Categories AlphaGraphs, Earnings, Technology
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts’ estimates.
Fourth-quarter earnings per share came in at $0.67, compared to a loss of $0.04 per share in the year-ago quarter. Net profit was $182 million in Q4, compared to a loss of $12 million a year earlier.
There was a 5% decrease in March quarter revenues to $1.78 billion from $1.87 billion in the corresponding period of fiscal 2023. The top line slightly exceeded the market’s forecast.
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