Earnings release
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Electronic Arts Reports Q1 FY22 Financial Results Results Above Expectations , Raised Outlook for the Full Year REDWOOD CITY , CA - August 4 , 2021 - Electronic Arts Inc. ( NASDAQ : EA ) today announced preliminary financial results for its first fiscal quarter ended June 30 , 2021 . " We've had a very strong start to the fiscal year with our incredible teams delivering experiences that continue to bring hundreds of millions of players together , " said Andrew Wilson , CEO of Electronic Arts . " Our new launches , leading games , and live services all had an outstanding quarter . With our expanding EA SPORTS portfolio , more amazing experiences in Apex Legends , the groundbreaking new Battlefield 2042 , and our leading live services including mobile , we're set to deliver more great games and content to players this year . " " We delivered a big beat this quarter , primarily driven by outperformance from our recent launches coupled with continued strong execution in our live services , " said COO and CFO Blake Jorgensen . " We're looking forward to the launches of our sports titles this quarter and Battlefield 2042 in time for the holidays . Based on our strong performance this quarter and supported by our ongoing confidence in our live services , we are raising our outlook for the full year . Our strategic position has never been stronger , with growth drivers in place for this year , next year , and beyond . " EA Selected Operating Highlights and Metrics Net bookings¹ for the trailing twelve months was $ 6.136 billion , up 3 % year - over - year . More than 140 million players engaged with EA SPORTSTM games over the trailing twelve months . ● ● Over 31 million players joined FIFA 21 on console and PC since launch . FIFA Ultimate Team TM matches are up 48 % year - over - year for the quarter . ● Season 9 for Apex Legends ™ averaged more than 13 million weekly active players and set a new record for peak daily players across all seasons . Selected Financial Highlights and Metrics Net cash ( used in ) / provided by operating activities was $ ( 143 ) million for the quarter and $ 1.413 billion for the trailing twelve months . EA repurchased 2.3 million shares for $ 325 million during the quarter , bringing the total for the last twelve months to 7.2 million shares for $ 976 million . EA paid a cash dividend of $ 0.17 per share during the quarter . Dividend EA has declared a quarterly cash dividend of $ 0.17 per share of the Company's common stock . The dividend is payable on September 22 , 2021 to shareholders of record as of the close of business on September 1 , 2021 .