EA - Earnings call transcript Q1 2025

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Operator

Good afternoon. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Electronic Arts First Quarter Fiscal 2025 Earnings Conference Call. I would now like to turn the conference over to Mr. Andrew Uerkwitz, Vice President, Investor Relations. ahead. go Please

Andrew Uerkwitz

filings to With Welcome and Quarter XXXX our Fiscal Canfield, available release Thank ir.ea.com. at today EA's are Call. SEC that note me CFO. CEO; our Andrew Earnings earnings our are you. Please First and Wilson, Stuart our

addition, posted earnings a In slides prepared our accompany we have remarks. detailed to

an this call of Lastly, call, will we replay after post a audio transcript. the our prepared remarks, and

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to Now Andrew the I'll Wilson. turn call over

Andrew Wilson

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Stuart Canfield

continue flow. top had QX and delivering and own to our financial growth, we with to good beating leverage and a expectations framework drive bottom We've long-term Andrew, line execute FY strategy 'XX afternoon, delivering our great cash start progress the on operating of results against increasing Thanks, everyone. as on both and accelerating in our

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Now Andrew. I'll to hand it back

Andrew Wilson

Stuart. Thanks,

Traditional challenged models. business. continues resiliency Our to being disrupt change We're strong fundamentally our technology and QX as is consumer and of position. of the teams demonstrated a in the determination preferences different our business entertainment

only becoming navigated business concentrated distribution, already and in unlocking we our our in is models. franchises, more and new have consumption growing are shift We

incredible We portfolio excellence Sports broad massive our player strength, creative advantage competitive with production of and have a the our of EA incredible IP, an our including talent, network.

increase we the positioned enviable are market and your and share. Stuart questions. With these strength, industry well our grow And to now will take I

Operator

[Operator Instructions] Your from question of comes first Goldman Sachs. Sheridan from line the Eric

Eric Sheridan

I ones, if Maybe X picture bigger can.

how about Madden become plan a in Madden XX months next on franchise the look a momentum with scale continue little to You've last more the a XX building global build from to in about year scope. talked you as bit as you on lot Can over we how had global talk that perspective? out a to

last are from brand the were went be was Obviously, to you ago year you question around informing in the because of scale an product What execute XX EA interesting having some years change FC. ahead? EA how on the to also And would sort months how second the that. key that around against of are rebranding year moving continue through the and exercise learnings the you build might and FC

Andrew Wilson

there Okay. a great lot in X There's -- questions.

Madden. on touch me let First,

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Operator

from Your next Matthew line from Stanley. question comes the of Cost Morgan

Matthew Cost

game just here. collegial of When ultimate Madden the Ultimate game, an spend Madden cannibalization think college team relatively can't for football successful Team. team those any potential how game? with in the a easily. hour copy ultimate spent you bit that on for players of is with there football college you But a sticking we is as function our American football X in guess can team for million I been the the the Obviously, each has in about buy little in of a

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Andrew Wilson

Great questions.

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Operator

Schoell UBS. from from of Chris Your the next question line comes

Christopher Schoell

fair XQ today. to year the but was stronger not as can prior fiscal towards you XQ the it think of recognized you And end and range. the Can to fiscal of ahead the look just your expectations it you repeat the provided the performance that you quarter, help flow why XQ full to through was end prior guidance we where soccer of forward? size than contributing to in you think Street fiscal beat So outlook? also Euro seems might were also we is help through higher us strong say towards and uplift us trending cited And your didn't came see the and Copa

Stuart Canfield

question, Chris, Stuart. thanks for the

guide progress we're think I the We've at framing we're out, momentum and by how the we Just continued commentary to of about framework we momentum it's -- on QX. accelerated we're We driving we're also, little a think we're shareholders. obviously about default guidance reflected that back, of think deliver quarter. which leverage growth, up yes, I the QX. just when the financial back out QX seeing ago And we're great talked bit reflective that a laying stepping return and Andrew's cash momentum coming inside thinking long-term of I growth the building second around as mean, of range building length with the and and increasing to operating building

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Operator

the question Your from comes of Carpenter JPMorgan. next Cory from line

Cory Carpenter

on release And the game potential what to schedule? disruption an have [ wanted start at point How business in this then would about near of impact to frame video into the ]. risk the broadly Outerstrike the your ask could I term? specifically, you

Andrew Wilson

terms is and in an production XXXX. So to deliver limited at our after the way is works we're commencing important first enjoy around specifically deeply who to service September is games. diligently now it to The negotiate the of table. games the that working This industry-specific including And situation, do of live we're product, situation. not strike contractors that part incredible world. we our let working experiences is an work me value are say, EA-specific This we an our the closely. entertainment the very players

don't in we're any games near-term we running. services of the So to we any have development, disruption currently of expect live any the

issues committed That anticipating that expediently and we're bargaining significant EA. the are parties to table. the short-term in to any faith impact to bargain being said, not our good we're can continue resolve at But hopeful

Operator

next the James. question from of Raymond Andrew Your line from Marok comes

Andrew Marok

Two, if could, please. I

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Andrew Wilson

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Andrew Marok

the guess, And if I further monetization? that Apex my ask touch what quarterly I to question. helpful. forward? X reaction And to Apex of Apex on approach I in, to the Really your that going got sneak to about does say I Battle inform that changes. how kind could Pass player wanted reception bear does ability players'

Andrew Wilson

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Stuart Canfield

for Andrew, QX. foundation declines with the to about just kind using, that, add of in to of sort quickly they financial were framework saw on we're of reiterate year-over-year, the to expectations those we just talk just to although line our

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Operator

line of Colin the question from comes next from Your Sebastian Baird.

Colin Sebastian

industry that in quite Andrew, few sluggish get years. growth the to I maybe the just guess, is understand from question higher frequently really to investors an start level. One level, we off trends trying relatively, past

you other that demand But into a there work market? the talked of and about would lot time or then that catalyst are TA turn competition money. external oxygen dynamics that are could into at You the side breath over highlight some

And other bring initiatives? And updates growth bit other then you I or franchise, reducing and there, more my the Sims example, the in friction players appreciate more of about how think hoping expanding platforms some is second question on to franchises for brands, about to and of onto one or the hear tent-pole as there. a

Andrew Wilson

that think COVID of Great through The both the context to this the industry interactive some and about than is the we and around meaningful watch more as see did I speak our about around industry. you questions. specifically play industry coming entertainment Arts, I peaks macro, broadly, Electronic in do pretty

we whole continue of As been true company, industry. for the that to out hasn't COVID, a grow

I so certainly, some And think impact there's there.

we movement a see to is -- just shift also come franchises watching that the of see our now of watch secular and industry The to and play, actually of past towards expanded biggest talked this of connect we in create a seeing and the the that industry, ability and and We calls, all about facilitate is what in their happening industry, enhances in kind is definition that community the in XX%, experience. I've -- that franchises. not an playing extends for content, of, the content engagement XX% ability content. kind go our are

levels a the Incidentally, same time. over that of is really And at really, becoming to as nearly playing important the correlates connection monetization course does part.

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And the do look transition at at all broadly, not making the think industry industry has we been that rate. the so as I same

Arts do Electronic I believe working diligently has been that against transition.

context little and see inside the being of the Battlefield power If course, that what see X Apex, bit those. community of who connection there Certainly, is at communities well. what We've communities inside the you X bounds is in that the many at into are miles of center the of starting that we've of and see people we're enhancing of you'll of of what inside X about games, come with pillars, And SIMs. about college what And very as of building our of of and about strategic you'll talked important doing. Madden, you hundred beyond sense in online look the meaningfully to the been you're see investing football, FC, massive a play what

see Alpha more, our games I we their and grow play, and Gen age watching entertainment look connecting franchises, of their centers, entertainment. of at up is Gen the industry, to our transition our our And spent and interactive in through fulfill particular. more benefit disproportionately our industry playing will broader do to our fulfill around both Z form creating particular, this more and now motivations continue broader the of and needs as believe as and we within shifts in will entertainment needs at first in as context more, so hours move continue And players we more through communities beyond games

come continually to specifically, X, new to the a into XX we're we're into in Sims evolve the content committed that. And social team things Sims evolve come the is new again, to X. opportunities user-generated to already continue starting come Sims Sims see over to that talked updates the with year, into things about, as committed coming marketplace and new experience that we've X

community not this lot really -- to Beyond today, talk the September and about is we'll that we build a earnings looking that globally. about at and universe to Day add and Investor in talk that more are out to

modality And you platform should more across and community interaction Sims think of expansion of play about that in and social expansion. the context more the

will broader And platform be expand social key deep adding so while world. the we experiences expansion bring -- teams advance will SMS new also and that continue connection and the to geographies in around

Operator

Andrew Uerkwitz	executive
Andrew Wilson	executive
Stuart Canfield	executive
Eric Sheridan	analyst
Matthew Cost	analyst
Christopher Schoell	analyst
Cory Carpenter	analyst
Andrew Marok	analyst
Colin Sebastian	analyst
Clayton Griffin	analyst

Electronic Arts (EA) 30 Jul 242025 Q1 Earnings call transcript