EA expects to outpace market growth and drive
margin expansion through fiscal year 2027
Outlines strategy to double global audience to
well over a billion people over the next five years
Debuts EA SPORTS™ App focused on connected,
interactive entertainment beyond gaming
Electronic Arts (NASDAQ: EA) hosted its Investor Day event to
share EA’s long-term growth strategy and provided an in-depth look
at the initiatives driving its three strategic pillars -
entertaining and engaging massive online communities; creating
blockbuster interactive storytelling; and harnessing the power of
community to accelerate growth in, around, and beyond our
games.
“We are excited to unveil an in-depth look inside the growing
scale and scope of our IP portfolio, as we accelerate engagement
and social connection in and around our biggest franchises,” said
Andrew Wilson, CEO of EA. “We are also introducing new experiences
and leveraging innovative technology to serve our global
communities and attract new audiences, as we continue to transform
our business and shape the future of entertainment.”
“We are committed to growing our business at scale and expanding
operating margins through a disciplined approach to capital
allocation,” said Stuart Canfield, CFO of EA. “Our strategy gives
us confidence we can significantly outpace market growth through
fiscal 2027.”
Investor Day Highlights:
- EA shared an in-depth look at the initiatives and experiences
driving its strategic pillars to accelerate growth in, around, and
beyond gaming;
- Outlined how AI drives efficiency, expansion, and
transformation to accelerate its business;
- Expects sustained growth in EA SPORTS™ and shared its
aspiration to be the most valuable sports business;
- Announced a modern day next-level Battlefield™ experience, with
a community testing program coming in early 2025;
- Investing behind The Sims™ platform and expects to more than
double The Sims annual net bookings1 over the next five years;
announced partnership with Amazon MGM Studios on a movie based on
The Sims;
- Outlined plans to unlock net-new business opportunities beyond
gaming, starting with the EA SPORTS App - a socially-driven app,
with sports content, live sports data, interactivity and gaming
centered on global football;
- Updated that the company is on track towards the high end of
the net bookings1 guidance, provided on July 30, 2024, for the
second fiscal quarter ending September 30, 2024 and the fiscal year
ending March 31, 2025.
During the event, Andrew Wilson, Chief Executive Officer, shared
EA’s vision for shaping the future of entertainment and strategy to
build connected platforms that deliver more value and less friction
where fans can play, create, watch, and connect. Laura Miele,
President, EA Entertainment and Technology, detailed extraordinary,
owned IP, including some of the world’s most beloved blockbuster
franchises, as well as licensed IP through powerful collaborations.
Cam Weber, President, EA SPORTS, shared the company’s aspiration to
establish EA SPORTS as the most valuable sports business. David
Tinson, Chief Experiences Officer, provided an overview of
initiatives to engage and grow EA’s communities beyond the bounds
of games. Mihir Vaidya, Chief Strategy Officer, shared more about
the transformative potential the company sees in a future
super-charged by AI. Stuart Canfield, Chief Financial Officer,
provided EA’s financial framework for driving growth through the
company’s strategic pillars and delivering long-term value.
The Investor Day webcast and accompanying presentations are
available at EA’s IR Website at http://ir.ea.com.
Forward-Looking Statements
During the course of the presentation, Electronic Arts may make
forward-looking statements regarding future events and the future
financial performance of the company that are subject to change.
Statements including words such as “anticipate,” “believe,”
“expect,” “intend,” “estimate,” “plan,” “predict,” “seek,” “goal,”
“will,” “may,” “likely,” “should,” “could” (and the negative of any
of these terms), “future” and similar expressions also identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance and reflect management’s
current expectations. Our actual results could differ materially
from those discussed in the forward-looking statements. Factors
that might cause or contribute to such differences include those
discussed in Electronic Arts’ latest Quarterly Report on Form 10-Q
for the fiscal quarter ended June 30, 2024, under the heading “Risk
Factors”, as well as in other documents we have filed with the
Securities and Exchange Commission, including Electronic Arts’
Annual Report on Form 10-K for the fiscal year ended March 31,
2024. We assume no obligation to revise or update any
forward-looking statement for any reason, except as required by
law.
About Electronic Arts
Electronic Arts (NASDAQ: EA) is a global leader in digital
interactive entertainment. The Company develops and delivers games,
content and online services for Internet-connected consoles, mobile
devices and personal computers.
In fiscal year 2024, EA posted GAAP net revenue of approximately
$7.6 billion. Headquartered in Redwood City, California, EA is
recognized for a portfolio of critically acclaimed, high-quality
brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The
Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for
Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS
F1®. More information about EA is available at www.ea.com/news.
EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex
Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies
are trademarks of Electronic Arts Inc. John Madden, NFL, FIFA and
F1 are the property of their respective owners and used with
permission.
1 Net bookings is defined as the net
amount of products and services sold digitally or sold-in
physically in the period. Net bookings is calculated by adding
total net revenue to the change in deferred net revenue for
online-enabled games.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240917249297/en/
Andrew Uerkwitz Vice President, Investor Relations 650-674-7191
auerkwitz@ea.com
Justin Higgs Vice President, Corporate Communications
925-502-9253 jhiggs@ea.com
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