Slide 1: Electronic Arts Inc. Q2 FY25 earnings presentation
Electronic Arts Inc. 2 FY2Z p October 29, 2024 w/\ a. Ses 4 |
Slide 2: Table of Contents
Table of Contents Safe Harbor Statement Select Q2 FY25 Highlights Net Bookings Results Core Business and FY25 Title Slate Q2 FY25 Actuals & Guidance GAAP to Non-GAAP Reconciliation Appendix
Slide 3: Safe Harbor Statement
3 Refer to Appendix for additional disclosures.
Slide 4: Select Q2 FY25 Highlights
4 Refer to Appendix for additional disclosures.
Slide 5: Net Bookings Results
Q2 FY23 Q2 FY24 Q2 FY25 Q2 FY23 Q2 FY24 Q2 FY25 5 Refer to Appendix for additional disclosures, including constant currency ("CC").
Slide 6: Net Bookings Results by Segment
Q2 FY23 Q2 FY24 Q2 FY25 Q2 FY23 Q2 FY24 Q2 FY25 6 Refer to Appendix for additional disclosures, including constant currency ("CC").
Slide 7: Core Business and FY25 Title Slate
7 Refer to Appendix for additional disclosures.
Slide 8: Q2 FY25 Actuals & Guidance
8 Refer to Appendix for additional disclosures. For additional information please refer to our Non-GAAP Operating Margin FAQ at http://ir.ea.com.
Slide 9: GAAP to Non-GAAP Reconciliation: Q2 FY25 Actuals
GAAP to Non-GAAP Reconciliation: Q2 FY25 Actuals Three Months Ended September 30, 2024 GAAP-Based Financial Data GAAP-Based Financial Data A B c D =A+tBt+C+D Statement of Acquisition- Restructuringand Stock-based Non-GAAP Change in deferred net Operations related related charges compensation revenue
Slide 10: Guidance
10 Refer to Appendix for additional disclosures.
Slide 11: Guidance Detail
11 Refer to Appendix for additional disclosures.
Slide 12: Appendix
Appendix Cash Flow Selected Data Currency Assumptions Constant Currency Reconciliation Additional Disclosures Non-GAAP Financial Measures 12
Slide 13: Cash Flow Selected Data
13 Free cash flow is defined as operating cash flow minus capital expenditures. Management believes free cash flow is a useful measure of the company's ability to generate cash.
Slide 14: Currency Assumptions
Currency Assumptions Current FX assumptions 12 Q2 2024 Q2 2025 Q3-Q4E 2025 EUR/USD 1.09 1.09 1.12 Net Bookings GBP/USD 1.27 1.29 1.34 USD/CAD 1.33 1.37 1.34 Operating Expenses USD/SEK 10.72 10.51 10.13 Rule of thumb If the U.S. dollar strengthens 10% against the Euro and British pound sterling: If t
Slide 15: Constant Currency Reconciliation
15 Numbers above may not foot due to rounding and calculation methodologies.
Slide 16: Constant Currency Reconciliation
16 Numbers above may not foot due to rounding and calculation methodologies.
Slide 17: Additional Disclosures
Additional Disclosures Net revenue, gross profit and operating cash flow are presented ona 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 rev
Slide 18: 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