Electronic Arts still the No.1 publisher for PS4/Xbox One as Star Wars Battlefront sells over 13m copies

Electronic Arts Inc have today announced their preliminary financial results for its third fiscal quarter which covers a period from October 1st – December 31, 2015. As a company Electronic Arts recorded a Non-GAAP quarterly revenue of 1.8 billion dollars, a Non-GAAP net income of 596 million dollars and a GAAP net loss of 45 million dollars.

Below are the full results:

eaSelected Operating Highlights and Metrics:

  • EA are the #1 publisher on PlayStation 4 and Xbox One consoles in the Western World for calendar year 2015 based on available sources and EA estimates.
  • Madden NFL 16 was the #1 sports title in the U.S. and FIFA 16 was the #1 title across all genres in Europe for calendar year 2015.
  • The return of Need for Speed™ drew more than twice as many monthly active players in Q3 than the previous game.
  • Players logged more than 150 million hours of gameplay across Battlefield 4™ and Battlefield™ Hardline in Q3.
  • In Q3, STAR WARS™: The Old Republic grew to its highest subscriber level in nearly three years.
  • Madden NFL Mobile monthly active players were up nearly 50% year-over-year in Q3.

Selected Financial Highlights:

  • For the quarter, non-GAAP net revenue of $1.803 billion was above guidance of $1.775 billion. Diluted non-GAAP EPS of $1.83 was above guidance of $1.75. And operating cash flow of $889 million was a record for any quarter in EA history.
  • STAR WARS™ Battlefront surpassed EA’s fiscal year guidance of 13 million units sold-in.
  • Non-GAAP net revenue for EA’s FIFA, Madden NFL and Hockey Ultimate Team™ live services continue to perform well in Q3, collectively up 13% year-over-year and up 22% on a constant currency basis.
  • EA repurchased 1.8 million shares in Q3 for $126 million.
  • On a trailing twelve month basis, EA had non-GAAP net revenue of $4.538 billion (of which a record $2.421 billion was digital), non-GAAP net income of $982 million and operating cash flow of $1.025 billion.
  • EA increased fiscal 2016 non-GAAP net revenue guidance to $4.517 billion and diluted non-GAAP EPS guidance to $3.04 per share. This is an increase from our previous guidance of $4.500 billion and $3.00, respectively.

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Fourth Quarter Fiscal Year 2016 Expectations – Ending March 31, 2016

  • GAAP net revenue is expected to be approximately $1.275 billion.
  • Non-GAAP net revenue is expected to be approximately $875 million.
  • GAAP diluted earnings per share is expected to be approximately $1.46.
  • Non-GAAP diluted earnings per share is expected to be approximately $0.40.
  • The Company estimates a share count of 330 million for purposes of calculating fourth quarter fiscal year 2016 GAAP diluted earnings per share, and 325 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 income:

    Acquisition-related expenses $ 15
    Amortization of debt discount and loss on conversion 5
    Change in deferred net revenue (online-enabled games) (400 )
    Stock-based compensation 49
    Income tax adjustments (22 )
    Expected Impact on Non-GAAP Net Income (net) $ (353 )

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Q1 of 2016 will see both Unravel and Plants Vs Zombies Garden Warfare 2 launch for the Xbox One and PlayStation 4.

About Daniel Pitt

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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.

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