Jennifer Maas TV Business Writer EA reported its fourth-quarter and full fiscal year 2024 earnings Tuesday, revealing results that matched the video game company’s own guidance and analysts’ estimates, but forecasts for harder quarters ahead.
Full game sales between Jan 1 and March 31 of this year were $333 million (down from $372 million in the comparable Q4 fiscal 2023 quarter), while live services and “other” revenue totaled $1.45 billion (down from $1.5 billion a year ago, and from last quarter’s record growth of $1.7 billion).
Profit for the quarter was $182 million compared to a loss of $12 million in Q4 2023. Wall Street forecast earnings per share (EPS) of $1.52 on $1.66 billion in revenue, according to analyst consensus data provided by LSEG, formerly Refinitiv.
EA reported adjusted EPS of $1.37 on $1.78 billion (down from $1.87 billion year over year) in revenue. Net bookings were $1.67 billion (down from $1.95 billion).
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