Electronic Arts Inc. announced preliminary unaudited consolidated financial results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported on GAAP basis, total net revenues were $1,149 million against $1,070 million a year ago. Year-on-year growth was driven by Battlefield 1. Operating loss was $4 million against $31 million a year ago. Loss before provision for income taxes was $6 million against $30 million a year ago. GAAP net loss was $1 million or $0.0 diluted per share against $45 million or $0.14 diluted per share a year ago. Operating cash flow was $889 million against $682 million a year ago. Net cash provided by operating activities was $1,115 million against $889 million a year ago. Capital expenditures were $25 million against $21 million a year ago.

For the nine-month period, the company reported on GAAP basis, total net revenues were $3,318 million against $3,088 million a year ago. Operating income was $507 million against $362 million a year ago. Income before provision for income taxes was $494 million against $351 million a year ago. Net income was $401 million or $1.28 diluted per share against $257 million or $0.77 diluted per share a year ago. Net cash provided by operating activities was $976 million against $827 million a year ago. Capital expenditures were $94 million against $63 million a year ago.

The company provided earnings guidance for the fourth quarter and full year ending March 31, 2017. For the fourth quarter fiscal year 2016, net revenue is expected to be approximately $1.482 billion. Change in deferred net revenue is expected to be approximately $407 million. Net income is expected to be approximately $513 million. Earnings per share is expected to be approximately $1.64. Income before taxes income is expected to be $641 million.

For the fiscal year 2016, net revenue is expected to be approximately $4.8 billion. Change in deferred net revenue is expected to be approximately $125 million. Net income is expected to be approximately $914 million. Diluted earnings per share are expected to be approximately $2.91. Operating cash flow is expected to be approximately $1.35 billion. Income before taxes income is expected to be $1,135 million. Capital expense forecast remains approximately $110 million, resulting in a free cash flow forecast of approximately $1.25 billion. The company expects fiscal 2017 to be biggest cash flow year ever.