Video game company Electronic Arts Inc (NASDAQ:EA) reported first-quarter financial results after market close Tuesday.
Here are the key highlights.
What Happened: Electronic Arts reported first-quarter net bookings of $1.26 billion, down from $1.58 billion in last year’s first quarter total of $1.58 billion, according to data from Benzinga Pro.
The net bookings came in ahead of company guidance of $1.25 billion. Net revenue for the quarter was $1.66 billion, compared to $1.92 billion in last year’s first quarter.
Electronic Arts said Madden NFL 24, FC Online and FC Mobile had strong performances in the first quarter.
The company saw EA Sports FC have tens of millions of new fans engage with the franchise in the quarter thanks to real-world tournaments and events.
For the EA Sports Madden NFL franchise, the company saw weekly average users and total net bookings that were up double digits year-over-year.
The company repurchased 2.8 million …