With companies closing out another fiscal quarter, many are reporting their quarterly financial earnings, and that includes tech and gaming groups. Electronic Arts has quite a bit going for it this year, including current and ongoing projects, but it seems a lot of the best stuff is still to come from software giant. Nonetheless, it didn’t stop EA from putting up a Q1 2022 that rocked its own revenue forecasts and even beat out its earnings-per-share expectations by a decent amount.
Electronic Arts posted its Q1 2022 earnings results on its investor relations website on August 4, 2021. Highlighted among its reporting was a notable win in actual net revenue vs. its expectations. EA reported a net revenue of $1.55 billion USD in Q1 2022 over its expected revenue of $1.28 billion. That wasn’t the only win though. Electronic Arts was also able to put up a win in its earnings-per-share, which boasted $0.71 vs. the company’s expectation of $0.63 in Q1 2022. Even so, it was unable to beat out the Wall Street expectation, which put a whisper number at $0.74 in earnings per share.