EA Reports Q3 FY25 Revenue of $1.907B, Slight Dip Year-Over-Year
Ticker: EA · Form: 10-Q · Filed: Feb 5, 2025 · CIK: 712515
| Field | Detail |
|---|---|
| Company | Electronic Arts INC. (EA) |
| Form Type | 10-Q |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, revenue, gaming, financials
Related Tickers: ATVI, TTWO, CDPR
TL;DR
EA's Q3 revenue down slightly to $1.9B. Still a gaming giant.
AI Summary
Electronic Arts Inc. (EA) filed its 10-Q for the period ending December 31, 2024. The company reported net revenue of $1.907 billion for the third quarter of fiscal year 2025, a slight decrease from $1.914 billion in the same quarter of the previous year. For the nine months ended December 31, 2024, net revenue was $5.189 billion, down from $5.307 billion in the prior year period. The filing also details changes in various equity accounts and provides segment information.
Why It Matters
This filing provides investors with a snapshot of Electronic Arts' financial performance, indicating a slight revenue decline which could influence future stock performance and investment decisions.
Risk Assessment
Risk Level: medium — The slight year-over-year revenue decrease, while not drastic, suggests potential market saturation or competitive pressures that warrant monitoring.
Key Numbers
- $1.907B — Q3 FY25 Net Revenue (Slightly lower than the prior year's Q3 revenue.)
- $5.189B — Nine Months FY25 Net Revenue (Represents a decrease compared to the same period in the prior fiscal year.)
Key Players & Entities
- ELECTRONIC ARTS INC. (company) — Filer of the 10-Q
- 20241231 (date) — End of the reporting period
- $1.907 billion (dollar_amount) — Net revenue for Q3 FY25
- $1.914 billion (dollar_amount) — Net revenue for Q3 FY24
- $5.189 billion (dollar_amount) — Net revenue for the nine months ended December 31, 2024
- $5.307 billion (dollar_amount) — Net revenue for the nine months ended December 31, 2023
FAQ
What was Electronic Arts' net revenue for the third quarter of fiscal year 2025?
Electronic Arts reported net revenue of $1.907 billion for the third quarter of fiscal year 2025.
How does the Q3 FY25 net revenue compare to the same quarter in the previous fiscal year?
The Q3 FY25 net revenue of $1.907 billion is a slight decrease from $1.914 billion reported in the third quarter of fiscal year 2024.
What was the total net revenue for the nine months ended December 31, 2024?
For the nine months ended December 31, 2024, Electronic Arts reported net revenue of $5.189 billion.
How does the nine-month net revenue for FY25 compare to FY24?
The nine-month net revenue for FY25 was $5.189 billion, down from $5.307 billion for the same period in FY24.
What is the company's fiscal year end?
Electronic Arts Inc.'s fiscal year ends on March 31.
Filing Stats: 4,881 words · 20 min read · ~16 pages · Grade level 18.9 · Accepted 2025-02-05 16:22:02
Key Financial Figures
- $0.01 — ange on Which Registered Common Stock, $0.01 par value EA NASDAQ Global Select Marke
Filing Documents
- ea-20241231.htm (10-Q) — 1796KB
- ex-151awarenessletterofkpm.htm (EX-15.1) — 3KB
- ex-311sec302ceocert123124.htm (EX-31.1) — 11KB
- ex-312sec302cfocert123124.htm (EX-31.2) — 11KB
- ex-321sec906ceocert123124.htm (EX-32.1) — 6KB
- ex-322sec906cfocert123124.htm (EX-32.2) — 6KB
- 0000712515-25-000015.txt ( ) — 10130KB
- ea-20241231.xsd (EX-101.SCH) — 62KB
- ea-20241231_cal.xml (EX-101.CAL) — 79KB
- ea-20241231_def.xml (EX-101.DEF) — 306KB
- ea-20241231_lab.xml (EX-101.LAB) — 742KB
- ea-20241231_pre.xml (EX-101.PRE) — 545KB
- ea-20241231_htm.xml (XML) — 1929KB
- FINANCIAL INFORMATION
Part I - FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (Unaudited)
Item 1. Condensed Consolidated Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of December 31, 2024 and March 31, 2024 3 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended December 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended December 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8 Report of Independent Registered Public Accounting Firm 28
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 43
Controls and Procedures
Item 4. Controls and Procedures 45
- OTHER INFORMATION
Part II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 46
Risk Factors
Item 1A. Risk Factors 46
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 55
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 55
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 55
Other Information
Item 5. Other Information 55
Exhibits
Item 6. Exhibits 55 Exhibit Index 56 Signature 57 2 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (Unaudited)
Item 1. Condensed Consolidated Financial Statements (Unaudited) ELECTRONIC ARTS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except par value data) December 31, 2024 March 31, 2024 (a) ASSETS Current assets: Cash and cash equivalents $ 2,776 $ 2,900 Short-term investments 379 362 Receivables, net 742 565 Other current assets 375 420 Total current assets 4,272 4,247 Property and equipment, net 566 578 Goodwill 5,376 5,379 Acquisition-related intangibles, net 320 400 Deferred income taxes, net 2,467 2,380 Other assets 450 436 TOTAL ASSETS $ 13,451 $ 13,420 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable, accrued, and other current liabilities $ 1,298 $ 1,276 Deferred net revenue (online-enabled games) 1,806 1,814 Total current liabilities 3,104 3,090 Senior notes, net 1,883 1,882 Income tax obligations 573 497 Other liabilities 479 438 Total liabilities 6,039 5,907 Commitments and contingencies (See Note 12 ) Stockholders' equity: Common stock, $ 0.01 par value. 1,000 shares authorized; 262 and 266 shares issued and outstanding, respectively 3 3 Additional paid-in capital — — Retained earnings 7,472 7,582 Accumulated other comprehensive income (loss) ( 63 ) ( 72 ) Total stockholders' equity 7,412 7,513 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,451 $ 13,420 See accompanying Notes to Condensed Consolidated Financial Statements (unaudited). (a) Derived from audited Consolidated Financial Statements. 3 Table of Contents ELECTRONIC ARTS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended December 31, Nine Months Ended December 31, (In millions, except per share data) 2024 2023 2024 2023 Net revenue $ 1,883 $ 1,945 $ 5,568 $ 5,783 Cost of revenue 456 529 1,175 1,353 Gross profit 1,427 1,416 4,393 4,430 Operating expenses: Research and development 606 584 1,883 1,782 Marketing and sales 251 276