Electronic Arts Inc.

Good afternoon. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Electronic Arts fourth quarter and fiscal year and 2023 conference call. I would now like to turn the conference over to Mr. Stuart Canfield, Senior Vice President, Finance and Investor Relations. Please go ahead.

Thank you. Welcome to EA's fourth quarter and fiscal year end 2023 earnings call. With me today are Andrew Wilson as CEO, Chris Suh as CFO, and Laura Miele as 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'll post our prepared remarks an audio replay of this call, and a transcript. With regards to our calendar, our first quarter fiscal 2024 earnings call is scheduled for Tuesday, August 1st. As a reminder, we post the schedule of upcoming earnings calls for the fiscal year 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 10-Q 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, May 9, 2023, 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 gap basis. All comparisons made in the course of this call are against the same period in the prior year unless otherwise stated. Now I'll turn the call over to Andrew. Thanks, Stuart.

I hope all of you are well. I want to start by sharing how inspired and proud I am of our teams. Against macro uncertainty and constant change, we navigated the year with resilience and determination. Throughout fiscal year 2023, we showed the strength of our business, delivered for our players, and lived up to the promise of our values. To every EA employee, thank you. Over the fiscal year, we executed across our business, delivering high-quality games, launching seven new releases, and providing over 450 content updates across 51 titles. Consumer appetite for interactive entertainment experiences is at an all-time high, and with our player network expanding to nearly 700 million, we delivered record engagement across some of our biggest franchises. EA is leading the future of interactive entertainment in a dynamic industry, where new audiences, new technology, and new media trends are reshaping the world around us. Consumption of sports and entertainment is accelerating, and media trends are evolving. We see these transformations as immense opportunities to do more amazing things for our people and our players. As we look to the future, we're focused on delivering against three key strategies, building games and experiences that entertain massive online communities, creating blockbuster interactive storytelling, and amplifying the power of community in and around our games with social and creative tools. Executing these strategies across the modalities of play, watch, Create and Connect will lay the foundation for long-term growth as we write the next great chapter of EA's story. Fiscal year 2023 was an amazing year for EA Sports FIFA, with the entire ecosystem producing incredible results. Console, mobile, and PC, both premium and free-to-play, delivered double-digit growth in net bookings, and FIFA 23 became the best-selling title in franchise history. Our interactive experiences are at the heart of global football culture and fandom, and are a testament to a strategy sharpened by 30 years of passion, creativity, and innovation. Fiscal year 2024 stands to be another important year for EA Sports. We will build on the massive momentum in our global football ecosystem to deliver an expanded, enhanced experience for fans. EA Sports FC. In April, we unveiled the brand identity and vision for EA Sports FC. By every measure, this was the biggest brand moment ever created at EA, reaching billions of potential players, generating thousands of media hits within days, and inspiring record positive sentiment amongst our players, with the support of hundreds of partners, athletes, leagues, federations, and clubs. With EA Sports FC, we are building a fan-first future for global football, and we cannot wait to share more in July. Already the world's preeminent American football experience, Madden NFL delivered an extraordinary amount of content in and around the game in fiscal year 2023, driving deep engagement and becoming the best-selling title in this franchise's history on console and PC. Madden NFL 24 will build on this excitement, offering even more fun and immersive gameplay. Our fourth quarter saw a resurgence in Apex Legends performance. Season 16, powered by massive game enhancements like a new class system, transformed the way Core Legends played. Our strong community of players responded favorably, lifting peak engagement more than 20% from the previous season. The resilience of Apex Legends reinforces its unique position as an IP with the power to consistently entertain players as they play, watch, and compete in an evolving world. Throughout fiscal year 2023, Apex entertained an average of 20 million monthly active users. This player loyalty is fueled by responsibility to continuously expand and improve the player experience. No other game in the industry celebrates creativity and individuality quite like The Sims. This diverse and passionate community has fueled imagination and championed self-expression since its launch in 2014. growing to over 70 million players worldwide and counting. Our talented team at Maxis Studios is using the power of creation and connection to shape culture, developing new experiences for The Sims 4 to take entertainment to unimaginable heights. To continually inspire the world to play, we have focused on blockbuster storytelling. Our history and leadership of bringing together culture-defining IP with interactive entertainment creates incredible opportunities to build an unrivaled portfolio bolstered by powerful collaborations. These are fundamental ways to bring more players into our global network through the lasting power that only blockbusters can deliver. Just 11 days ago, we delivered on this priority with the launch of Star Wars Jedi Survivor. This incredible game has received widespread positive reviews, earned an 86 Metacritic score on console, and has been called a Game of the Year contender by multiple press outlets. Our dev teams are working with the community around some high-end PC specs, and beyond this, that has been a strong launch. Within the first few weeks, millions of players have joined Cal Kestis and BD1 in their rebellion against the Empire. Star Wars Jedi Survivor is storytelling at its finest, which is central to the game's success and to our creative collaboration with the Walt Disney Company and Lucasfilm. The game is pure blockbuster entertainment, and fans have embraced the story of our Jedi games as a central part of the Star Wars saga, demonstrating how great interactive entertainment can grow and deepen the fandom of an incredibly powerful IP universe. Games are the social networks of the future. To amplify the power of community, we are innovating across a set of social and creative tools in and around our games. Our strategy is to help players make new friends, build their social network, and create community. These in-game social experiences were rolled out in FIFA 23. Among players that interacted with a new feature set, engagement increased over 150%. Our data shows these innovations are driving results in our business and confirm what we know to be true. Having more friends and building stronger friendships in our network leads to more time spent playing and connecting. As a cornerstone of our priorities of growth, we will continue to implement these tools across our portfolio. With a strong close to fiscal year 2023, we are executing on our core strategies, and our focused investments are positioned to drive results across our content and services pipeline. We remain committed to capturing our biggest opportunities and delivering long-term value in our business by doing more amazing things for our players and communities. Now, I hand the call over to Chris to provide additional details on our business.