Electronic Arts Q4 and FY22 Financial Results

Electronic Arts concluded its 2022 fiscal year with record financial performance, driven by robust engagement across its live services portfolio and a growing global player base. The company reported net bookings of $7.515 billion for the fiscal year, representing a 21% increase over the previous year. This growth was underpinned by a 16% expansion of the EA player network, which reached over 580 million unique active accounts. Live services remained the primary engine of the business, accounting for 71% of total net bookings for the fiscal year and 85% of net bookings in the fourth quarter.

Key operational highlights include significant growth in the EA SPORTS FIFA franchise, which surpassed 150 million accounts, and record-breaking engagement for Apex Legends during its twelfth season. Mobile gaming also demonstrated strong momentum, with FIFA Mobile achieving its most successful quarter to date, marked by an 80% year-over-year surge in new unique players. Additionally, the company maintained a disciplined capital allocation strategy, returning value to shareholders through $1.3 billion in share repurchases and $193 million in cash dividends throughout the fiscal year.

The company maintains a positive outlook for fiscal year 2023, projecting net bookings between $7.9 billion and $8.1 billion. Management intends to continue prioritizing investments in its core intellectual property, live services, and technological infrastructure to sustain long-term growth. While the company faces inherent risks related to market competition, consumer demand for hardware, and geopolitical conditions, it remains focused on leveraging its diverse portfolio of high-quality brands to drive continued innovation and player engagement across console, mobile, and PC platforms.