelected Operating Highlights and Metrics\n\n\nNet bookings1 for fiscal 2022 was $7.515 billion, up 21% year-over-year.\n\n\nLive services and other net bookings were up 17% year-over-year and represent 71% of total net bookings in fiscal 2022.\n\n\nThe EA player network grew 16% year-over-year to more than 580 million unique active accounts.\n\n\nDuring FY22, EA SPORTS™ FIFA had more than 150 million accounts.\n\n\nFIFA Mobile just had the biggest quarter ever with new unique players surging nearly 80% year-over-year.\n\n\nApex Legends™ Season 12 set records for the highest engagement since launch.\n\n\nIt Takes Two won over 90 awards during FY22.\n\n\nSelected Financial Highlights and Metrics\n\n\nNet cash provided by operating activities was $444 million for the quarter and $1.899 billion for the fiscal year.\n\n\nEA repurchased 2.5 million shares for $325 million during the quarter, bringing the total for the fiscal year to 9.5 million shares for $1.300 billion.\n\n\nEA paid a cash dividend of $0.17 per share during the quarter, bringing the total for the fiscal year to $193 million.\n\n\nDividend\n\nEA has declared a quarterly cash dividend of $0.19 per share of the Company’s common stock, which represents a 12% increase from prior quarter. The dividend is payable on June 22, 2022 to shareholders of record as of the close of business on June 8, 2022.\n\n\n\nQuarterly Financial Highlights\n\n\n\n\n\n\n\n\n\n...

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