Q1 2026 Electronic Arts Inc Earnings Call Transcript
Key Points
- Electronic Arts Inc (EA) delivered a strong first quarter for fiscal year 2026, exceeding the high end of their guidance.
- The company's EA Sports business continues to be a pillar of strength, with significant growth in Global Football, particularly in FC Mobile and FC Online.
- Apex Legends showed sequential growth and engagement, driven by strong player retention and positive reception of new content.
- The upcoming release cycle is described as the most exciting in EA's history, with highly anticipated launches like Battlefield 6 and continued innovation in EA Sports titles.
- EA's partnerships with major sports franchises like FC, F1, and NFL are deepening fan engagement and cultural relevance, driving growth and engagement.
- Live services net bookings were down 1%, indicating some challenges in maintaining growth in this area.
- Operating expenses increased by 9%, primarily due to increased people costs and strategic investments, which could impact profitability.
- The American football ecosystem is expected to be an 8-point headwind year over year for the quarter, with growth anticipated only in the second half of the fiscal year.
- There is no change in pricing strategy for games like Battlefield, which could limit revenue potential compared to competitors exploring higher price points.
- The company faces competitive pressure from other major releases, such as Call of Duty, which could impact the performance of Battlefield 6.
Good afternoon. My name is Sarah, and I will be your conference operator at this today. At this time, I would like to welcome everyone to the Electronic Arts first-quarter fiscal year 2026 conference call. I would now like to send the conference over to Mr. Andrew Uerkwitz, Vice President, Investor Relations. Please go ahead.
Thank you. Welcome to EA's first-quarter fiscal year 2026 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 second-quarter fiscal year 2026 earnings call is scheduled for October 28, 2025. As a reminder, we post the schedule of upcoming earnings calls for the fiscal year on our IR website.
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