Electronic Arts late Tuesday beat analyst estimates for the video game publisher's fiscal second quarter, thanks to a strong performance from its football and soccer games. EA stock rose in extended trading.
The Redwood City, Calif.-based company earned an adjusted $2.15 a share on net bookings of $2.08 billion in the quarter ended Sept. 30. Analysts polled by FactSet had expected EA earnings of $2.03 a share on adjusted sales of $2.04 billion. On a year-over-year basis, EA's adjusted earnings rose 46% while net bookings increased 14%.
EA's fiscal Q2 results got a lift from popular sports titles such as "Madden NFL 25," "EA Sports College Football 25" and "EA Sports FC 25."
"Q2 was another successful quarter for EA, exceeding the high end of our guidance range," Chief Financial Officer Stuart Canfield said in a news release. "As a result, we are also raising our fiscal 2025 outlook."
For its fiscal year ending March 31, EA now expects net bookings of $7.5 billion to $7.8 billion. The midpoint of $7.65 billion tops the consensus estimate of $7.62 billion.
EA Stock Rises On Fiscal Q2 Results
In after-hours trading on the stock market today, EA stock climbed more than 1% to 148. During the regular session Tuesday, EA stock rose 1% to close at 145.62.
EA stock is in a 13-week flat base with a buy point of 153.50, according to IBD MarketSurge charts.
EA stock ranks third out of 21 stocks in IBD's video game software industry group, according to IBD Stock Checkup. But it has a middling IBD Composite Rating of 50 out of 99.
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