Connect with us

News

EA still No.1 Publisher for Xbox One and Playstation 4 games after releasing latest financial reports

Electronic Arts have posted its financial results for the second fiscal quarter, with the three month long period ending on September 30 2015. The report shows positive results while the publisher states that results exceeded their expectations, that they were excited for the rest of the fiscal year with Battlefront and Need For Speed due for launch soon. EA also delivered a record trailing twelve month Digital Non-GAAP Revenue of $2.3 billion.

EA FINANCE

EA FINANCE1

Chief Executive Officer Andrew Wilson released the following statement regarding the report:

“It’s been a great quarter. Our EA SPORTS titles are connecting millions of passionate fans around the world to each other and the sports they love, we have new mobile experiences for our players, and deeply-engaged communities in our live services, With Star Wars Battlefront launching in less than three weeks, and a stunning new Need for Speed just days away, we’re excited for the holiday season and the remainder of the fiscal year for Electronic Arts.”

Chief Financial Officer Blake Jorgensen also commented:

“Results exceeded our expectations again, Based on the ongoing strength of our business and reception of Star Wars Battlefront, we are raising our full-year outlook for the second time. Our markets are very healthy, the digital transition continues to drive margins, and engagement in our live services and excitement for our upcoming launches is exceptional.”

Selected Operating Highlights:

  • EA is the #1 publisher on PlayStation 4 and Xbox One consoles in the Western World calendar year to date and for Q2 FY16, led by the strength of the EA SPORTS™ FIFA and Madden NFL franchises.
  • Across our annual EA SPORTS franchises that launched new titles in Q2 – Madden NFL 16, NHL 16 and FIFA 16 – monthly average players increased 30% year-over-year.
  • Star Wars™: The Old Republic™ subscribers increased 33% since the announcement of the latest expansion at E3, Knights of the Fallen Empire.
  • EA’s live services for Battlefield™ Hardline and Battlefield 4™ continue to engage players with more than 6 million monthly average players across the two experiences.
  • Game sessions for Madden NFL Mobile are up more than 300% over last year.
  • Over 9.5 million players joined the Star Wars™ Battlefront™ open beta, the largest beta in EA’s history. The game will launch worldwide starting November 17, 2015.

Electronic Arts also released a revenue breakdown by platform, although they group different generation consoles together IE; Playstation 4 with Xbox One and Playstation 3 with the Xbox 360. 

EA 3

EA Fiscal Year 2016 Expectations, Ending March 31, 2016

  • GAAP net revenue is expected to be approximately $4.400 billion.
  • Non-GAAP net revenue is expected to be approximately $4.500 billion.
  • GAAP diluted earnings per share is expected to be approximately $2.32.
  • Non-GAAP diluted earnings per share is expected to be approximately $3.00.
  • The Company estimates a share count of 334 million for purposes of calculating fiscal year 2016 GAAP diluted earnings per share and 327 million for purposes of calculating fiscal year 2016 non-GAAP diluted earnings per share. Non-GAAP shares used for computing diluted earnings per share differs from GAAP due to the inclusion of the anti-dilutive effect of the Convertible Bond Hedge.
  • Expected non-GAAP net income excludes the impact of the following items (estimate in millions) from expected GAAP net income:
  • Acquisition-related expenses $ 56
  • Amortization of debt discount and loss on conversion 26
  • Change in deferred net revenue (online-enabled games) 100
  • Stock-based compensation 180
  • Income tax adjustments (157 )
  • Expected Impact on Non-GAAP Net Income (net) $ 205 

Third Quarter Fiscal Year 2016 Expectations – Ending December 31, 2015

  • GAAP net revenue is expected to be approximately $1.075 billion.
  • Non-GAAP net revenue is expected to be approximately $1.775 billion.
  • GAAP diluted loss per share is expected to be approximately ($0.17).
  • Non-GAAP diluted earnings per share is expected to be approximately $1.75.
  • The Company estimates a share count of 312 million for purposes of calculating third quarter fiscal year 2016 GAAP diluted loss per share, and 327 million for non-GAAP diluted earnings per share.
  • Non-GAAP shares used for computing diluted earnings per share includes potentially dilutive equity instruments and the anti-dilutive effect of the Convertible Bond Hedge.
  • Expected non-GAAP net income excludes the impact of the following items (estimate in millions) from expected GAAP net loss:
  • Acquisition-related expenses $ 14
  • Amortization of debt discount and loss on conversion 6
  • Change in deferred net revenue (online-enabled games) 700
  • Stock-based compensation 45
  • Income tax adjustments (141 )
  • Expected Impact on Non-GAAP Net Income (net) $ 624

Continue Reading
You may also like...
Profile photo of Daniel Pitt

Dan has been gaming for nearly 30 years and has survived everything from Nuclear Fallouts to Zombie Outbreaks but his main love is Survival Horror and don't we all know it. Favourite games include Resident Evil and Grand Theft Auto, he can be regularly found cruising the streets of Vice City listening to the classics.

Comments

More in News

TRENDING RIGHT NOW

NEWS

To Top