Slide 1: Electronic Arts Inc. Q3 FY 2023 Results
Slide 2: Safe Harbor Statement
Safe Harbor Statement Please review our risk factors on Form 10-@ filed with the SEC. Some statements set forth in this document, including the information relating to EA's fiscal 2023 guidance information and title slate contain forward-looking statements that are subject to change. Statements incl
Slide 3: Select Operating Highlights and Metrics
Select Operating Highlights and Metrics Total net bookings for the trailing twelve months was $7.146 billion, down 1%. Live services and other net bookings for the trailing twelve months were up 4% and represent 75% of total net bookings. The EA player network grew to 650 million at quarter end. Net
Slide 4: Q3 FY23 Key Business Drivers - Net Bookings
Q3 FY23 Key Business Drivers —- Net Bookings (in $ millions) Total net bookings 2,342 Down 5% in constant currency, driven largely by the Battlefield 2042 comp and Apex performance, offset by FIFA strength. Live services & other 1,655 Up 3% in constant currency, driven by FIFA strength. FIFA Mobile
Slide 5: Q3 FY21 Q3 FY22 Q3 FY23
Q3 FY21 Q3 FY22 Q3 FY23 Q3 FY21 Q3 FY22 Q3 FY23 5
Slide 6: Q3 FY21 Q3 FY22 Q3 FY23
Q3 FY21 Q3 FY22 Q3 FY23 Q3 FY21 Q3 FY22 Q3 FY23 6
Slide 7: Cash Flow Selected Data
Cash Flow Selected Data Actuals Cash Flow Data (in $ millions) Q3 2023 Q3 2022 Q3 TTM 2023 Q3 TTM 2022 Investing Cash Flow (61) (49) (213) (3,215) Financing Cash Flow (418) (442) (1,593) (743) Operating Cash Flow A 1,123 1,534 1,377 1,826 Capital Expenditures B 48 48 213 166 Free Cash Flow A-B 1,075
Slide 8: Expanding, Diversified Portfolio of Live Services
Expanding, Diversified Portfolio of Live Services Q3 FY23 Active Console/PC @FIFA23: MADDEN%23 #SiMS4 BATTLEFIELD 2042 @)FIFRONUNES = ose pogo © PlayPro Electronic Arts Refer to appendix for additional disclosures Q@QNHL223 APEX — LEGENDS — l= @ Play
Slide 9: Building a Mobile Business Around Our Strong IP
Building a Mobile Business Around Our Strong IP Sports | Racing Shooter RPG Casual | Lifestyle Electronic Arts Refer to appendix for additional disclosures. 9
Slide 10: FY23 Title Slate
FY23 Title Slate Ql Q2 F122 FIFA 23 Madden NFL 23 Q3 Q4 Need for Speed Unbound Dead Space NHL 23 PGA TOUR Super Mega Baseball Wild Hearts * Titles are reflected in alphabetical order. * Star Wars Jedi: Survivor will release on April 28, 2023 (Q] FY24). Electronic Arts Refer to appendix for additiona
Slide 11: Hundreds of millions of players around the world came together
Hundreds of millions of players around the world came together and connected through our games, live services and content last year. A few notable highlights: Global Community of New Players Engagement Highlights 32.6 billion goals scored 1.4 billion hours played 24.9% 12.8% FIFA Sims Europe North A
Slide 12: Q4 FY23 Guidance Notes
Q4 FY23 Guidance Notes (Sin millions, except EPS) Q4E Commentary Net revenue 1,700 to1,800 Lower cost of revenue driven by greater percentage of revenue 395 to 415 Cost of revenue from PC & console over mobile. Our EPS guidance calculation does not factor in future share GAAP EPS $0.05 to $0.20 repu
Slide 13: Quarterly Guidance
Quarterly Guidance The following table provides guidance for EA’s Q4 FY23 financial performance. These preliminary estimates and expectations are based on current information as of January 31, 2023 and are subject to business and economic risks and uncertainties that could cause actual events or act
Slide 14: FY23 Guidance Notes
FY23 Guidance Notes inmillons, except EPS) FY23E Net revenue 7,252 to 7,352 Cost of revenue 1,739 to 1,759 GAAP EPS $2.97 to $3.11 Our EPS guidance calculation does not factor in future share repurchases. Operating cash flow 1,400 to 1,450 Net bookings 7,070 to 7,170 Electronic Arts Refer to appendi
Slide 15: Fiscal Year Guidance
Fiscal Year Guidance The following table provides guidance for EA's Fiscal 2023 financial performance. These preliminary estimates and expectations are based on current information as of January 31, 2023 and are subject to business and economic risks and uncertainties that could cause actual events
Slide 16: Currency Assumptions
Currency Assumptions Current FX assumptions?” USD/ FY22 Q3A FY23 Q3A FY23 Q4E . EUR 1.15 1.00 1.07 Net Bookings GBP 1.35 1.14 1.21 CAD 1.26 1.36 1.35 Operating Expenses SEK 8.83 10.94 10.39 Rule of thumb If the U.S. dollar strengthens 10% against the Euro and British If the U.S. dollar strengthens 1
Slide 17: Constant Currency Reconciliation
Constant Currency Reconciliation ($ in millions) Three Months Ended December 31, 2022 Q3 2023 Q3 2022 Percentage @Q32023Constant Percentage Change YoY AsReported AsReported ChangeYoY Currency Impact Constant Currency Full Game 687 900 (24%) 24 (21%) Live Services & Other 1,655 1,677 (1%) 73 3% Net B
Slide 18: Constant Currency Reconciliation
Constant Currency Reconciliation ($ in millions) Three Months Ended December 31, 2022 Q3 2023 Q3 2022 Percentage @Q32023 Constant Percentage Change YoY As Reported As Reported Change YoY Currency Impact Constant Currency Console 1,575 1,746 (10%) 68 (6%) PC & Other 464 511 (9%) 21 (5%) Mobile 303 32
Slide 19: Appendix
Appendix 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 revenue to the c