Electronic Arts Inc (NASDAQ:EA, XETRA:ERT) beat fourth-quarter revenue estimates, with sports and live service franchises holding steady amid restructuring, as investors focused on the company's pending acquisition deal.
The Redwood City, California-based company posted Q4 revenue of $2.12 billion, exceeding analyst estimates of $2 billion. Non-GAAP earnings per share came in at $1.59 for the quarter, while full-year FY:26 non-GAAP EPS reached $7.88. Net income for the quarter was $461 million.
Q4 net bookings of $1.86 billion missed estimates, but full-year bookings hit a record $8.03 billion, up 9% year-over-year, driven by Battlefield 6. Operating cash flow grew 23% to $2.55 billion. Apex Legends and Global Football both posted year-over-year growth.
EA is undergoing a significant strategic pivot, cutting game titles and refocusing its portfolio around live service games and sports franchises. The company suspended full-year guidance after Q1 FY:26 following its deal announcement and has not provided FY:27 guidance.
The bigger story for investors, according to Wedbush analysts, is the company's progress toward closing its pending deal with a consortium including the Public Investment Fund of Saudi Arabia, Silver Lake, and Affinity.
The transaction, announced in September 2025, targeted a close by the end of June 2026.
Wedbush maintained its Neutral rating and 12-month price target of $210, which reflects the announced deal price. The firm lowered its forward estimates modestly, citing a more conservative outlook for live services, primarily around the Battlefield 6 cohort, while maintaining constructive assumptions for Apex Legends and Global Football.
Shares edged 0.2% higher on Wednesday morning.