v3.26.1
Segment and Revenue Information (Tables)
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information about our single reportable segment net revenue, net income, and significant segment expenses for the three months ended June 30, 2026 and 2025 is presented below (in millions):
Three Months Ended
June 30
20262025
Net revenue$1,986 $1,671 
Less:
Cost of revenue (1)
261 266 
Research and development (1)
637 596 
Marketing and sales (1)
249 202 
General and administrative (1)
150 157 
Acquisition-related expenses (2)
23 27 
Stock-based compensation153 152 
Interest and other (income) expenses, net(17)(2)
Provision for income taxes133 72 
Net income$397 $201 
(1) Excludes amounts related to acquisition-related expenses and stock-based compensation, which are presented separately in the table above.
(2) Includes (i) amortization of intangibles, and (ii) fees and other direct expenses related to the Merger described in Note 1, which are recorded within General and administrative expenses in the Condensed Consolidated Statements of Operations.
Disaggregation of Revenue
Information about our total net revenue by timing of recognition for the three months ended June 30, 2026 and 2025 is presented below (in millions):
Three Months Ended
June 30
20262025
Net revenue by timing of recognition
Revenue recognized at a point in time$421 $442 
Revenue recognized over time1,565 1,229 
Net revenue$1,986 $1,671 
Net Revenue By Revenue Composition
Information about our total net revenue by composition for the three months ended June 30, 2026 and 2025 is presented below (in millions):
Three Months Ended
June 30
20262025
Net revenue by composition
Full game downloads$438 $233 
Packaged goods76 56 
Full game514 289 
Live services and other
1,472 1,382 
Net revenue$1,986 $1,671 
Net Revenue by Platform
Information about our total net revenue by platform for the three months ended June 30, 2026 and 2025 is presented below (in millions):
Three Months Ended
June 30
20262025
Platform net revenue
Console$1,192 $1,007 
PC and other519 374 
Mobile275 290 
Net revenue$1,986 $1,671 
Net Revenue By Geographic Area
Information about our operations in North America and internationally for the three months ended June 30, 2026 and 2025 is presented below (in millions):
Three Months Ended
June 30
20262025
Net revenue from unaffiliated customers
North America$764 $642 
International1,222 1,029 
Net revenue$1,986 $1,671