In addition, the $600 million share repurchase program that EA announced in February, 2011 remains in effect. As of July 1, 2011, EA has repurchased 7.1 million shares for a total of $149 million under this program. EA is not obligated to repurchase any specific number of shares under the program and the repurchase program may be modified, suspended or discontinued at any time.

Business Outlook as of July 12, 2011
The following forward-looking statements, as well as those made above, reflect expectations as of July 12, 2011. Electronic Arts assumes no obligation to update these statements. Results may be materially different and are affected by many factors, including: product development delays; competition in the industry; the health of the economy in the U.S. and abroad and the related impact on discretionary consumer spending; changes in anticipated costs; the financial impact of acquisitions by EA, including the PopCap acquisition; the popular appeal of EA’s products; EA’s effective tax rate; and other factors detailed in this release and in EA’s annual and quarterly SEC filings.

First Quarter Fiscal Year 2012 Preliminary Results – Ended June 30, 2011
* Non-GAAP net revenue is approximately $500 to $525 million versus guidance of $460 to $500 million.

* GAAP net revenue is approximately $975 million to $1.00 billion versus guidance of $910 to $950 million.

* Non-GAAP diluted loss per share is approximately $(0.40) to $(0.37) versus guidance of $(0.49) to $(0.44).

* GAAP diluted earnings per share is approximately $0.63 to $0.66 versus guidance of $0.44 to $0.53.

* For purposes of calculating first quarter fiscal year 2012 earnings/loss per share, the Company used a diluted share count of 331 million for non-GAAP loss per share and 337 million for GAAP earnings per share.

* Expected non-GAAP net loss excludes the following items from expected GAAP net income:
- Non-GAAP net revenue is approximately $475 million lower than GAAP net revenue due to the impact of the change in deferred net revenue (packaged goods and digital content);
- Approximately $38 million of stock-based compensation;
- Approximately $18 million of acquisition-related expenses;
- Approximately $18 million of restructuring charges; and
- Non-GAAP tax expenses are $57 million lower than GAAP tax expenses.

Second Quarter Fiscal Year 2012 Expectations – Ending September 30, 2011
* Non-GAAP diluted loss per share is expected to be approximately ($0.15) to ($0.05).

* GAAP diluted loss per share is expected to be approximately ($1.10) to ($0.97).

* For purposes of calculating second quarter fiscal year 2012 loss per share, the Company estimates a diluted share count of 331 million.

* Expected non-GAAP net loss excludes the following items from expected GAAP net loss:
- Non-GAAP net revenue is expected to be approximately $275 million higher than GAAP net revenue due to the impact of the change in deferred net revenue (packaged goods and digital content);
- Approximately $50 million of estimated stock-based compensation;
- Approximately $25 to $30 million of acquisition-related expenses;
- Approximately $5 million of restructuring charges; and
- Non-GAAP tax expenses are expected to be $46 to $52 million higher than GAAP tax expenses.

Fiscal Year 2012 Expectations – Ending March 31, 2012
* Non-GAAP net revenue is expected to be approximately $3.8 to $4.025 billion as compared to previous guidance of $3.75 to $3.95 billion.
* GAAP net revenue is expected to be approximately $3.725 to $3.95 billion as compared to previous guidance of $3.7 to $3.9 billion.
* Non-GAAP diluted earnings per share is expected to be approximately $0.70 to $0.90 consistent with previous guidance.
* GAAP diluted earnings per share is expected to be a loss per share of ($0.04) to earnings per share of $0.26 as compared to previous guidance of break-even to $0.28 earnings per share.
* For purposes of calculating fiscal year 2012 earnings per share, the Company estimates a diluted share count of 334 million and a basic share count of 330 million.
* Expected non-GAAP net income excludes the following items from expected GAAP net income/(loss):