Electronic Arts Q2 FY26 Earnings Results

Key insights

7 takeaways

01
Electronic Arts has entered a definitive agreement to be acquired by an investor consortium led by The Public Investment Fund, Silver Lake Group, and Affinity Partners in an all-cash deal valued at approximately $55 billion.See it on page 3
02
Net bookings for Q2 FY26 fell 13% year-over-year to $1.818 billion, primarily due to the strong performance of College Football 25 in the prior-year period.See it on page 1
03
Net income for the quarter dropped to $137 million, down from $294 million in the same period last year, on net revenue of $1.839 billion.See it on page 2
04
Live services and other revenue accounted for 66% of total net revenue, while full game sales comprised the remaining 34%.See it on page 9
05
Despite the overall decline, Madden NFL 26 and Apex Legends achieved year-over-year growth in net bookings.See it on page 1
06
The company repurchased 2.3 million shares for $375 million during the quarter.See it on page 2
07
Due to the pending acquisition, Electronic Arts has suspended all forward-looking guidance and canceled its quarterly earnings conference call.See it on page 3

Summary

Electronic Arts reported financial results for the second fiscal quarter ending September 30, 2025, characterized by a 13% year-over-year decline in net bookings to $1.818 billion. This decrease was primarily attributed to the exceptionally strong performance of College Football 25 in the prior-year period. Despite the overall decline, the company achieved growth in key titles, with Madden NFL 26 and Apex Legends both reporting year-over-year net bookings increases. Net revenue for the quarter reached $1.839 billion, while net income totaled $137 million, down from $294 million in the same period last year.

The company’s operating performance reflected a shift in revenue composition, with live services and other revenue accounting for 66% of total net revenue, while full game sales represented 34%. Operating cash flow for the quarter was $130 million, and the company continued its capital allocation strategy by repurchasing 2.3 million shares for $375 million. The results highlight a strategic focus on community-driven experiences, supported by the recent launches of skate. and Battlefield 6.

A significant development during the quarter was the announcement on September 29, 2025, of a definitive agreement to be acquired by an investor consortium led by The Public Investment Fund, Silver Lake Group, and Affinity Partners. The all-cash transaction values the company at approximately $55 billion and remains subject to regulatory and stockholder approval. Due to this pending acquisition, Electronic Arts has suspended the provision of forward-looking guidance and will not host an earnings conference call for this quarter. The company continues to operate as a global leader in digital interactive entertainment, maintaining its focus on high-quality brands across console, PC, and mobile platforms.