Electronic Arts (EA) Q4 Revenues Beat; Guides FY20 Revs Above Views

Electronic Arts (NASDAQ: EA) reported Q4 EPS of $0.69, which may not comapre to the analyst estimate of $0.98. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.2 billion.

“FY20 will be a year of continued growth for our industry, and we’re excited to bring more great entertainment to the expanding audience around the world,” said CEO Andrew Wilson. “Players are engaging with games in more ways than ever before. We’re committed to meeting them where they are with a broad portfolio of amazing new games and live services, choice of engagement models including free-to-play and subscriptions, and new opportunities to play, compete and watch.”

“We ended our fiscal year with strong growth, driven by our live services business which continued to provide a very large, stable and profitable source of net bookings,” said COO and CFO Blake Jorgensen. “Looking ahead, we will bring games to an extraordinary variety of players in fiscal 2020 and deliver on our commitment to players with deep live services content for Ultimate Team, Apex Legends, The Sims 4, Anthem and Battlefield V.”

GUIDANCE:

Electronic Arts sees FY2020 EPS of $3.56, ex-$5 gain. Electronic Arts sees FY2020 revenue of $5.375 billion, versus the consensus of $5.16 billion.

For earnings history and earnings-related data on Electronic Arts (EA) click here.

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