Benzinga | May 11, 2021 04:05PM EDT

Electronic Arts Sees FY22 EPS ~$1.34, Net Revenue $6.8B, Net Bookings ~$7.3B

Business Outlook as of May 11, 2021

Our financial expectations for the first quarter ending June 30, 2021 and the fiscal year ending March 31, 2022 include estimates of the impact of our recent acquisitions on consolidated results, including our acquisition of Glu Mobile on April 29, 2021. The GAAP and operating cash flow estimates could be materially impacted as we integrate these recent acquisitions.

Fiscal Year 2022 Expectations -- Ending March 31, 2022

Financial metrics:

* Net revenue is expected to be approximately $6.800 billion. Change in deferred net revenue (online-enabled games) is expected to be approximately $500 million. Net income is expected to be approximately $390 million. Diluted earnings per share is expected to be approximately $1.34. Operating cash flow is expected to be approximately $1.750 billion. The Company estimates a share count of 292 million for purposes of calculating fiscal year 2022 diluted earnings per share. Operational metric: