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EA Beats Expectations, Nudges Guidance Up

Electronic Arts beat Wall Street’s expectations again in the most recent quarter, delivering $1.22 billion in non-GAAP net revenue versus an expected $1.16 billion, and earnings per share of 73 cents, 20 cents ahead of expectations. EA raised its guidance for the full year to $4.175 billion, up $75 million, which briefly sent shares up four percent after hours. It was EA’s best quarter to date for PlayStation 4 and Xbox One revenue, at $434 million, but non-GAAP revenue from the previous generation of consoles fell 46 percent year over year. Mobile and PC revenue climbed 14 percent and 33 percent, respectively.

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