ELECTRONIC ARTS INC（EA）の決算・業績分析
ELECTRONIC ARTS INCの2025年有価証券報告書をAI分析。売上高$7.5B(-1.3%)。営業利益$1.5B。Information Technology。
目次
ELECTRONIC ARTS INCの2025年度 業績サマリー
ELECTRONIC ARTS INC（証券コード: EA）の2025年度決算・業績分析。売上高は$7.5B（前年比-1.3%）。営業利益は$1.5B（前年比+0.1%）。純利益は$1.1B（前年比-11.9%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
ELECTRONIC ARTS INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $7.0B (+24.2% YoY) in FY2024, driven by strong live services (73% of net revenue) (XBRL).
- Net income declined by 5.7% YoY to $789M, despite a 7.9% YoY increase in operating income to $1.1B (XBRL).
- Free cash flow turned negative at $-905M, reflecting heavy investing in growth initiatives ($-2.8B investing CF) (XBRL).
- Gross margin remained robust at 73.4%, but net margin fell to 11.3% from prior years (XBRL).
- Shareholder returns totaled $1.5B through dividends ($193M) and buybacks ($1.3B) (XBRL).
ELECTRONIC ARTS INCの売上高変化の要因
- •Revenue grew to $7.0B in FY2024, up from $5.6B in FY2023, reflecting a 5-year CAGR of +7.6% (XBRL). Live services (73% of net revenue) and multi-platform business models drove growth, though operating income growth slowed to +7.9% YoY (from $1.0B in FY2023) (XBRL). Historical data shows revenue expanded from $5.2B in FY2020 to $7.4B in FY2025, though operating income declined slightly in FY2024 compared to FY2023 (XBRL).
ELECTRONIC ARTS INCの営業利益変化の要因
- •Gross profit of $5.1B (73.4% margin) remained stable, while operating income rose 7.9% YoY to $1.1B (16.1% margin). Net income fell 5.7% YoY to $789M (11.3% margin), likely due to increased expenses or one-time costs not detailed in the data (XBRL). Gross margin has held steady, but net margin declined from prior years, reflecting pressure on cost structures or non-operating items (XBRL).
ELECTRONIC ARTS INCの事業リスクと対応
N/A: No specific risk factors were detailed in the 10-K text (10-K).
N/A: No new risk factors or changes in the risk landscape were identified (10-K).
N/A: No risks were quantified with dollar amounts or probabilities (XBRL)/(10-K).
N/A: No regulatory, legal, or geopolitical risks were highlighted (10-K).
N/A: No data on competitive position, technology disruption, or market conditions was provided (XBRL)/(10-K).
ELECTRONIC ARTS INCの事業内容
Electronic Arts Inc. (EA) develops and publishes digital interactive entertainment across consoles, PCs, mobile devices, and tablets, generating revenue through game sales, live services (e.g., Ultimate Team, Apex Legends extra content), and multi-platform business models. Live services accounted for 73% of total net revenue in FY2024 (10-K). Key products include EA SPORTS FC, Apex Legends, Battlefield, and The Sims, spanning sports, racing, first-person shooters, action, role-playing, and simulation genres. EA's competitive advantages include a strong portfolio of intellectual property, a culture of innovation, and a large network of hundreds of millions of active users (10-K).
ELECTRONIC ARTS INCのAI業績分析レポート（2024年度）
Electronic Arts Inc. (EA) FY2024 Annual Report Analysis
Highlights
Business Overview
Electronic Arts Inc. (EA) develops and publishes digital interactive entertainment across consoles, PCs, mobile devices, and tablets. Revenue is generated through game sales, live services (e.g., Apex Legends extra content, Ultimate Team), and multi-platform business models. Key products include EA SPORTS FC, Apex Legends, Battlefield, and The Sims, spanning sports, racing, first-person shooters, action, role-playing, and simulation genres. EA's competitive advantages include a strong portfolio of intellectual property, a culture of innovation, and a large network of hundreds of millions of active users (10-K).
Revenue Analysis
Revenue grew to $7.0B in FY2024, up from $5.6B in FY2023, reflecting a 5-year CAGR of +7.6% (XBRL). Live services (73% of net revenue) and multi-platform business models drove growth, though operating income growth slowed to +7.9% YoY (from $1.0B in FY2023) (XBRL). Historical data shows revenue expanded from $5.2B in FY2020 to $7.4B in FY2025, though operating income declined slightly in FY2024 compared to FY2023 (XBRL).
Profitability Analysis
Gross profit of $5.1B (73.4% margin) remained stable, while operating income rose 7.9% YoY to $1.1B (16.1% margin). Net income fell 5.7% YoY to $789M (11.3% margin), likely due to increased expenses or one-time costs not detailed in the data (XBRL). Gross margin has held steady, but net margin declined from prior years, reflecting pressure on cost structures or non-operating items (XBRL).
Balance Sheet Analysis
Equity ratio of 58.2% and debt-to-equity (D/E) ratio of 0.79x indicate moderate leverage (XBRL). Current ratio of 1.21x suggests adequate liquidity. Return on equity (ROE) of 10.1% and return on assets (ROA) of 5.9% reflect efficient capital use, though ROA has declined from prior years (XBRL). Total assets decreased slightly from $13.8B in FY2023 to $13.5B in FY2024, while total equity increased from $7.5B to $7.8B (XBRL).
Cash Flow Analysis
Operating cash flow of $1.9B was offset by negative free cash flow ($-905M) due to $-2.8B in investing cash outflows (primarily capital expenditures) and $-1.6B in financing outflows (dividends and buybacks) (XBRL). Depreciation and amortization totaled $162M, while share repurchases of $1.3B and dividends of $193M returned value to shareholders (XBRL).
Working Capital Analysis
Receivables days stood at 36 days, and payables days at 19 days (XBRL). Asset turnover of 0.52x indicates moderate efficiency in deploying assets. Cash conversion cycle (CCC) could not be calculated due to missing inventory data (XBRL).
Risks
Outlook
N/A: Management guidance and forward-looking trends were not mentioned in the 10-K text (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 5.2B | 5.0B | 5.5B | 5.6B | 7.0B | 7.4B |
| Operating Income | 1.4B | 996M | 1.4B | 1.0B | 1.1B | 1.3B |
| Net Income | 1.0B | 1.0B | 3.0B | 837M | 789M | 802M |
| Total Assets | 9.0B | 11.1B | 13.3B | 13.8B | 13.5B | 13.4B |
| Total Equity | 4.1B | 4.6B | 5.3B | 7.5B | 7.8B | 7.6B |
| Operating Cash Flow | 1.7B | 1.5B | 1.8B | 1.9B | 1.9B | 1.6B |
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