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Electronic Arts Fiscal Q2 EPS Falls, Net Revenue Increases; Q3 Outlook Set
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Electronic Arts Fiscal Q2 EPS Falls, Net Revenue Increases; Q3 Outlook Set
Nov 3, 2024 2:26 PM

05:06 PM EDT, 10/29/2024 (MT Newswires) -- Electronic Arts ( EA ) reported fiscal Q2 earnings Tuesday of $1.11 per diluted share, down from $1.47 a year earlier.

Analysts polled by Capital IQ expected $0.89.

Net revenue for the quarter ended Sept. 30 was $2.03 billion, up from $1.91 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.03 billion.

The company said it expects fiscal Q3 diluted EPS between $0.85 and $1.02 and net revenue between $1.88 billion and $2.03 billion.

Analysts polled by Capital IQ expect $1.38 and $2.53 billion.

The company expects fiscal 2025 diluted EPS between $3.82 and $4.33 and net revenue between $7.40 billion and $7.70 billion.

The previous guidance was EPS between $3.34 and $4.00 and revenue between $7.1 billion and $7.5 billion.

Analysts surveyed by Capital IQ expect $4.11 and $7.59 billion.

The company maintained a quarterly dividend of $0.19 per share, payable on Dec. 18 to shareholders on Nov. 27.

Shares of Electronic Arts ( EA ) were up 1.3% in after-hours trading.

Price: 147.53, Change: +1.91, Percent Change: +1.31

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