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Electronic Arts reports Q4 loss, but revenue tops estimates; FY guidance in-line

Investing.com -- Electronic Arts reported Tuesday a fiscal fourth-quarter loss, though revenue topped Wall Street estimates, driven by stronger demand for its FIFA franchise. 

Electronic Arts Inc (NASDAQ:EA) gained more than 4% in after-hours trading following the report.

Electronic Arts announced a loss of $0.04 a share on revenue of $1.87 billion. Analysts anticipated EPS of $0.42 on revenue of $1.75B.

Net bookings for Q4 rose to $1.95B, up 11% from the same period a year ago. 

"Record live services performance and increased engagement, particularly from our EA SPORTS FIFA franchise, drove better-than-expected Q4 net bookings, capping a strong finish to the fiscal year," the company said.

Looking to fiscal 2024, the company guided EPS in a range of $3.30 to $3.81 on revenue of between $7.3B and $7.7B, in line with estimates of $3.69 and $7.54B, respectively. Net bookings are expected to be approximately $7.30B to $7.7B, the company said.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.