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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.

This article originally appeared on Recode.net.

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