Electronic Arts Inc. (NASDAQ:EA) Q1 2025 Earnings Conference Call July 30, 2024 5:00 PM ET

Company Participants

Andrew Uerkwitz - VP, IR
Andrew Wilson - CEO
Stuart Canfield - CFO

Conference Call Participants

Eric Sheridan - Goldman Sachs
Matthew Cost - Morgan Stanley
Chris Schoell - UBS
Cory Carpenter - JPMorgan
Andrew Marok - Raymond James
Colin Sebastian - Baird
Clay Griffin - MoffettNathanson

Operator

Good afternoon. My name is Robin. I will be your conference operator today. At this time, I'd like to welcome everyone to the Electronic Arts First Quarter Fiscal Year 2025 Earnings Conference Call.

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

Andrew Uerkwitz

Thank you. Welcome to EA's first quarter fiscal 2025 earnings call. With me today are Andrew Wilson, our CEO; and Stuart Canfield, our CFO. Please note that our SEC filings and our earnings release are available at ir.ea.com. In addition, we have posted detailed earnings slides to accompany our prepared remarks.

Lastly, after the call, we will post our prepared remarks, an audio replay of this call and a transcript. With regards to our calendar, our Investor Day is scheduled for Tuesday, September 17, and our second quarter fiscal year 2025 earnings call is scheduled for Tuesday, October 29. As a reminder, we post the schedule of upcoming earnings calls for the fiscal year on our IR website.

This presentation and our comments include forward-looking statements regarding future events and the future financial performance of the Company. Actual events and results may differ materially from our expectations. We refer you to our most recent Form 10-K, for a discussion of risks that could cause actual results to differ materially from those discussed today. Electronic Arts makes these statements as of today, July 30, 2024, and disclaims any duty to update them.

During this call, the financial metrics with the exception of free cash flow and non-GAAP operating margin will be presented on a GAAP basis. For more information on our non-GAAP operating margin, please see our earnings slides and the FAQ document available on our Investor Relations website. All comparisons made in the course of this call are against the same period in the prior year unless otherwise stated.

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

Andrew Wilson

Thanks, Andrew. Hello, everyone, and good afternoon.

We started our FY '25 strong. We beat our net bookings guidance and we executed across our business, as we entertained and connected hundreds of millions of people around the world. Throughout Q1 we drove progress along our three strategic priorities of entertaining and engaging massive online communities, telling blockbuster stories, and harnessing the power of community in and around our games.