The following is a summary of the Electronic Arts Inc. (EA) Q4 2024 Earnings Call Transcript:

Financial Performance:

• EA reported total net bookings of $7.43 billion for FY 2024, up by 1% year-over-year, with a major contribution from the release of new games.

• Live services net bookings showed a slight dip, standing at $5.43 billion, down 2% year-over-year.

• Operating expenses totaled at $4.33 billion for FY 2024, slightly higher by 1% year-over-year due to increased marketing spend.

• The company shows strong FY 2024 operating cash flow of $2.32 billion, marking a record for any fiscal year to date.

• Q4 net bookings of this fiscal year were reported at $1.67 billion, down 14% year-over-year.

• EA expects FY 2025 net bookings to be between $7.3 to $7.7 billion, indicating a projected decrease or slight increase in the coming year.

Business Progress:

• EA showed continuous improvement in their games with features and quality optimization like in the case of Apex Legends, which achieved over $3.4 billion in net bookings till date.

• Their football franchise, Future Champions League, and Madden NFL 24 showed strong performance, leading to a substantial increase in net bookings and game sales, respectively.

• Future projects like EA Sports College Football 25 and multiple experiences in Sims Universe are on the cards for 2025.

• They have increased their stock repurchase program and are expanding their business due to new licensing provision, boosting investor confidence.

• EA is leveraging AI to streamline their development processes, with plans to further enhance player engagement via bigger and more immersive game worlds.

• They are also exploring possible opportunities in advertising and integrating game IP into broader media landscapes.

More details: Electronic Arts Inc IR

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