Electronic Arts reports Q1 EPS $1.47, consensus $1.02

Reports Q1 revenue $1.92B, consensus $1.59B. Net bookings for Q1 was $1.578B, up 21% year-over-year. Live services and other net bookings for Q1 was $1.177B, up 4% year-over-year and represented 75% of total net bookings. The company said, “EA delivered a record Q1, driven by strong momentum in EA SPORTS global football and Star Wars Jedi: Survivor. Our exceptional teams are creating innovative entertainment experiences across our multi-year pipeline, starting with the highly anticipated, culture defining titles Madden NFL 24 and EA SPORTS FC 24. We had a strong start to the fiscal year, with net bookings growth of 21% year over year, highlighted by new releases, continued live services growth, healthy engagement, and new player acquisition. Looking ahead, our teams remain focused on delivering long-term growth and profitability.”