Electronic Arts (EA) 29 Oct 242025 Q2 Earnings call transcript

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

I would now like to turn the conference over to Mr. Andrew Uerkwitz, Vice President, Investor Relations. ahead. go Please

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 Second 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

X, is XXXX. calendar, our third fiscal scheduled With for call February regards our to XXXX quarter earnings

As post year earnings our we a for IR calls upcoming reminder, of schedule the the on fiscal website.

cause our our forward-looking materially and recent discussion future differ to Actual This them. duties comments Arts makes presentation XX-Q Form of and the results and events events from discussed regarding from today, the could our and of performance disclaims XXXX, company. as that most risks of October today. include actual those a to XX, statements expectations. may any these Electronic materially differ future update for We results financial you to statements refer

this made exception the otherwise the presented prior stated. a the operating comparisons metrics, basis. with margins cash unless are call on same free the period this call, in All and During will flow of financial be course against year, of GAAP non-GAAP in the

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

again Thanks, strong guidance. year the in overdelivered we and Andrew. quarter EA's our as afternoon. year Good continues raised full fiscal

vision. increasing and across strategic by depth our and driven quality quarter progress teams delivered this the and against our amazing momentum our success the of by Our content business highlights our portfolio

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to share basis results to of a deferred $X.XX The impact This points. revised XX.X% be We earnings approximately margin XX change to $X.XX. is expect in net revenue to from per expected to non-GAAP XX in be operating XX.X%.

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to a guidance $X.XX unchanged. free cash billion remains flow our As result, of billion $X.XX

to FX. expect As net in minimal reminder, $XXX we prior we a cash from impact remain had million from rates benefit today, tax unchanged If bookings a the year.

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And are and now your take ready Stuart questions. to I

Thanks, Andrew.

one now the reminder, to John, a are one first take take question With each As question. we ready from will that, follow-up and we analyst.

[Operator Colin Instructions] line Sebastian Your first question the of comes with Baird. from

more Great. football. you follow-up, but long-term Andrew, to involved a The football, of more road as I done growth give a your a year-over-year us follow-up lot that those in for potentially of well guess with college that that as that? impressive, Obviously, much of services? any the very with there's a data, app, basis? broader for on product that. video on in guess will with one should a sort content momentum capture little into live community level? there on obviously do plans details the plans visibility American of map role games EA maybe in rollout sports Sports I the the partnerships the sports, growing launch we sustained on a and And sports how opportunities the how think And cadence about information play connecting How

questions. There's in you. Thank great there, Okay. a lot but

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comes of Handler Your the ROTH from next from question line Capital. Eric

to services if you're your mean in down about live being Should for for wonder for sports? non-sports that double as guidance terms think that services digits? does will And year this be willing break I your you'd of about sort thinking of between up business? what live we

Eric, Stuart.

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do in bookings. that you should growth through We driven live and we of And see have half NFL, the have billion to $X stated the we've we services a to net elements. both back said to digits X of we live year. will by that's mid-single service be continue and our couple key expect across One, business College think continue reach over

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And then follow-up. Okay. a just as

in of what learnings in and Apex. season with any battle you the So for and as other take the XX, I types thinking progress of How terms experiences you season believe, the passes you are about next the for season?

Yes.

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guidance as outline post Day. to that talked we giving about previously we think I tried Investor

service innovation ongoing deeper as the of and how the as reinvigorate changed product and we of part bring fundamentally set We have are move forward. part the into feature we

on We extended split back on make we of the inside launched X. did split conversion meaningful and our Day, way the that levels first actually the we to Investor saw We into Battle So call aspect freemium first period, point meaningful We actually entry prior that Pass through. get premium changes. we the as out.

part the a engagement have We base rest way and through reflected the the cycle the this player we of have of all that seen lower of year.

So Apex. we Andrew's have and incredible IP game inside earlier comments, an of

to to have to you parts and future making get we we meaningful systemic the as invest to latter behind early through product expect the change continue can look see the business grow XXXX we sure back start We and as the beyond. change us we of inside that and

a we think there little Apex. about add might I something as

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incredibly good very about and us brand incredibly as in mechanic We have very strong in a And Apex, we strong position do that community. think given that so an committed top have an global really you tier. a reached we're

forward, go we on investing X be vectors. As we'll really

and seasons we've as oriented the the in time. way game is driven from season-by-season has us a is what basis. our is think systematic quality on progressively bigger first of game course about sentiment and seen changes meaningful time, few the we adding to base, that broadly on fundamentally teams player creativity and kind in content, also Very over observed season last our But growth of level need each innovation our what the point, a more of high amongst as of that function very the step for the Stuart's high well. we're and are plays drops you've growth season over working to the The innovation

but brand, right over have believe these time. current virtue in where free-to-play of return size to of a games tier top managing And are so strength the live of the the do in growth that the that hold we of service business. course be of we trajectory the the side the business the position now the will community, able global moment the we of we by to

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

of explanation the there. off Maybe back last building that

change? the As rebuild that go of Apex, the require systematic than be Apex car X.X may can like rethink is to incremental studs you're up might of motion? rather in a the maybe an something and done whole a something much be this way this how Or fixing through going it part like about while is

is at question almost It's the this games beyond as a what But the driven the typically, what the scale never live of probably X -- and have I scope has would that in X is thing of been thing. context really service say seen again, as conversation. successful good version we version

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never Anytime a our creativity, we that's the to to choose and investments made future date good community put place have to to a in. player between global they've community innovation call

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for add just to Andrew, that.

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