EA - Earnings call transcript Q3 2025

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Operator

Good afternoon. My name is JL, and I will be your conference operator today. At this time, I would like to welcome everyone to the Electronic Arts Third Quarter Fiscal Year 2025 Earnings Conference Call.

I would now like to turn the conference over to Mr. Andrew Uerkwitz, Vice President of 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 Third and Wilson, Stuart our

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

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

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

Andrew Wilson

world thanking high-quality to by and want afternoon. our In the Andrew. Thanks, creativity, I experiences. games shared through start dedication QX, teams. Good innovation with and they their

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Stuart Canfield

Andrew, everyone. Thank we near-term Andrew's our despite outlook quarter the remains and to To results, our impact hello, expected. unchanged. not long-term you, the echo remarks, But was QX

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to over last hand we I I discuss take Andrew, moment year. a which long-term our framework, before shared want to to Now financial

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back hand I'll Now to Andrew.

Andrew Wilson

the our Exceptional aim of changing. execution results generate deep entertainment Stuart. taken have definition and the rapidly demonstrate of resiliency polished and you, teams of we effort we focus determination don't the very for. actions and The always is Thank business. The our

ever, player a will deliver everywhere company people that anticipating ever-evolving to success as connect across than more from our experiences an come Now innovative and entertain exceeding expectations engage, and landscape.

Thank you. And Stuart your now here for questions. I and are

Andrew Uerkwitz

take now Andrew questions. Like the X ready are question. ready X your We'll first and from that, question With each said, we to take we're analyst. follow-up for

Operator

[Operator Instructions].

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

Andrew Marok

do drivers Maybe one you aspect uptake on acquisition. have the the behind around to the the transition and of FC sense negative a title? in slower with market any little the structure feedback for people Is or like maybe community hold a the deciding bit? hearing it something anything purchase Do on of off of current maybe year effect slower-than-anticipated console to generation like

Andrew Wilson

Great question. Thank you.

like very, on me seriously. the quarter not was take off, underperformance reiterate, very business, our franchise we FC, particularly wanted and we or First a expected in this tentpole let that

years we EA, least the in the off will, be of growth. As important big likelihood, the X will be I why I It answering FC. an the is big the acquisition second business. at in franchise level think that's want to I actually largest a in have the in all FC record seen the think still about this of the of reiterate history thing question, incredibly may coming that's part

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the the tweak done update what our to of what do community ahead history which of and test is and then do the our ever in hearing were advance was best, January began we've most franchise, perhaps major closely core of XX in event. gameplay to validated gameplay teams tune Our listen teams what the they and and

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some Just core positive We to over that experiencing engagement highly cohort, had as cohorts the we of levels. uptake, past cohorts momentum this users record but weekend, year positive we trends. we're cohorts weekend. X see weekly with prior progress seeing across. all come We Prior the started stat had that acquisition not players update, million out for team all ultimate of trends to all And that bookings back Team across digits, reactivated and Year We Stars Future came events prior to clearly into net just post the had record still event. the competitive weekend -- was event. active down trending single we cohort to our competitive high

we quarter the wanted communities not not online massive or again, expected, have these So that to unnatural ebbs. for

to out a feels the FY into the into bit events little rest I'll quarter strong add coming let very Stuart see going and their from I player these a resilience into momentum financial and Perhaps to 'XX think of of their in commitment engagement top both our the deeper the the we funnel teams acquisition our base of that and demonstrated and standpoint. targeting us. business experience of

Stuart Canfield

how the the that's to little that did QX we that in think Andrew, out script kind through at reflecting a guide. bit about just double-digit the put reflect did we midpoint. low declines wrap into of We

As It of X the significantly into the were XX% we did we you heard through of of event. and just the for roughly Team the Year. bookings and net quarter, saw year-over-year obviously stats, Andrew days up talk pre-announcement, those we represents some trend

factored into then if not So continue that would the here end that of FY momentum provide that have planned should the that the and through guide X-odd midpoint. next through we quarter weeks for not should concerning QX into 'XX. that events just us the the at the actions be And and all that it momentum flagging heading is

Andrew Marok

if quick. sneak thank detail really for could Well, that. appreciate the you I one there. maybe Really more And in

very more has hopes? you're to to last meaningful announcement relative a still how course, prelaunch or fashion players than And early, expectations how Of Battlefield the your along inform like the usual? this community battlefield been releases couple but that cycle, bringing Labs reception of in looks

Andrew Wilson

Yes.

would Battlefield question. our great Labs I expectations, has the It's which is really the there been for to just play fan out the big why overwhelmingly beyond well X story and is this response of say Another the reasons great. test There's franchise. initiative love and our positive approach. taking team demonstrative this

is The community. talk be. much kinds and some of as things about, I will the what vehicles trepidation to loved first community this core there battlefield is think is, as and in incredible Battlefield you and unbelievable is this the destruction amongst franchise at scale all with

as not iterations have the meaningful by have community last of wanting The globally. been strongly X of Battlefield found resonated and parts

with the and And trepidation our that biggest And understand this balancing doing, that is ever players there closely they we're there. so team what appreciate committed tuning working we've had is the we into do ensure this team, some they understand at to very and development scale to of development game. feed

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Operator

of from comes question next TD Cowen. line of Doug Your Creutz the

Douglas Creutz

of you Apex kind and know you the August, in do worked, to you've of Legends I getting if kind hasn't initiatives to what back of where just how it to that wondering what's some thought worked the was you could progress the you back it update, want be. going work taken? here? I things from is what's going And talk where see about

Andrew Wilson

service I, storied are great about I and incredibly passionately know launches and in of industry of some our all our million in franchise. I has incredibly franchises. we core over franchises loved new We've in the this game. teams entertainment to speak by guess, over them believe of play been I great committed the and the communities. that player have our got know lovingly had XXX so I a last Apex our people has cohort. too, decade

business the think of trajectory direction franchise the we trying, wanted some the that many support of things that not context time. in tuning and ongoing the have been And for testing headed we you I has However, been of the in the highlight have of community.

across As think about the today, development happening about vectors. core we I think Apex really X

that quality and of probably not the would that, the make we in well and how community. the for for seen in experience liked. great support continue to community. we have plays that community have the continue of out, as day more and of which content new some creation test much content we great tens say as and day this we And that And that's but as all of I incredible first as people. of things to anti-cheat And progress would and that try both do develop is core life million The game numbers

meaningful a believe and this do working time we Apex second team on update as will I before, do more of experience. a about The think game broad phase, need I've be a the to is talked we diligently there where is that.

probably that we imagine should a You top on wouldn't Battlefield launch. of drop

I that we've franchises don't come all so horizon, And fan along a to from an is and ability have standpoint, then exist that growing. is a demonstrated build XX, love this company much last XX XX, What often. that think years as longer-term And would that level timing right Battlefield. and thinking at this a on exist again, post franchises now these our that, time

is will. also time an incarnation of and be bigger, meaningful game Our be Apex that time final that there will update if even horizon, of Apex. that Apex broader franchises to the X.X, you not a expectation those longer-term more experience This one on some will will be and

So incredibly committed. the remains team

behind the Battlefield major working play who We that continue would the of do timing update numbers in core be diligently be. after invest a and community there that that millions team in terms more launch tens happen probably just to the the is a continues should of We to what of will through players. believe

is expectation to greatness what franchise our highly continue support community that term, longer we'll core Apex the to new has expand and all how want experience this of that then players come we that to and is a communities And and offer. competitive

Stuart Canfield

Andrew things the albeit financials was set I'll just of out, the in and largely expectations one down on line couple just a I wrap QX year-on-year. think outlined. we with

some against 'XX for week. monetization. of content come look to The we're outlook We have XX see uptick started Pass through enhancements in 'XX. in remains conversion through in sort Battle to Battle and seasons QX obviously as and And the player The with Season this seeing the at have more where changes next Pass forward of started improvement shift spend previous to we've some sequential largely point. the unchanged we strength

Operator

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

Christopher Schoell

peers one the to could you your Battlefield being pipeline released Seemingly, a industry crowded launch with the titles update just pipeline the influences us timing. of proximity? this question. how in close more for year. your major remind maybe industry willingness be number Can just titles on And Appreciate

for thoughts on IP a you've Switch and collaboration done level to of the what any ability this your present today? Given for opportunity console, beyond might new expand what the the anticipation

Andrew Wilson

in a any competitive Certainly, have invested we -- this job in Battlefield question. That we Great before I've being and battlefield great our in of years, with we've fortune franchises all a great marketplace. of it. exist competing for great XX company done had being time. the bring over this of said,

of battlefield X made. we, of have the to launch And We've into that looking that studios. of we be course, for want We're make We amount time. we've a this biggest meaningful to sure had ever Battlefield a grow game the can be that size the level deliver promise making. what can of a the commensurate community the we on fullness with and is window we're of where to that the

There differently relative might to may think be the do our may that competition. nuanced that cause launch in some year a about this I happening be believe things to year year us timing.

We us that this have be. appropriate and at to alternate a a and that great all going time frame an to team great time. take look then window believe FY we be close an might targeting. window needed battlefield this player be opportunity 'XX that to and the be got at that give would But that if is us, energy wasn't the launch that for time, to will for window We the would acquisition we believe be REIT it what game

Stuart Canfield

just that give market timing Andrew add shared FY and important the we to we've on on our of year multiyear out we to I on give our depending for us last the really in why obviously it's call. think about partly Chris, of flexibility occur that, the to own potential could dynamics built a rates laid that growth account around And say, to conviction to is We'll it's the framework have growth the 'XX to think discussed range around pipeline. pipeline. and that guidance But clarity greater sort QX to alluded

to If you next rebound expect think we year. about FC through

the announced summer. out in just College have obviously We we January coming in Football

to framework Sims. that obviously, that we But obviously multiyear remind out of but all range is talked And have we'll again, the the important continue and 'XX, we exciting in second Battlefield have and what timing. to like overhead. with brands. we just industries We an on as think I growth expand continue the talked committed We balance of aligned ago. growth remain depend that that have to year We've sort against. will to it's of Andrew lifestyle SCAPE on And with a

Andrew Wilson

to something marketplace, might players new comes on ahead the very platform like past. the console time us When energy into as Cozy around like EA. others performed any a Sims a Bundle, new our then our the the about great real MySims: acquire the us. gives and represents in products FC for have platforms. is well we've players a they Nintendo had new find your and you all opportunity to the Certainly, and It of were to done access of and which That to Madden performed ability think new expectations, XX% franchises us. Typically, the on well that expectation And console, of part question second that's of benefit a

new So new is again, this time our juncture, expectation that. that any to we the that comes the IP into models communities nothing console in at us marketplace from will a our have access but that and players gives new great benefit that

Operator

the line Griffin comes of question next Your MoffettNathanson. Clay from of

Clayton Griffin

Great.

I've issues, so I if wanted But FC, has technical asked. Andrew, I to apologize I some Sorry, got could. if come back this been to

mode You very October. the got in But that you sort how played from of saw have general that Understanding how you a And here? introduction could just you trends might curious, of context think positively throughout provide around or the spoke beyond you mode, then if evolves what role that engagement the that a has thought about slipped I've about some mode follow-up. Rush just of quarter. commentary just guys in maybe kind that

Andrew Wilson

question. Great Yes.

a doing community. monetization. different actually the what It there may of a I rush out that that some been was One it small-sided the meaningful been and to Rush Volta, XX that. fast investing hasn't mode responded the in actually community what game. we mode advancement of has of it's confusion turns pace, I has permeated part to very game, certainly franchise of the of very it separate. Overall, ultimately, advancements many the beyond gameplay the been of truly socially-driven a had diluted will what in the XX the similar believe aspects FC most is and competition, believe the of additive and outside type played the second well to have be typical over been football monetization. mode, on team platform was is there which think and

and that meaningfully QX positive I of believe we positive balancing addressed trends. update event, teams we've I has can Again, XX been the the tuning right gameplay since January would top-of-funnel to in some to, in then acquisition and seeing meaningful that that generated which the back softness come also player and before targeting that attribute very trends very

the now long Rush think a the I overall, franchise, so term. is positive net And to both certainly over and

Clayton Griffin

perhaps But what in read of server 'XX. some just and kind FC D And I driver year-over-year time I line? that theories Great. the And and to availability causing interesting suspected and sort not as of here that have idea? to you true, general guys what on would sync se. speak server cashing had issues then -- some on needs certainly meaningful can get if a per to you fixed be delay that's

Andrew Wilson

them. that and and stable incredibly an more always stable, that stable we a experience. standpoint, that normal course address to the at past. and stable that we every and time happen low likely the role very the don't in don't Certainly, listen from is the aspect mean FC of quality in would player secure doesn't and our again, all interact say that high go That least That's within of server to our we is business. FCs of terms I data ensure this community, generally serve And as impact issues time of quality, From to our with members experience. in see game life it's player overall would suggest than need

Operator

line Benchmark comes of Mike question last from Your the Hickey of Company.

Michael Hickey

for questions. Andrew And taking my Stuart, thanks

expect one, you see fiscal 'XX. to growth Just for that to here good it's --

release year Battlefield. without can Just curious think if the you of that you grow

growth that been obviously have driving you also, I feeling Football, from College game. on massive that think outsized pent-up fair that your And there the of teams. question to there's demand second of and may success a amount was sort The a

how curious your maybe the about as guess, fiscal an in College overall I you just So 'XX, Football think American grow football, ecosystem. ability now to

Stuart Canfield

pipeline continue obviously of outlined continue just Sims earlier, We've FC. World into things expansion of take the the we've fiscal you North Cup I and 'XX. part Battlefield. Yes, the expect of context. launch some of build part towards we the first for about year sort about the think we some head I'll When we towards today Mike, America Certainly, of address in also that growth through back to of with and The which we we talked a talked expect and be of audience SCAPE to initiative, 'XX. the in outlined to would on includes as and Battlefield summer. the broader end summer even to college -- call and exclude as continued to in the we the the in platforms of the that expand returning short, the broader

rest and the to to football build both across the I Madden American the on look we on College. ecosystem both through year. that, live in We continue of services across portfolio know that push the that

we So to do before, 'XX. to in yes, coming again, expect grow back

element the and are drive set pushed to a kind XX be cognizant through there scale over growth. obviously Hence, the We 'XX business we we a benchmark 'XX range multiyear timing, next may months. where XX of of that the framework through believe smooth of that out can we of

Andrew Wilson

young exceptional was an franchise XX,XXX that there athletes part they pent-up that. certainly the college coming incredible game, they of context few things are year and almost into on meaningful But for put One in are people true. ambassadors when college, demand On also into a yes, was of. you it are the is

mechanisms Netflix Amazon, of new to and happened certainly part Christmas continues When new of also expectation and continue the Two, is sport the conference the to the a our and as a now we an at incredible of college it NFL. what's reaching sport football in and the grow. College see championship going heights grow, what's for is of of categories, seeing days the to games Day combined as football happening level, is boom year grow new itself level were with into we're with

that a content when products and effect early So through totality football to the very passion basis, what both communities that year-over-year and compounding are both both deep the the context way across NFL, creation, that together American competition, we stages think one actually we in continue American our the that merging allowing and sports the social a will great the meaningfully, few could in user-generated but of by content be online grow done connection seamlessly massive in has over deliver and games, of those we to and FC to the get of has also at that in collaboration next move them community, community ability growing years. about football both of experiences power our college we're where the on past believe and and grow really

grow So very with College to ability we a our and net-net, year-over-year Football the feel on about American good basis. business where overall we're Football at

Michael Hickey

Thanks.

Andrew Wilson

Okay.

all So well, excellent your for you thank questions.

As me you've is heard player say, changing expectations. interactive entertainment by evolving, shaped constantly

swiftly dynamics agile, adaptable market and player and teams Our feedback. focused responding highly remain to

Battlefield SCAPE that ability EA never The experiences we've the deliver had world in has been see experiences, of ahead, pipeline for EA launch create and app, the vision significant stronger our expand and FY and and players of exciting stockholders the to we future continue 'XX. to growth opportunities including importantly, incredible across in Sports We're most Looking for our entertaining love. accelerating more we drive our Sports confident franchises. value sustainable to our long-term never a are

next to forward look to talking you We quarter. you. Thank

Operator

joining. That meeting concludes today's for

You may now disconnect.

Electronic Arts (EA) 4 Feb 252025 Q3 Earnings call transcript