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2025-01-23 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >
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Shulou(Shulou.com)11/24 Report--
According to the news in the morning of November 2, Beijing time, EA today announced the company's financial results for the second quarter of fiscal year 2023.
EA's total net revenue in the second quarter was $1.904 billion, compared with $1.826 billion a year earlier, up 4 per cent from a year earlier, according to the report, while net bookings (net bookings) were $1.754 billion, compared with $1.851 billion in the same period a year earlier, and net profit was $299 million, compared with $294 million a year earlier, up 2 per cent.
EA's second-quarter net bookings and diluted earnings per share fell short of Wall Street analysts' expectations, and its outlook for the third quarter and full year of fiscal 2023 fell short of expectations. Shares in Yi Dian fell less than 1% after the announcement of the results.
Summary of results for the second quarter: in the quarter ended September 30, EA's net profit was $299 million, compared with $294 million a year earlier, up 2% from a year earlier; diluted earnings per share were $1.07, compared with $1.02 a year earlier. The performance fell short of analysts' expectations. On average, 25 analysts expected EA to earn $1.37 a share in the second quarter, according to data provided by Yahoo Finance.
EA's second-quarter net bookings were $1.754 billion, compared with $1.851 billion a year earlier, which fell short of expectations. On average, 23 analysts expected EA's second-quarter net bookings to reach $1.8 billion, according to data provided by Yahoo Finance.
EA's total net revenue in the second quarter was $1.904 billion, compared with $1.826 billion a year earlier, up 4 per cent from a year earlier.
By business unit:
-EA's revenue from its full games business was $602 million in the second quarter, compared with $617 million a year earlier, down 2 per cent from a year earlier. Of this total, revenue from the full game download business was $328 million, down 3 per cent from $337 million in the same period last year, while revenue from the packaged goods business was $274 million, down 2 per cent from $280 million a year earlier. EA's revenue from the full games business accounted for 32 per cent of total net revenue in the second quarter, compared with 34 per cent a year earlier.
-EA's revenue from live streaming services and other businesses was $1.302 billion in the second quarter, compared with $1.209 billion a year earlier, up 8 per cent from a year earlier. EA's revenue from live broadcast services and other businesses accounted for 68% of total net revenue in the second quarter, compared with 66% in the same period a year earlier.
By platform:-EA's revenue from console platforms was $1.161 billion in the second quarter, down 3 per cent from $1.198 billion a year earlier.
-EA's second-quarter revenue from PC and other platforms was $423 million, up 12% from $377 million a year earlier.
-EA's revenue from mobile in the second quarter was $320 million, up 27% from $251 million a year earlier.
EA's second-quarter gross profit was $1.442 billion, compared with $1.332 billion a year earlier, up 8 per cent from a year earlier; gross profit accounted for 76 per cent of net revenue, or gross margin, compared with 73 per cent a year earlier.
EA's second-quarter revenue cost was $462 million, compared with $494 million a year earlier.
EA's second-quarter operating profit was $427 million, compared with $340 million a year earlier, up 26% from a year earlier. Operating profit accounted for 22% of net revenue, or operating margin, compared with 19% a year earlier.
EA's total operating expenses in the second quarter were $1.015 billion, compared with $992 million a year earlier. Of this total, R & D expenditure was $565 million, compared with $553 million in the same period last year; marketing and sales expenses were $233 million, compared with $233 million in the same period last year; general and administrative expenses were $174 million, compared with $176 million in the same period last year; and amortization of intangible assets was $43 million, compared with $3000 in the same period last year.
EA's cash flow for business operations in the second quarter was $112 million, compared with $64 million from business operations in the same period last year. Over the past 12 months, EA's net cash from business operations was $1.788 billion, compared with $1.416 billion in the same period last year.
In the second quarter, EA bought back 2.6 million shares, with a total of $325 million; in the past 12 months, EA bought a total of 1000 million shares, with a total of $1.295 billion. In the second quarter, EA paid a cash dividend of $0.19 per share, with a total expense of $53 million.
EA has announced a cash dividend of $0.19 per share, which will be paid on December 21, 2022 to shareholders of record as of the end of business hours on November 30, 2022.
Operating highlights of the second quarter: EA's net bookings reached $7.381 billion in the past 12 months, up 4 per cent from a year earlier.
Over the past 12 months, net bookings for EA's live streaming service and other businesses have increased by 7 per cent year-on-year, accounting for 73 per cent of the total net bookings.
By the end of the second quarter, the number of active accounts in EA's player network had grown to more than 600 million.
Performance outlook: EA expects net revenue of between $1.825 billion and $1.925 billion in the third quarter of fiscal year 2023 ending December 31, 2022, of which the change in deferred net revenue is expected to be about $600 million; net profit is expected to reach between $120 million and $164 million Diluted earnings per share are expected to be between 43 and 59 cents per share, below expectations, while net bookings are expected to be between $2.425 billion and $2.525 billion, below expectations.
According to data provided by Yahoo Finance, 22 analysts had expected EA's third-quarter net bookings to reach $2.6 billion, while 25 analysts had expected EA's third-quarter earnings per share to reach $3.01.
EA also expects revenue costs of $560 million to $580 million and operating expenses of $1.08 billion to $1.09 billion in the third quarter of fiscal 2023.
Outlook for fiscal year 2023: EA expects net revenue for fiscal year 2023 to reach between $7.55 billion and $7.75 billion, of which deferred net revenue is expected to be about $100 million; net profit is expected to reach between $871 million and $934 million; diluted earnings per share are expected to reach between $3.11 and $3.34, less than expected Operating cash flow is expected to reach between $1.6 billion and $1.65 billion; net bookings are expected to reach between $7.65 billion and $7.85 billion, an increase of 2-4 per cent year-on-year, excluding exchange rate changes.
According to Yahoo Finance, 27 analysts had on average expected EA's net bookings to reach $7.97 billion in fiscal 2023, while 29 analysts had expected EA's earnings per share to reach $7.17 in fiscal 2023.
EA also expects revenue costs of $1.845 billion to $1.89 billion and operating expenses of $4.245 billion to $4.295 billion in fiscal 2023.
Share price movements: on the day, EA shares rose 31 cents, or 0.25%, to close at $126.27 in regular Nasdaq trading. EA shares fell 15 cents, or 0.12 percent, to $126.12 in after-hours trading as of 05:59 EDT on Tuesday (05:59 Beijing time). Over the past 52 weeks, EA has priced as high as $146.72 and as low as $109.24.
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