Curbline Properties Corp. · NYSE:CURB
Curbline Properties — Q1 FY26 Earnings Presentation
18 slides from Curbline Properties's earnings presentation, Jul 28, 2025
Slide 1: Electronic Arts Inc. Q1 FY26 Results
Electronic Arts Inc. Q1 FY26 Results July 29, 2025
Slide 2: Table of Contents
Table of Contents 01 Safe Harbor Statement 02 Select Q1FY26 Highlights 03 Net Bookings Results 04 Core Business and FY26 Title Slate 05 Q1 FY26 Actuals, FY26 & Q2 Guidance 06 GAAP to Non-GAAP Reconciliation 07 Appendix 2
Slide 3: Safe Harbor Statement
Safe Harbor Statement Please review our risk factors on Form 10-K 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
Slide 4: Select Q1 FY26 Highlights
Select Q1 FY26 Highlights $2.7B EA SPORTS™ F1® 25 Global Football delivered delivered strong year-over-year growth in net year-over-year net bookings bookings, highlighted by a growth, supported by an TTM Return on Capital record quarter in FC Mobile enhanced gameplay (through Stock Repurchase Progr
Slide 5: Net Bookings by Composition
Net Bookings by Composition (in $ millions) Full Game Live services and other Quarterly Trailing 12 Months YoY YoY CC YoY 1,578 7,620 7,391 +4% 7,114 1,262 1,298 +3% +3% 2,047 401 2,063 +16% 1,772 168 214 +27% +28% 1,177 5,573 5,342 5,328 0% 1,094 1,084 (1%) (1%) Q1FY24 Q1FY25 Q1FY26 Q1FY24 Q1FY25 Q
Slide 6: Net Bookings by Platform
Net Bookings by Platform (in $ millions) Console PC & Other Mobile Quarterly Trailing 12 Months YoY YoY CC YoY 1,578 7,620 7,114 7,391 +4% 303 1,233 1,298 +3% +3% 1,146 (2%) 1,262 1,174 290 288 (1%) (1%) 1,785 1,487 (4%) 374 1,550 295 320 +8% +9% 901 4,602 4,390 4,758 +8% 677 690 +2% +1% Q1FY24 Q1FY
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 (July 10) EA SPORTS™ Madden NFL 26 (August 14) EA SPORTS™ NHL 26 EA SPORTS FC™ 26 (September 26) Q3 Q4 FY skate. Battlefield 6 7
Slide 8: Q1 FY26 Actuals, FY26 & Q2 Guidance
Q1 FY26 Actuals, FY26 & Q2 Guidance (in $ millions, except EPS) Q1 FY26A FY26E Q2 FY26E Net Revenue 1,671 7,100 to 7,500 1,750 to 1,850 Cost of Revenue 279 1,475 to 1,515 430 to 450 GAAP EPS $0.79 $3.09 to $3.79 $0.29 to $0.46 Operating Cash Flow 17 2,200 to 2,400 GAAP Operating Margin 16.2% 16.3% t
Slide 9: GAAP to Non-GAAP Reconciliation: Q1 FY26 Actuals
GAAP to Non-GAAP Reconciliation: Q1 FY26 Actuals (in $ millions) Three Months Ended June 30, 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 n
Slide 10: 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
Slide 11: Q2 FY26 Guidance
Q2 FY26 Guidance (in $ millions) Three Months Ending September 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 1,750 to 1,850 - - 50 Cost of revenue 430 to 450 (10) (5) - Op
Slide 12: Appendix
Appendix 01 Cash Flow Selected Data 02 Currency Assumptions 03 Constant Currency Reconciliation 04 Additional Disclosures 05 Non-GAAP Financial Measures 12
Slide 13: Cash Flow Selected Data
Cash Flow Selected Data (in $ millions) Actuals Q1 2026 Q1 2025 TTM Q1 2026 TTM Q1 2025 Operating Cash Flow 17 120 1,976 2,076 Capital Expenditures 72 67 226 221 Free Cash Flow (55) 53 1,750 1,855 Investing Cash Flow (89) (69) 17 (232) Financing Cash Flow (568) (546) (2,885) (1,688) Free cash flow i
Slide 14: Currency Assumptions
Currency Assumptions Current FX assumptions 1,2 Q1 2025 Q1 2026 Q2-Q4E 2026 EUR/USD 1.08 1.12 1.16 Net Bookings GBP/USD 1.26 1.32 1.36 USD/CAD 1.37 1.40 1.37 Operating Expenses USD/SEK 10.75 9.74 9.51 Rule of thumb If the U.S. dollar strengthens 10% against the Euro and British pound sterling: If th
Slide 15: 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% (88) +2% High 8,000 7,355 +9% (88) +8% Q2 2026 Q2 2025 Percentage Currency Percentage Change YoY
Slide 16: Constant Currency Reconciliation–Net Bookings (Q1)
Constant Currency Reconciliation–Net Bookings (Q1) (in $ millions) Q1 2026 Q1 2025 Percentage Q1 2026 Percentage Change YoY As Reported As Reported Change YoY Currency Impact Constant Currency Console 690 677 +2% (4) +1% PC & other 320 295 +8% 2 +9% Mobile 288 290 (1%) 1 (1%) Net Bookings 1,298 1,26
Slide 17: 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
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 no