EA bookings hit $1.751B for March 31 quarter
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Electronic Arts reported earnings today for the fourth fiscal quarter ended March 31, as the game publisher saw good engagement for live services with its existing games and good user growth.
EA was expected to hit non-GAAP earnings per share of $1.43 on revenues of $1.77 billion. For the first fiscal quarter ending June 30, analysts expect EA to report earnings of 87 cents a share on revenues of $1.45 billion.
Net bookings for the fourth fiscal quarter ended March 31 were $1.751 billion, compared to $1.490 billion a year ago.
The Redwood City, California-based video game giant reported fourth fiscal quarter GAAP net income of $225 million, or 80 cents a share, on revenues of $1.825 billion, compared with net income of $76 million, or 26 cents a share, on revenue of $1.346 billion a year ago.
In after-hours trading, the stock is down 1% to $110.62 a share.
EA’s stock price determines its value in the market, and it has to be wary about letting that slip, as Microsoft acquired Activision Blizzard for $68.7 billion after Activision Blizzard’s stock price slipped last fall. EA doesn’t want to get scooped up as a bargain basement deal because it missed a quarter or had one bad game. Most public game company stocks have been beaten down in recent months.
Bookings reflect actual cash coming into the company, while revenues don’t include numbers that are yet to be realized, such as virtual goods that have been purchased but not used yet in games.
For the full fiscal year ended March 31, EA reported net bookings of $7.515 billion, up from 21% from the prior year. Live services and other net bookings were up 17% from the year
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