Q4 2024 Electronic Arts Inc Earnings Call Transcript
Key Points
- Record net bookings for global football and Madden franchises, demonstrating strong performance in core sports offerings.
- Launch of EA SPORTS FC, marking a significant rebranding and successful entry into multi-platform experiences.
- Strategic realignment and investment focusing on major franchises and online communities, enhancing long-term growth potential.
- Significant growth in live services, driven by popular franchises like FC Ultimate Team, contributing to a robust revenue stream.
- Introduction of new non-GAAP operating margin guidance through FY '27, reflecting confidence in future growth and operational efficiency.
- Decline in live services net bookings by 2% year-over-year, indicating challenges in some areas of the portfolio.
- High dependency on the performance of key franchises, which could pose risks if any major titles underperform.
- Challenges in the mobile segment with a need for strategic investments and innovation to capture growth.
- Facing tough comparables from previous fiscal years, especially with the impact of the World Cup tailwinds.
- Potential market risks and competition intensifying in the gaming industry, requiring continuous innovation and market adaptation.
Good afternoon. My name is Bovis, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Electronic Arts Fourth Quarter and Fiscal Year-End 2024 Earnings Conference Call. I would like to turn the conference over to Mr. Andrew Uerkwitz, Vice President, Investor Relations. Please go ahead.
Thank you. Welcome to EA's Fourth Quarter and Fiscal 2024 Earnings Call. With me today are Andrew Wilson, our CEO; and Stuart Canfield, our CFO. Please note that our SEC filings and our earnings release are available at ir.ea.com. In addition, we have posted detailed earnings slides to accompany our prepared remarks. Lastly, after the call, we will post our prepared remarks and audio replay of this call and a transcript.
With regards to our calendar, our first quarter fiscal year 2025 earnings call is scheduled for Tuesday, July 30. As a reminder, we post a schedule of upcoming earnings calls for the fiscal year on our IR website.
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