Electronic Arts (EA) Q2 2024 Earnings Call Summary
Here are the specific viewpoints from earnings call:
Bullish Points:
1. Strong Q2 performance with results exceeding expectations across net bookings and EPS.
2. Growth in player network with healthy engagement driving strength in EA SPORTS portfolio.
3. Successful launches of EA SPORTS Madden NFL 24 and EA SPORTS FC 24.
4. Net bookings up 4% year-over-year.
5. Full game net bookings up 9% year-over-year.
6. Live services net bookings up 1% year-over-year.
7. Madden NFL 24 net bookings up 6% year-over-year.
8. Global football business net bookings grew 41% year-over-year.
9. Apex Legends delivered net bookings above expectations.
10. GAAP earnings per share up 37% year-over-year.
Bearish Points:
1. Apex Legends down on a year-over-year basis.
2. Operating amid a highly competitive market and a varying macro backdrop.
3. FX continues to remain volatile, expecting a two-point headwind to net bookings and six-point headwind to underlying profitability net as relative to last year.
4. Softness in European market.
For more information about Electronic Arts(EA)'s earnings call, you can read the relevant news: Electronic Arts (EA) Q2 2024 Earnings Call Transcript
Comments
EA will soon be bought out by either MSFT or SONY. And if not, still a solid growth play. Easily hitting 200 by EOY 2024
Weekly $125 calls will be printing tomorrow. Higher we go.
do you think this could go to $75 a share ? I hope not
EA will sell the sport games to Comcast and sell the non-sport games to Tencent or Amazon
Stock will never get pass $145...
Great earnings report! Future looks very bright! I bought today.