Electronic Arts Inc.

Good afternoon. My name is Julianne, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Electronic Arts Second Quarter Fiscal Year 2023 Earnings Conference Call. Mr. Chris Evenden, Vice President, Investor Relations, you may begin your conference.

Thank you. Welcome to EA's Second Quarter Fiscal 2023 Earnings Call. With me today are Andrew Wilson, our CEO, Chris Sir, our CFO, and Laura Miele, our COO. Please note that our SEC filings and our earnings release are available at ir.ea.com. In addition, we have posted detailed earnings slides to accompany our prepared remarks. Lastly, after the call, we will post our prepared remarks, an audio replay of this call, our financial model, and a transcript. With regards to our calendar, our Q3 fiscal 2023 earnings call is scheduled for Tuesday, January 31st. As a reminder, we post the schedule of our entire fiscal year of upcoming earnings calls on our IR website. This presentation and our comments include forward-looking statements regarding future events and the future financial performance of the company. Actual events and results may differ materially from our expectations. We refer you to our most recent Form 10Q for a discussion of risks that could cause actual results to differ materially from those discussed today. Electronic Arts makes these statements as of today, November 1st, 2022, and disclaims any duty to update them. During this call, the financial metrics, with the exception of free cash flow, will be presented on a GAAP basis. All comparisons made in the course of this call are against the same period in the prior year, unless otherwise stated. And now, I'll turn the call over to Andrew. Thanks, Chris. It's great to be here with you all.

We delivered solid performance across our business in Q2. driven by our EA Sports portfolio and our multi-platform live services business. Our broad IP, exceptional talent, and growing player network of more than 600 million are the foundation of strength and stability in an uneven macro environment. During Q2, we launched premier sports games and provided over 120 content updates on 35 titles across our global catalog. Our teams are deeply committed to delivering amazing games and entertainment that inspire fans to play, create, watch, and forge enduring social connections. Our broad IP portfolio is unrivaled in the gaming industry. Foundational to our leadership is EA Sports, with breadth and depth of partnerships that allow us to continue delivering deeply immersive experiences to fuel long-term growth. Our global football business demonstrates the power of a multi-platform ecosystem. with a massive community engaging through multiple experiences. In Q2, we delivered our biggest EA Sports FIFA console and PC launch in history. In addition, in FIFA Mobile, daily, weekly, and monthly active players were up more than 100% year-over-year. And our free-to-play FIFA Online service in Asia delivered record performance. Now, the entire global football community across our ecosystem will benefit from the unique holiday timing of the World Cup. Next week, we'll launch new World Cup content into FIFA 23, FIFA Mobile and FIFA Online, designed to attract, engage and entertain players throughout the tournament and beyond. For nearly 30 years, we've delivered the biggest and highest quality football games to fans all over the world. Across our ecosystem, we've built the world's largest football community with our players, 19,000 athletes, 700 teams, 30 leagues and federations, and more than 300 partners. As we now move into the future with EA Sports FC, we have even greater opportunity to engage the global audience of three and a half billion football fans. Players will continue to experience everything they love about our games today. The modes, leagues, competitions, clubs, athlete, brands, and more. We'll push the technical boundaries for even greater innovation, immersion, and authenticity. Through more platforms and new modalities, we will reach new football fans all around the world, bringing them into our global community. This is what EA Sports FC is all about. In this unique year, with our biggest ever console and PC title, a deeply engaging worldwide mobile experience, our online PC services in Asia, and now with men's and women's World Cup content coming, we are in an incredible position to unlock a truly extraordinary future with EA Sports FC. As the consumption of entertainment and sport converge and grow, EA Sports offers fans immersive experiences like no other. An ability to play, create, watch, and connect with friends and the sports they love 365 days a year. Now more than ever, Madden NFL is deeply ingrained into the fabric of NFL fandom, reaching broader entertainment audiences. With the sport of F1 continuing its growth trajectory, especially in the US, we are well positioned to expand the total addressable market for our F1 franchise. We have more than 200 million players engaged in our EA Sports games. As we look to the future of FC, Madden NFL, F1, NHL, UFC, PGA Tour and more, we will continue growing these ecosystems to reach new fans, expand to new experiences and create more social connectivity to fuel the enjoyment of sport. Our own IP franchises continue to be among the most deeply engaging and culturally relevant entertainment properties in the world. Apex Legends is driving massive growth in emerging markets, and the team continues to build its content, universe, characters, and storylines across multiple platforms and experiences. As we expand our console, PC, and mobile experiences, Apex has captured the imagination of our global community beyond play. Not only are they playing, watching, and competing, they are captivated by the lore, the worlds, and storylines in and outside the game. We are just getting started and believe Apex will be one of the most important IPs in the world. Engagement in our Sims franchise continues to grow with millions of players unleashing their imaginations full of creativity, humor, and individuality, both in-game and across the entire ecosystem. We expect engagement to grow with the Sims 4 base game recently becoming free to enter. Looking ahead, our team is working on a new creative platform for our Sims community, giving them more collaborative ways to play, create, connect, and share stories with their friends. In Q2, we also announced an exciting long-term multi-game collaboration with Marvel, joining forces with a culture-defining powerhouse to expand our entertainment offerings. From our EA Sports League partners to Disney's Star Wars and Marvel universes and more, we're partnering to grow our global communities, build value together, and co-create the future of entertainment. Our player network of more than 600 million worldwide continues to grow. The unique value of this network is our ability to create new communities and meaningful connections that matter. In fact, More than three quarters of EA players engage with gaming content beyond the game itself. Reading, watching and creating content and engaging in social conversations through shared fandom. With EA Sports FC, Apex, The Sims, Skate and more all poised to feel fun and social connection, our growing network will continue adding long-term value. As we look ahead, our talented teams are focused on building extraordinary experiences that drive deep engagement to grow communities and reach new audiences, particularly Gen Z and Gen Alpha, who are turning to games as their preferred choice for entertainment and social connection. Games continue to be one of the fastest growing forms of entertainment and the social networks of the future. We're in the privileged position of creating what people love doing more than anything else with their friends and family. Through our broad IP, our creative talent, and our growing network of players, we are well positioned to lead the future of entertainment and deliver long-term value. Now, I'll turn the call over to Chris.