electronic arts inc (EA) Key Developments
Electronic Arts Inc. Presents at Benchmark Media, Entertainment and Internet One-on-One Investor Conference, Sep-10-2015
Aug 29 15
Electronic Arts Inc. Presents at Benchmark Media, Entertainment and Internet One-on-One Investor Conference, Sep-10-2015 . Venue: New York Athletic Club, 9th Floor Ballroom 180 Central Park South, New York, NY 10017, United States.
IMS Internet Media Services and Electronic Arts Collaborate to Help Brands Play-to-Win in Latin America
Aug 19 15
IMS Internet Media Services and Electronic Arts announced a collaboration to help brands play-to-win in Latin America. IMS that partners with fast-moving businesses seeking to expand into Latin America, will represent dynamic advertising inventory within EA games directed to end users in Latin America, with an early focus in Mexico and Brazil.
Electronic Arts Inc. Announces the Availability of The Sims 4 Get Together Expansion Pack for PC and Mac in November 2015
Aug 13 15
Electronic Arts Inc. has announced the availability of The Sims 4 Get Together Expansion Pack for PC and Mac in November 2015. Brand new to The Sims 4, players can introduce their Sims to a variety of different Clubs, featuring Sims with distinct interests, personalities, and behaviors. If players can't find the perfect Club for their Sims, they can create and customize their own Clubs to play any way they like. Windenburg is a new world, with picturesque locations for players' Sims to explore, such as the sprawling hedge maze at the garden chateau, stunning pools along the bluffs, and the mysterious ancient ruins. It is also a great world for socializing.
Electronic Arts Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Second Quarter Ending September 30, 2015 and Full Year Ending March 31, 2016
Jul 30 15
Electronic Arts Inc. reported unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported total net revenue of $1,203 million compared to $1,214 million a year ago. Operating income was $512 million compared to $362 million a year ago. Net income was $442 million compared to $335 million a year ago. Diluted earnings per share were $1.32 compared to $1.04 a year ago. Non-GAAP net revenue was $693 million compared to $775 million a year ago. Non-GAAP operating income was $60 million compared to $85 million a year ago. Non-GAAP net income was $49 million compared to $61 million a year ago. Diluted Non-GAAP earnings per share were $0.15 compared to $0.19 a year ago. Net cash used in operating activities of $71 million compared to net cash provided by operating activities of $4 million a year ago. Capital expenditures were $24 million compared to $274 million a year ago.
The company provided earnings guidance for the second quarter ending September 30, 2015 and full year ending March 31, 2016. For the second quarter, the company expects GAAP net revenue to be approximately of $815 million. Non-GAAP net revenue is expected to be approximately $1.075 billion. GAAP diluted loss per share is expected to be approximately $0.58. Non-GAAP diluted earnings per share are expected to be approximately $0.40. Expected Impact on Non-GAAP Net Income of $312 million. Non-GAAP gross margin is forecasted to be 63%. The company expects non-GAAP operating expenses to be $510 million, up slightly year-on-year
For the year ending March 31, 2016, the company expects GAAP net revenue to be approximately of $4.300 billion. Non-GAAP net revenue is expected to be approximately $4.450 billion. GAAP diluted earnings per share is expected to be approximately $1.98. Non-GAAP diluted earnings per share are expected to be approximately $2.85. Expected Impact on Non-GAAP Net Income of $266 million. operating margin expected to be of 27%. The company reiterating the operating cash flow guidance of approximately $1.15 billion. Free cash flow forecast of approximately $1.05 billion.
Electronic Arts and Real Madrid Sign Three-Year Partnership
Jul 29 15
Electronic Arts Inc. and Real Madrid C.F. have signed a three-year partnership that will see EA SPORTS become the exclusive and official videogame partner of the football club. As part of the partnership, EA SPORTS FIFA 16 will include updated 3D head scans of fourteen of Real Madrid's most popular players. The partnership extends into the Bernabeu, Real Madrid's storied home pitch, on game day as the stadium's big screen will occasionally display player celebrations rendered with EA SPORTS FIFA after home team goals. Those visiting the stadium will also have a chance to get a hands-on experience with FIFA 16 in a new experiential area at the Bernabeu. Real Madrid C.F. join other EA SPORTS partner clubs around the world from top leagues including Spain's La Liga, the Barclays Premier League in England, the Bundesliga in Germany, and Ligue 1 in France, among others.