Financial

Electronic Arts Inc. Q3 FY24 Results

30 January 202417 pages2,443 words

Summary

Electronic Arts presented its third‑quarter fiscal‑2024 financial results and outlook, emphasizing continued growth in live‑service revenue and a robust pipeline of upcoming titles. Net bookings for the quarter reached $2.37 billion, a modest 1 percent increase year‑over‑year, while trailing‑twelve‑month bookings rose 8 percent to $7.25 billion, driven primarily by a 5 percent rise in live‑service net bookings to $1.71 billion. Full‑game bookings declined 5 percent to $654 million, reflecting a shift toward service‑based monetisation. Platform‑level performance showed console bookings up 2 percent to $1.61 billion, mobile up 1 percent to $307 million, and PC/other down 2 percent to $453 million. Operating cash flow improved to $1.26 billion for the quarter, and free cash flow increased to $1.21 billion, surpassing the prior‑year figures of $1.12 billion and $1.08 billion respectively. Capital expenditures remained modest at $52 million. The company disclosed a $70

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Electronic Arts Inc. Q3 FY24 Results

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