Electronic Arts Inc. (NASDAQ:EA) Q4 2021 Earnings Conference Call May 11, 2021 5:00 PM ET Company Participants Chris Evenden – Vice President-Investor Relations Andrew Wilson – Chief Executive Officer Blake Jorgensen – Chief Financial Officer and Chief Operating Officer Conference Call Participants Colin Sebastian – Baird Stephen Ju – Credit Suisse Brian Fitzgerald – Wells Fargo Alexia Quadrani – JP Morgan Mike Ng – Goldman Sachs Mario Lu – Barclays Mike Hickey – Benchmark Company Drew Crum – Stifel Andrew ...

Electronic Arts Inc. (NASDAQ:EA) Q3 2021 Earnings Conference Call February 2, 2021 5:00 PM ET Company Participants Chris Evenden - Vice President, Investor Relations Andrew Wilson - Chief Executive Officer Blake Jorgensen - Chief Financial Officer and Chief Operating Officer Conference Call Participants Michael Ng - Goldman Sachs Mario Lu - Barclays Ryan Gee - Bank of America Todd Juenger - Sanford Bernstein Mike Hickey - Benchmark Company Drew Crum - Stifel Matthew Thornton - Truist Securities Andrew Maro ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |--------------------------------------------------------------------------------|------------------------------------------| | | ...

Financial Performance - Electronic Arts beat company expectations on both top and bottom line [7] - The company delivered a record operating cash flow (OCF) of $2.04 billion for the trailing twelve months [7] - A new two-year $2.6 billion share repurchase program was announced [7] - A quarterly dividend of $0.17 per share was initiated [7] Key Growth Drivers - The FIFA franchise was having its biggest calendar year ever, with business across all platforms up 26% year-over-year in net bookings, even prior to the launch of FIFA 21 [3] - EA SPORTS Ultimate Team has more than 30 million players this year, up 25% year-over-year [4] - Apex Legends net bookings were up 24% year-over-year and is likely to deliver more than $500 million during the fiscal year [4, 10] - Mobile grew 4% year-over-year [10] Digital Sales - 56% of units sold through are now digital rather than physical, measured on Xbox One and PlayStation 4 over the last twelve months [10] - After eight weeks of Madden NFL 21 sales, digital accounted for 66% of units sold through to players, and after the first three weeks of FIFA 21, the number was 50%, both up 14 points year-over-year [10] Fiscal Year Guidance - The company forecasts net bookings of $5.95 billion for the fiscal year [34] - The company forecasts GAAP EPS of $3.15 for the fiscal year [34]

Financial Data and Key Metrics Changes - The second quarter of FY 2021 showed continued strength with net revenue and earnings above guidance, driven by live services and new game launches [6][22] - Operating expenses came in materially below expectations, leading to a record trailing 12-month cash flow of $2.04 billion [26][27] - The company initiated a $2.6 billion share repurchase program and declared a quarterly cash dividend of $0.17 per share, marking the first dividend in the company's history [27][28] Business Line Data and Key Metrics Changes - EA SPORTS continues to lead with Madden NFL 21 having nearly 30% more players year-over-year from launch, and FIFA franchise engaging over 100 million players globally [7][8] - Live services net bookings grew more than 28% year-over-year, with EA SPORTS Ultimate Team having over 30 million players, up 25% year-over-year [10][11] - Apex Legends is on track to deliver over $500 million in net bookings, with significant growth potential in mobile and international markets [23][17] Market Data and Key Metrics Changes - The FIFA franchise had a 26% year-over-year increase in net bookings, with FIFA 20 reaching nearly 35 million players on console and PC [8][25] - Japan is now the second-largest market for Apex Legends, indicating strong international expansion opportunities [17] - The company expects to double its EA PLAY subscriber base over the next 12 months, with over 6.5 million paid subscribers currently [11][12] Company Strategy and Development Direction - The company plans to launch at least six new games on next-gen consoles in FY 2022, including a new Need for Speed and the next Battlefield game [16][18] - There is a focus on expanding live services and reaching more players across platforms, including new titles on Switch and Google Stadia [14][18] - The company is exploring new mobile game opportunities and partnerships to enhance its mobile gaming portfolio [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth into FY 2022 and beyond, driven by strong engagement and new game launches [31][30] - The ongoing pandemic has shifted entertainment consumption towards online gaming, which the company expects to benefit from [35] - Management is cautious about predicting the impact of COVID-19 resurgence but believes online entertainment will remain a key engagement avenue [34][35] Other Important Information - The company is optimistic about game approvals in China and is focusing on key markets for mobile game rollouts [36][37] - The partnership with Microsoft Game Pass is seen as a strategic move to enhance subscription access and grow the player base [40][41] Q&A Session Summary Question: Trends in Europe and the U.S. amid COVID-19 resurgence - Management noted that the current situation differs from earlier in the year, with expectations of continued online engagement despite pandemic fatigue [34][35] Question: Update on China game approvals for Apex - Management expressed optimism about approvals but acknowledged the unpredictability of the process [36][37] Question: EA PLAY partnership with Microsoft Game Pass - The partnership aims to provide frictionless access to EA PLAY, enhancing player engagement across platforms [40][41] Question: Performance of Madden NFL 21's new mode, The Yard - Early engagement in The Yard has been strong, contributing positively to player experience [46][48] Question: Future of mobile games under new leadership - The new head of mobile games is expected to enhance engagement and monetization strategies for existing franchises [52][55] Question: Free next-gen upgrades and impact on purchasing decisions - Management acknowledged that some players may delay purchases due to the upgrade option but emphasized the importance of consumer experience [59][60] Question: M&A activity in relation to buybacks and dividends - Management clarified that the buyback and dividend do not indicate a lack of interest in M&A, maintaining a focus on growth opportunities [75][78]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 000-17948 (650) 628-1500 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of ...

Electronic Arts Inc. (NASDAQ:EA) Q1 2021 Earnings Conference Call July 30, 2020 5:00 PM ET Company Participants Andrew Wilson - CEO Blake Jorgensen - COO Conference Call Participants Mario Lu - Barclays Todd Juenger - Sanford C. Bernstein Ryan Gee - Bank of America Michael Ng - Goldman Sachs Group Operator … Abrupt start… …in addition to the ongoing challenges of the pandemic, these last few months have brought forward important cultural conversations around racial and social injustice, harassment and misco ...