EA beats expectations with $1.98 billion in Q3 revenue as live operations grow

Electronic Arts reported earnings today that beat Wall Street’s expectations for the third fiscal quarter ended December 31, thanks to strong games like Star Wars Jedi: Fallen Order and live operations revenues from existing games.

The Redwood City, California-based EA, a bellwether for video game companies, said its earnings per share were $2.52 a share on non-GAAP revenues (bookings) of $1.978 billion, as calculated by Wedbush analyst Michael Pachter. That compares to analyst expectations of adjusted EPS of $2.45 on revenue of $1.94 billion. In afterhours trading, EA’s stock price was down 6% at $105 a share. (So yes, it’s not really clear why the stock is falling).