Electronic Arts Inc. · NASDAQ:EA

Electronic Arts — Q4 2025 Earnings Presentation

20 slides from Electronic Arts's earnings presentation, May 6, 2025

  1. Slide 1: Electronic Arts Inc. Q4 and FY25 Results

    Electronic Arts Inc. Q4 and FY25 Results May 6, 2025

  2. Slide 2: Table of Contents

    Table of Contents 01 Safe Harbor Statement 02 Select FY25 Highlights 03 Net Bookings Results 04 Core Business and FY26 Title Slate 05 FY25 Actuals & FY26 Guidance 06 GAAP to Non-GAAP Reconciliation 07 Appendix 2

  3. Slide 3: Safe Harbor Statement

    Safe Harbor Statement Please review our risk factors on Form 10-Q filed with the SEC Some statements set forth in this document, including the information relating to EA’s fiscal 2026 guidance information and title slate contain forward-looking statements that are subject to change. Statements includ

  4. Slide 4: Select FY25 Highlights

    Select FY25 Highlights Split Fiction has sold nearly 4M units since its launch in March $2.7B Total FY25 Return on Capital American Football delivered over $1B in net bookings in FY25 (through Stock Repurchase Program & Cash Dividends) $7.4B FY25 net bookings Live Services represented 73% of total F

  5. Slide 5: Net Bookings by Composition

    Net Bookings by Composition (in $ millions) Full Game Live services and other Quarterly Fiscal Year YoY YoY CC YoY YoY CC 1,946 7,341 7,430 7,355 (1%) (1%) 1,799 +8% +9% 324 1,666 1,811 2,005 2,017 +1% +1% 384 +48% +51% 259 1,622 1,407 1,415 +1% +1% 5,530 5,425 5,338 (2%) (2%) FY23 FY24 FY25 FY23 FY

  6. Slide 6: Net Bookings by Platform

    Net Bookings by Platform (in $ millions) Console PC & Other Mobile Quarterly Fiscal Year YoY YoY CC YoY YoY CC 1,946 1,799 +8% +9% 7,341 7,430 7,355 (1%) (1%) 331 1,666 288 (3%) (2%) 1,244 1,187 1,148 (3%) (3%) 298 516 415 0% +2% 1,462 (10%) (9%) 1,759 1,629 413 1,099 1,096 +15% +15% 4,614 4,745 +3%

  7. Slide 7: Core Business and FY26 Title Slate

    Core Business and FY26 Title Slate Massive Online Communities New Releases in FY26 Q1 EA SPORTS™ F1® 25 (May 30) Q2 EA SPORTS™ College Football 26 EA SPORTS™ Madden NFL 26 EA SPORTS™ NHL 26 EA SPORTS FC™ 26 Q3 Q4 FY skate. Battlefield 7

  8. Slide 8: FY25 Actuals & FY26 Guidance

    FY25 Actuals & FY26 Guidance (in $ millions, except EPS) FY25A Q4 FY25A FY26E Q1 FY26E Net Revenue 7,463 1,895 7,100 to 7,500 1,550 to 1,650 Cost of Revenue 1,543 368 1,475 to 1,515 265 to 285 GAAP EPS $4.25 $0.98 $3.09 to $3.79 $0.49 to $0.66 Operating Cash Flow 2,079 549 2,200 to 2,400 GAAP Operat

  9. Slide 9: GAAP to Non-GAAP Reconciliation: FY25 Actuals

    GAAP to Non-GAAP Reconciliation: FY25 Actuals (in $ millions) Twelve Months Ended March 31, 2025 GAAP-Based GAAP-Based Financial Data Financial Data A B C D =A+B+C+D Statement of Acquisition-related Restructuring Stock-based Change in deferred Operations expenses and related compensation Non-GAAP ne

  10. Slide 10: GAAP to Non-GAAP Reconciliation: Q4 FY25 Actuals

    GAAP to Non-GAAP Reconciliation: Q4 FY25 Actuals (in $ millions) Three Months Ended March 31, 2025 GAAP-Based GAAP-Based Financial Data Financial Data A B C D =A+B+C+D Statement of Acquisition-related Restructuring Stock-based Change in deferred Operations expenses and related compensation Non-GAAP

  11. Slide 11: GAAP to Non-GAAP Reconciliation: FY26 Guidance

    GAAP to Non-GAAP Reconciliation: FY26 Guidance (in $ millions) Twelve Months Ending March 31, 2026 GAAP-Based GAAP-Based Financial Data Financial Data A B C =A+B+C GAAP Guidance Acquisition- Stock-based Non-GAAP Change in deferred net revenue Range related expenses compensation Guidance Range (onlin

  12. Slide 12: Q1 FY26 Guidance

    Q1 FY26 Guidance (in $ millions) Three Months Ending June 30, 2025 GAAP-Based Financial Data Change in deferred GAAP Guidance Acquisition-related Stock-based net revenue Range expenses compensation (online-enabled games) Net revenue 1,550 to 1,650 - - (375) Cost of revenue 265 to 285 (10) (5) - Oper

  13. Slide 13: Appendix

    Appendix 01 Cash Flow Selected Data 02 Currency Assumptions 03 Constant Currency Reconciliation 04 Additional Disclosures 05 Non-GAAP Financial Measures 13

  14. Slide 14: Cash Flow Selected Data

    Cash Flow Selected Data (in $ millions) Actuals Q4 2025 Q4 2024 FY25 FY24 Operating Cash Flow 549 580 2,079 2,315 Capital Expenditures 54 51 221 199 Free Cash Flow 495 529 1,858 2,116 Investing Cash Flow 214 (49) 37 (207) Financing Cash Flow (1,411) (360) (2,863) (1,624) Free cash flow is defined as

  15. Slide 15: Currency Assumptions

    Currency Assumptions Current FX assumptions 1,2 Q4 2024 Q4 2025 FY 2026E EUR/USD 1.09 1.04 1.08 Net Bookings GBP/USD 1.27 1.25 1.29 US/CAD 1.34 1.43 1.43 Operating Expenses US/SEK 10.26 10.94 10.04 Rule of thumb If the U.S. dollar strengthens 10% against the Euro and British pound sterling: If the U

  16. Slide 16: Constant Currency Reconciliation–Net Bookings Guidance

    Constant Currency Reconciliation–Net Bookings Guidance (in $ millions) 2026 2025 Percentage Currency Percentage Change YoY As Guidance As Reported Change YoY Impact Constant Currency Low 7,600 7,355 +3% 36 +4% High 8,000 7,355 +9% 36 +9% Q1 2026 Q1 2025 Percentage Currency Percentage Change YoY As G

  17. Slide 17: Constant Currency Reconciliation–Net Bookings (FY)

    Constant Currency Reconciliation–Net Bookings (FY) (in $ millions) 2025 2024 Percentage 2025 Percentage Change YoY As Reported As Reported Change YoY Currency Impact Constant Currency Console 4,745 4,614 +3% (14) +3% PC & other 1,462 1,629 (10%) 15 (9%) Mobile 1,148 1,187 (3%) 6 (3%) Net Bookings 7,

  18. Slide 18: Constant Currency Reconciliation–Net Bookings (Q4)

    Constant Currency Reconciliation–Net Bookings (Q4) (in $ millions) Q4 2025 Q4 2024 Percentage Q4 2025 Percentage Change YoY As Reported As Reported Change YoY Currency Impact Constant Currency Console 1,096 955 +15% 6 +15% PC & other 415 413 0% 5 +2% Mobile 288 298 (3%) 3 (2%) Net Bookings 1,799 1,6

  19. Slide 19: Additional Disclosures

    Additional Disclosures Net revenue, gross profit and operating cash flow are presented on a GAAP basis. Net bookings is an operating metric that EA defines 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 reven

  20. Slide 20: Non-GAAP Financial Measures

    Non-GAAP Financial Measures As a supplement to the Company’s financial measures presented in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company presents certain non-GAAP measures of financial performance, including non-GAAP operating margin, and free cash flow. These no

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