EA Releases Q4 FY2012 Results: $1.36 Billion In Earnings, 24% YOY Increase

Posted on May 8 2012 - 4:56am by Editorial Staff

The gaming company Electronic Arts’ has released its Q4 FY2012 earnings: the company reported a total of $1.36 billion in earnings for the quarter, a 24 percent year-over-year increase. Digital sales earning $419 million for the quarter increased 98 percent over FY2011. The 2012 fiscal year (ended March 31) revenue increased 15 percent over FY2011, to $4.14 billion, its net income fell from $276 million to $76 million during the same time period.

“Digital growth drove our margins in fiscal 12 and we project this trend will continue in fiscal 13,” said Interim Chief Financial Officer Ken Barker.  “We saw more than 20 percent non-GAAP diluted EPS growth in fiscal 12, and are guiding to more than 30 percent growth in fiscal 13 based on the midpoint of our guidance.”

For the quarter, non-GAAP net revenue of $977 million was slightly ahead of EA’s guidance of $925 million to $975 million. Non-GAAP diluted earnings per share of $0.17 were in line with EA’s guidance of $0.10 to $0.20. Non-GAAP net revenue in Q4 fiscal 2012 was slightly lowers as compared to Q4 fiscal 2011 due to a reduction in the number of package goods titles in the quarter

The company event put up the expectations for the first quarter fiscal year 2013 (ending June 30, 2012). The company is expecting GAAP net revenue is expected to be approximately $950 million. Non-GAAP net revenue is expected to be approximately $500 million. GAAP diluted earnings per share is expected to be approximately $0.40 to $0.48.

Non-GAAP loss per share is expected to be approximately ($0.45) to ($0.40). For purposes of calculating first quarter fiscal year 2013 diluted earnings per share, the Company estimates a share count of 322 million, and 318 million shares for calculating loss per share.

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