Electronic Arts, Inc.

Strong Q4 Performance and FY25 Results: Electronic Arts (EA) reported net bookings of $1.8 billion in Q4, an 8% increase year-over-year, exceeding guidance. Full-year net bookings were $7.36 billion, down 1% from the previous year, primarily due to a slowdown in Apex Legends. The fourth quarter's success was fueled by EA SPORTS FC, American football franchises, and the launch of a new IP, Split Fiction, which sold nearly 4 million units.

Live Services and Franchise Growth: EA's live services net bookings totaled $5.34 billion, a 2% decrease. However, American football franchises surpassed $1 billion in net bookings, up over 70% year-over-year. The Sims also saw a 30% growth in Q4, driven by the 25th birthday celebrations and new content releases, creating a strong foundation for ongoing franchise expansions.

Guidance for FY26: EA expects net bookings for FY26 to be between $7.6 billion and $8 billion, indicating a growth of 3% to 9%. Key drivers for this growth include anticipated titles from the EA SPORTS portfolio (including Battlefield and Skate), as well as an overall focus on live service models.