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Electronic Arts Reports Q1 FY17 Financial Results

EAElectronic Arts announced preliminary financial results for its first fiscal quarter ended June 30, 2016.

“Q1 was a great quarter for Electronic Arts with amazing engagement in our global communities,” said Chief Executive Officer Andrew Wilson. “EA is leading our industry through innovation, with more of our biggest games powered by Frostbite, breakthrough EA SPORTS titles on console and mobile, and the unstoppable combination of Battlefield 1 and Titanfall 2coming this holiday. We’re looking forward to connecting more players around the world to each other through the games they love to play.”

“Our digital business drove this quarter, particularly outperformance from FIFA Ultimate Team on console and Star Wars: Galaxy of Heroes on mobile,” said Chief Financial Officer Blake Jorgensen. “This success along with the launch of NBA LIVE Mobile gives us great confidence in our ability to operate and add new live services through the year.”

News and ongoing updates regarding EA and our games are available on EA’s blog at www.ea.com/news.

Selected Operating Highlights and Metrics:

  • The Battlefield franchise, led by Battlefield 4, had more than 11.5 million unique players during Q1.
  • Star Wars Battlefront had more than 6.6 million unique players in Q1.
  • Madden NFL 16 unique players increased more than 20% year-over-year during Q1.
  • Madden NFL Mobile had 25% more monthly active players in Q1 over last year.
  • Star Wars: Galaxy of Heroes players averaged nearly 2.5 hours of gameplay per day in Q1.
  • EA titles shown at EA PLAY and E3 garnered 81 awards, including the Best Action Game for Battlefield 1 and Best Online Multiplayer for Titanfall 2 from the E3 Game Critics.
  • The EA Access subscriber base more than doubled year-over-year in Q1.

Selected Financial Highlights:

  • For the quarter, GAAP net revenue of $1.271 billion was above guidance of $1.250 billion. Of the total GAAP net revenue 54%, or $689 million, was digital. Diluted GAAP EPS of $1.40 was above guidance of $1.30.
  • For the quarter, change in deferred net revenue was ($589) million of which ($121) million was digital.
  • For the quarter, non-GAAP net revenue of $682 million was above guidance of $640 million. Of the total non-GAAP net revenue 83%, or $568 million, was digital. Diluted non-GAAP EPS of $0.07 was above guidance of ($0.05).
  • EA repurchased 1.9 million shares in Q1 for $129 million.

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