Electronic Arts Inc. ( EA ) shares traded higher premarket on Wednesday after the company reported second-quarter results.

The company reported net revenue of $2.025 billion, missing the consensus of $2.037 billion. EPS of $1.11 exceeded the estimate of $0.88.

Net bookings reached $2.079 billion, a second-quarter record that surpassed the top end of the guidance range of $2.050 billion.

The company said that American Football is on pace to surpass $1 billion in net bookings for FY25, with playtime up over 140% year-over-year and more than double the number of new players joining the community.

Operating cash flow generated was $234 million for the quarter. As of September 30, cash and cash equivalents stood at $2.3 billion.

The company declared a quarterly dividend per share of $0.19, payable on December 18 to stockholders of record as of November 27.

During the quarter, EA repurchased 2.6 million shares for $375 million as part of its stock buyback program.

Outlook: For the third quarter, Electronic Arts ( EA ) expects third-quarter EPS of $0.85 – $1.02 (vs. estimate of $1.33) and revenue of ~$1.875 billion – $2.025 billion (vs. consensus of $2.508 billion).

For the full fiscal year, the company raised EPS guidance to $3.82 – $4.33 (from $3.34 – $4.00) vs. an estimate of $3.98 and revenue to $7.4 billion – $7.7 billion (from  $7.1 billion – $7.5 billion) vs consensus of $7.60 billion.

Also, the company projects net bookings of around $7.500 billion to $7.800 billion (vs. $7.3 billion – $7.7 billion prior).

In September, EA shared an in-depth look at the initiatives and experiences driving its strategic pillars to accelerate growth and outlined how AI drives efficiency, expansion and transformation at EA.

Investors can gain exposure to the stock via Roundhill Video Games ETF ( NERD ) and Global X Video Games & Esports ETF ( HERO ) .

Price Action: EA shares are up 1.24% at $147.43 premarket at the last check on Wednesday.

Read Next:

SAG-AFTRA Reaches Over 120 AI Agreements, Negotiations With Activision, EA, WB Come Next