trending Market Intelligence /marketintelligence/en/news-insights/trending/yH8GaX1AvloWGP_I2DQKHg2 content esgSubNav
In This List

Electronic Arts fiscal Q1 profit climbs 8.4% YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Electronic Arts fiscal Q1 profit climbs 8.4% YOY

Electronic Arts Inc. said its normalized net income for the fiscal first quarter ended June 30 came to $1.10 per share, compared with the S&P Capital IQ consensus estimate of a loss of 3 cents per share.

EPS increased 15.3% year over year from 95 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $345.0 million, an increase of 8.4% from $318.1 million in the prior-year period.

The normalized profit margin rose to 27.1% from 26.4% in the year-earlier period.

Total revenue increased 5.7% year over year to $1.27 billion from $1.20 billion, and total operating expenses grew from the prior-year period to $711.0 million from $691.0 million.

Reported net income came to $441.0 million, or $1.40 per share, compared with $442.2 million, or $1.32 per share, in the year-earlier period.