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Electronic Arts Inc   (EA)
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Despite Revenue Increase, Electronic Arts Inc. Reports Fiscal Deficit, with Earnings Plunging per Share

EA announced fourth quarter of 2023 operating surplus of $175 million


Published May 25 2023 / Modified May 25 2023
CSIMarket Team / CSIMarket.com


tablet_By_Bin_im_Garten_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons- Electronic Arts Inc slipped into a deficit of $-0.04 per share, compared to a profit of $0.80 per share a year before.
Income per share also fell from $0.73 to an undisclosed amount.
- Revenue grew moderately by 2.685% to $1.87 billion, but sequentially decreased by -0.372% from $1.88 billion.
- The company logged a net deficit of $-12.000 million for the most recent fiscal period, compared to a bottom line of $225.000 million a year before.
- Operating earnings fell 52.05% to $175 million, significantly decreasing the operating margin to 9.34% from 20% in Q4 2022.
- For the fiscal year 2023, Electronic Arts Inc earned $802 million in earnings and declared revenue of $7.43 billion, with an improved income per share of $2.88 (up from $2.76) and a revenue increase of 6.22% from $6.99 billion the previous year.
- The company is expected to release its next financial results on August 08, 2023.

The financial results show that Electronic Arts Inc experienced a significant decline in net profits, with a deficit in the most recent fiscal period as opposed to a substantial profit in the previous reporting period.
The decrease in operating earnings and margins could also affect the company's ability to allocate resources towards new projects, thereby affecting its future growth.
However, the moderate growth in revenue and the improvement in income per share for the fiscal year are positive indicators for the company's steadiness in the long run.
Going forward, it would be essential for Electronic Arts Inc to identify its growth drivers, streamline costs, and optimize its operations to remain a competitive player in the software and programming industry.



Electronic Arts Inc's Price to earnings ratio PE

Electronic Arts Inc's Operating Margin



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