EA reports its performance for the quarter ending in March, with net bookings (calculated from revenue minus expenses of online games) standing at a significant $1.666 billion, a 14% decrease compared to the same period in the previous year. Particularly, bookings for Live services and other items totaled $1.407 billion.
Total revenue figures reached $1.779 billion, a 5% decrease compared to the same quarter in the previous year, with a net profit of $182 million.
Stuart Canfield, EA’s CFO, highlighted the success of EA SPORTS FC, which has contributed to the company’s strong operational performance throughout the year, bolstering both net profit and cash flow. This success has instilled confidence in the company’s long-term cash flow and prompted the announcement of an increase in share buyback program.
Source: EA
TLDR: EA reports a decline in net bookings and revenue for the quarter, attributed to a decrease in Live services bookings. CFO Stuart Canfield emphasizes the success of EA SPORTS FC and announces an expanded share buyback program.
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