Fri, Oct. 30, 3:18 PM
- Electronic Arts (NASDAQ:EA) has slipped 5% today -- despite a solid quarter for fiscal Q2 where it beat expectations and raised both full-year guidance and sales expectations for its flagship holiday release, Star Wars: Battlefront, not to mention analysts boosting price targets today. What gives?
- For one thing, the stock was at a 52-week high yesterday and some profit takers may be taking advantage of results baked into the stock price. The stock gained 7.1% over the past month.
- And despite holiday sales the coming quarter isn't the easiest one for owners of videogame makers, who face cannibalization from hardware sales, Cowen's Doug Creutz says: "We remain mindful that the November-January seasonal window has historically been a poor time to own the group, and do believe there is a possibility of a short-term pullback after the Star Wars launch."
- But even he goes on to say "However, with both Battlefield 5 and Titanfall 2 likely on the docket for FY17, as well as another potential Star Wars title, we believe the company can continue its robust growth trajectory."
- EA expects Battlefront to move 13M units in the rest of the fiscal year (until March), up from a previous forecast of 9M-10M.
- The stock's trading now at $72.27. Mizuho raised its price target to $84, from $75, implying 16.2% upside, and MKM raised its target to $84, from $82.
- Previously: EA -2.6% after solid fiscal Q2 beat, raised guidance (Oct. 29 2015)
Thu, Oct. 29, 4:13 PM
- Electronic Arts (NASDAQ:EA) jumped briefly but are now down 2.6% in postmarket trading following a solid beat in its fiscal second quarter during which it bumped its full-year guidance yet again.
- Net revenues for live services including FIFA, Madden NFL and Hockey Ultimate Team are up 64% Y/Y combined. For the trailing 12 months, non-GAAP net revenue hit $4.163B (a record $2.307B in digital).
- Expectations are high for the holiday quarter, which will feature Star Wars: Battlefront. The company raised guidance for non-GAAP net revenue of $1.775B (high of an expected $1.75B) and EPS of $1.75 vs. an expected $1.73.
- For the fiscal year, the company sees non-GAAP net revenues of $4.5B (vs. expected $4.54B), and EPS of $3.00 (higher than an expected $2.96).
- Conference call to come at 5 p.m. ET.
- Press release
Thu, Oct. 29, 4:04 PM
Wed, Oct. 28, 5:35 PM
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Thu, Jul. 30, 4:28 PM
- Electronic Arts (NASDAQ:EA) is off 4% now in after-hours trade following a strong quarter where it raised full-year guidance and beat expectations on top and bottom lines despite revenues that slipped more than 10% from last year.
- Revenue breakout: Total non-GAAP net revenue of $693M was composed of digital net revenue of $532M (up 10.3%) and packaged goods and other revenue of $161M (down 45%). On a GAAP basis, digital net revenue of $623M and packaged goods and other revenue of $580M came to GAAP revenue of $1.2B, down about 1%.
- Monthly active users averaged more than 150M for the quarter. The company noted that during E3 week, EA titles earned 132 awards and trailers, gameplay and livestreams were viewed more than 53M times.
- The company guided for full fiscal year (ending March 31, 2016) non-GAAP net revenues of $4.45B and EPS of $2.85, up from $2.75. For its fiscal Q2, the company sees revenue of $1.075B (light of an expected $1.12B) and EPS of $0.40 vs. an expected $0.66.
- Conference call to come at 5 p.m. ET.
- Press Release
Thu, Jul. 30, 4:04 PM
Wed, Jul. 29, 5:35 PM
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Tue, May 5, 4:22 PM
- Electronic Arts (NASDAQ:EA) is up 4.4% after hours, following a fiscal Q4 report where it beat expectations for revenue and earnings and finished a record year for net revenue and operating cash flow.
- EA says it reached a three-year goal to double operating margins to 20% a year ahead of schedule.
- Non-GAAP revenue by segment: Digital net revenue, $602M (up 9.5%); Packaged Goods and Other net revenue, $294M (down 19.2%).
- EA noted that during its fiscal year it was the top publisher on PlayStation 4 and Xbox One consoles, on the back of Battlefield: Hardline (30M game sessions in Q4), Dragon Age: Inquisition (200M hours played in total) and other games including Madden NFL 15 and FIFA 15.
- The company authorized a new $1B repurchase program for the next two years.
- Conference call at 5 p.m. ET.
- Press Release
Tue, May 5, 4:06 PM
Mon, May 4, 5:35 PM
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Tue, Jan. 27, 6:28 PM
- Electronic Arts (NASDAQ:EA) is guiding for FQ4 revenue of $830M and EPS of $0.22, below a consensus of $911.6M and $0.26. However, the huge beat posted for EA's seasonally biggest quarter is taking priority.
- EA's packaged goods/other revenue (traditional game sales) fell 31% Y/Y in FQ3 to $755M. But full game download revenue rose 22% to $140M, extra content revenue 47% to $314M, and subscriptions/ad/other revenue 52% to $100M. Mobile revenue grew 13% to $139M.
- Also boosting EPS: Sales/marketing spend fell 21% to $169M. R&D spend rose 3% to $283M. $97M was spent on buybacks.
- Xbox One/PS4 revenue rose 51% to $593M. Xbox 360/PS3 revenue fell 42% to $412M. International markets accounted for 58% of sales.
- FQ3 results, PR
Tue, Jan. 27, 4:05 PM
Mon, Jan. 26, 5:35 PM
Tue, Jan. 6, 10:29 PM
Oct. 28, 2014, 4:32 PM| Oct. 28, 2014, 4:32 PM | Comment!
Oct. 28, 2014, 4:06 PM
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