Article Resultados Resultados Financieros de Electronic Arts Inc (Q1 2026)

$EA (Electronic Arts Inc)

ELECTRONIC ARTS, INC. — Executive Summary of Results: Q1 FY2026
Period: Fiscal quarter ended June 30, 2025 | Reported: July 29, 2025
Current context: September 20, 2025

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Key Financial Results

Concept	Q1 FY2026	Q1 FY2025	YoY variation
Net Revenue	US$ 1.671 billion	US$ 1.66 billion	+ 0.7% approx.
Net Bookings	US$ 1.298 billion	US$ 1.262 billion	+ 3% approx.
GAAP Net Income	US$ 201 million	US$ 280 million	− 28% approx.
GAAP Diluted EPS	US$ 0.79	US$ 1.04	− 24% approx.
Operating Cash Flow	US$ 17 million	US$ 120 million	- sharp decline
Stock Repurchases Value	US$ 375 million	US$ 375 million	≈ stable

• Strengths:
• Net Bookings exceeded the quarter's high guidance range ($1.298B vs. guidance of $1.275B).
• The portfolio, especially the live service titles, EA SPORTS, Apex Legends, and catalog, performed well. :contentReference[oaicite:1]{index=1}

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Key Segments and Trends

Segment	YoY Performance
Full Game (“full games”)	+27% increase in net bookings for full games. :contentReference[oaicite:2]{index=2}
Live Services and others	- 1% slight decrease YoY. :contentReference[oaicite:3]{index=3}
By platform – Consoles	≈ stable or slight drop (consoles) YoY. :contentReference[oaicite:4]{index=4}
By platform – Mobile / PC	Moderate growth (especially mobile and other platforms). :contentReference[oaicite:5]{index=5}

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Other Indicators / Margins

Indicator	Q1 FY2026
GAAP Operating Margin	≈ 16.2 %
Non-GAAP Operating Margin	≈ 26.9 %
Free Cash Flow	≈ −US$ 55 million
Dividend per share	US$ 0.19
Share buyback	US$ 375 million

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Risks and Relevant Factors

• Decrease in operating cash flow compared to the previous year: relevant for assessing liquidity.
• Dependence on the performance of live services and sports titles: any drop in content acceptance impacts bookings.
• Strong competition in the digital and sports gaming market.
• Increasing marketing and operating costs, especially with upcoming launches.

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FY2026 Guidance/Outlook (Confirmed)

Concept	Estimated Range
Net Bookings FY2026	US$7.6 to US$8 trillion
Estimated Net Income FY2026	US$7.1 to US$7.5 billion
Estimated diluted EPS	US$ 3.09 a US$ 3.79
Estimated operating cash flow	≈ US$ 2.200 a US$ 2.400 millones

Note on the guide and strategic context
Electronic Arts kept its annual guidance unchanged, relying on its sports portfolio, live services, and upcoming releases like Battlefield 6, while seeking to generate shareholder returns via buybacks and dividends.

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Executive Conclusion

- EA managed to start FY2026 showing stability in net revenue, with growth in net bookings despite pressure in some segments such as live services.
- GAAP EPS fell year-over-year; operating cash flow also fell significantly, which is a cause for concern.
- Full-length and mobile sports titles performed well; deferred revenue effects remain significant.
- Annual guidance remains unchanged, suggesting the company's confidence in future launches and ability to generate expected revenue. [/B][/B][/B]

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Upcoming Key Milestones

• Q2 FY2026: Track releases like Madden NFL 26 and sports releases to see their impact on bookings.
• Operating cash flow assessment: whether it improves after this quarter.
• Revenue balance across platforms: mobile/PC growth vs. consoles.
• Monitoring operating and marketing costs, especially around the launch of Battlefield 6.

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The content of this analysis is for informational purposes only and does not constitute any investment recommendation.