Segment and Revenue Information

9 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment and Revenue Information

SEGMENT AND REVENUE INFORMATION

Our reporting segment is based upon: our internal organizational structure; the manner in which our operations are managed; the criteria used by our Chief Executive Officer, our Chief Operating Decision Maker (“CODM”), to evaluate segment performance; the availability of separate financial information; and overall materiality considerations. Our CODM currently reviews total company operating results to assess overall performance and allocate resources. As of December 31, 2023, we have only one reportable segment, which represents our only operating segment.

Information about our total net revenue by timing of recognition for the three and nine months ended December 31, 2023 and 2022 is presented below (in millions):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2023		2022		2023		2022
Net revenue by timing of recognition
Revenue recognized at a point in time	$	784	$	762	$	2,085	$	1,833
Revenue recognized over time	1,161		1,119		3,698		3,719
Net revenue	$	1,945	$	1,881	$	5,783	$	5,552

Generally, performance obligations that are recognized upfront upon transfer of control are classified as revenue recognized at a point in time, while performance obligations that are recognized over either the estimated offering period, contractual term or subscription period as the services are provided are classified as revenue recognized over time.

Revenue recognized at a point in time includes revenue allocated to the software license performance obligation. This also includes revenue from the licensing of software to third-parties.

Revenue recognized over time includes service revenue allocated to the future update rights and the online hosting performance obligations. This also includes service revenue allocated to the future update rights from the licensing of software to third-parties, online-hosted services such as our Ultimate Team game mode, and subscription services.

Information about our total net revenue by composition for the three and nine months ended December 31, 2023 and 2022 is presented below (in millions):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2023		2022		2023		2022
Net revenue by composition
Full game downloads	$	431	$	423	$	1,078	$	988
Packaged goods	187		199		604		577
Full game	618		622		1,682		1,565
Live services and other	1,327		1,259		4,101		3,987
Net revenue	$	1,945	$	1,881	$	5,783	$	5,552

Full game net revenue includes full game downloads and packaged goods. Full game downloads primarily includes revenue from digital sales of full games on console, PC, mobile phones and tablets. Packaged goods primarily includes revenue from software that is sold physically through traditional channels such as brick and mortar retailers and certain licensing revenue.

Live services and other net revenue primarily includes revenue from sales of extra content for console, PC, and mobile games, certain licensing revenue, subscriptions, and advertising.

Information about our total net revenue by platform for the three and nine months ended December 31, 2023 and 2022 is presented below (in millions):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2023		2022		2023		2022
Platform net revenue
Console	$	1,229	$	1,152	$	3,583	$	3,355
PC and other	420		435		1,294		1,260
Mobile	296		294		906		937
Net revenue	$	1,945	$	1,881	$	5,783	$	5,552

Information about our operations in North America and internationally for the three and nine months ended December 31, 2023 and 2022 is presented below (in millions):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2023		2022		2023		2022
Net revenue from unaffiliated customers
North America	$	777	$	801	$	2,331	$	2,357
International	1,168		1,080		3,452		3,195
Net revenue	$	1,945	$	1,881	$	5,783	$	5,552