Earnings release
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Electronic Arts Reports Strong Q3 FY21 Financial Results REDWOOD CITY , CA - February 2 , 2021 - Electronic Arts Inc. ( NASDAQ : EA ) today announced preliminary financial results for its third fiscal quarter ended December 31 , 2020 . " We're bringing great entertainment to hundreds of millions of people all over the world , " said CEO Andrew Wilson . " Our amazing teams continue to deliver exceptional , high - quality experiences as more players connect with their friends and engage deeply with our games . With our expansion plans for EA SPORTS , strong catalogue of owned IP , leading live services , and ability to span every platform , we are growing to reach an even larger audience . " " We delivered another strong quarter , driven by live services outperformance in Ultimate Team and Apex Legends , " said COO and CFO Blake Jorgensen . " We are raising our net bookings outlook for the full year on the strength we continue to see in our business . Looking further ahead , even with the upside this year , we anticipate delivering growth in fiscal 2022 , driven by the next Battlefield . " EA has posted a slide presentation and a financial model of EA's historical results and guidance on EA's IR website at www.ir.ea.com . EA will also post the prepared remarks and a transcript from the conference call on EA's IR website . News and ongoing updates regarding EA and its games are available on EA's blog at www.ea.com/news . Selected Operating Highlights and Metrics Net bookings * for the trailing twelve months was $ 5.956 billion , up 8 % year - over - year . Launched FIFA 21 , Medal of HonorTM : Above and Beyond , Need for SpeedTM Hot Pursuit Remastered , and NHL 21 during the quarter . Launched FIFA 21 and Madden NFL 21 on next generation consoles during the quarter . Over the past fiscal year , EA SPORTS ™ franchises have engaged more than 230 million people . ● ● EA * Net bookings is defined as the net amount of products and services sold digitally or sold - in physically in the period . Net bookings is calculated by adding total net revenue to the change in deferred net revenue for online - enabled games . Selected Financial Highlights and Metrics ● ● FIFA Ultimate Team ™ had a record of nearly 6 million daily active players in December . Apex LegendsTM had 30 % growth in new players , year - over - year . The SimsTM 4 , life to date , has more than 33 million players and reached record daily , weekly , and monthly average players in December . ● Net cash provided by operating activities was $ 1.124 billion for the quarter and a record $ 2.061 billion for the trailing twelve months . EA repurchased 2.5 million shares for $ 326 million during the quarter , bringing the total for the last twelve months to 5.9 million shares for $ 695 million . EA paid a cash dividend of $ 0.17 per share during the quarter .