Categories AlphaGraphs, Earnings, Technology
Electronic Arts (EA) Q1 revenue and profit rise in double digits; guides FY23
Video game company Electronic Arts, Inc. (NASDAQ: EA) reported higher earnings and revenues for the first quarter of 2023. However, net bookings declined modestly.
During the June quarter, the company’s revenues increased 14% year-over-year to $1.77 billion, despite a 3% decrease in net bookings. The management also provided revenue guidance for the second quarter and full fiscal year.
The net profit of the Redwood City, California-based company rose to $311 million or $1.11 per share in the most recent quarter from $204 million or $0.71 per share in the first quarter of 2022.
Check this space to read management/analysts’ comments on Electronic Arts’ Q1 report
“Our expanding EA SPORTS portfolio and owned IP franchises continue to power resilience and longevity in our business. Our teams remain focused on what they do best – making amazing experiences that inspire new generations to play, watch, create, compete and connect,” said Andrew Wilson, CEO of Electronic Arts.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
