Electronic Arts Inc. (EA) - NASDAQ
  • Wed, Jul. 20, 8:28 AM
    • Electronic Arts (NASDAQ:EA) will stop reporting many of the adjusted financial measures it has used for years, addressing regulators' stepped-up criticism of how companies apply customized metrics in earnings.
    • In a conference call with analysts Tuesday, the company said results for its most recently ended quarter, due Aug. 2, will be the last to include revenue, gross margin and per-share earnings on a non-GAAP basis.
    | Wed, Jul. 20, 8:28 AM | 4 Comments
  • Fri, Jul. 15, 12:30 PM
  • Tue, Jun. 14, 4:37 AM
    • The Electronic Entertainment Expo, or E3, is a little less deafening this year with the absence of Activision (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA), while Nintendo (OTCPK:NTDOY) has already told fans not to expect to see its next-generation game console, code-named NX.
    • Still, Sony and Microsoft got attendees buzzing on Monday with plenty of game announcements, and the unveiling of PlayStation VR (which will roll out Oct. 13) and Xbox One S.
    | Tue, Jun. 14, 4:37 AM | 5 Comments
  • Mon, Jun. 13, 5:19 AM
    • Eager to grow in competitive video gaming, Electronic Arts (NASDAQ:EA) has announced plans to substantially expand competitions for its own titles, starting with Madden.
    • The effort puts it on par with some of the bigger events in professional video gaming, also known as e-sports, and will award $1M in cash prizes over the course of the series.
    | Mon, Jun. 13, 5:19 AM | 2 Comments
  • Wed, May 18, 7:35 PM
    • Electronic Arts' (EA -0.9%) investor day earned it a price target boost from Oppenheimer, as it previewed a more interesting game slate and largely inspired confidence in its plans for $1B in incremental revenue.
    • Analyst Andrew Uerkwitz raised his target to $88, from $78. With today's lower price, Uerkwitz's new target implies 18% upside in the stock; he rates it Outperform.
    • “We came away more confident in EA’s growth strategy and ability to engage existing and potential customers with new tools,” Uerkwitz writes. “We believe secular tailwinds such as the move to digital and mobile will support multiyear margin expansion and profit growth for the company.”
    • Now read EA Is A Long-Term Stock To Bet On »
    | Wed, May 18, 7:35 PM
  • Mon, May 16, 12:10 PM
    • Leon Cooperman's Omega Advisors sold its roughly 3M share stake in Citigroup (NYSE:C) in Q1, which had accounted for about 3.4% of the fund's holdings.
    • He took new stakes in PayPal Holdings (NASDAQ:PYPL), UnitedHealth (NYSE:UNH), Coach (NYSE:COH), Lowe's (NYSE:LOW), Autozone (NYSE:AZO), and Electronic Arts (NASDAQ:EA).
    • Cooperman also cut his FANG exposure, selling more than 50% of his Facebook (NASDAQ:FB), and about one-third of his Google (GOOG, GOOGL).
    • While the 13F also shows a new 227K share stake in Apple (representing 0.7% of the total portfolio), CNBC reports that holding has since been sold.
    | Mon, May 16, 12:10 PM | 29 Comments
  • Wed, May 11, 2:17 PM
    • Electronic Arts (NASDAQ:EA) is soaring today, up 12.4% though today's peak so far is just short of a 52-week high, as analyst reaction to its fiscal Q4 earnings beat was uniformly positive.
    • Credit Suisse reiterated a Buy and $90 price target, implying 24% upside from today's raised price. Meanwhile, Benchmark raised its price target to $82.64 from $81.48, and Baird reiterated its Outperform rating and $80 price target.
    • UBS maintained its Buy rating and $82 price target, noting "the strength of EA's console revenues (including full-game downloads), mobile growth & extra content suggests the company continues to benefit from both cyclical (next-gen consoles) & secular (mobile & digital) trends in gaming." The firm sees EA's May 17 analyst day as a likely positive catalyst.
    • Oppenheimer reiterated its Outperform rating and $78 price target noting the company's game slate ahead: "Battlefield 1 reveal trailer (published last Friday) garnered highly favorable online reviews. We believe momentum is also strong behind EA's other new titles for FY17, including Sports titles, Titanfall 2, and Mass Effect Andromeda."
    • Now read Electronic Arts: Strong Lineup Bodes Well For FY'17 »
    | Wed, May 11, 2:17 PM | 11 Comments
  • Wed, May 11, 9:12 AM
    | Wed, May 11, 9:12 AM
  • Tue, May 10, 8:33 PM
    • Electronic Arts (NASDAQ:EA) gained 7.7% after hours, quoting at its highest point since January's end, after it wrapped up its fiscal year with a Q4 beat on top and bottom lines.
    • Revenue breakout: Product, $695M (up 3.9%); Service and other, $613M (up 18.8%).
    • In particular, FIFA, Madden NFL and Hockey Ultimate Team live services kept performing well in Q4 with collective net revenue up 26% Y/Y (up 33% in constant currency). For the fiscal year, digital revenue was $2.531B, or 55% of total.
    • EA says it's the No. 1 publisher on PS4 and Xbox One, and if those console makers can sell another 25M units by the end of the year it would mean 80M next-gen customers for EA's heavy slate ahead.
    • During its earnings call, the company confirmed it's planning the sequel to 14M-seller Star Wars: Battlefront for 2017, and that an action game based on the franchise will be made by Visceral and arrive in 2018.
    • For Q1, it guided to non-GAAP net revenue of about $640M (light of an expected $744M), and EPS of -$0.05 (below consensus for profit of $0.18/share). For fiscal 2017, it forecasts non-GAAP net revenue of $4.9B (vs. $4.84B expected) and EPS of $3.50 (above consensus for $3.46).
    • Press Release
    | Tue, May 10, 8:33 PM
  • Tue, May 10, 5:37 PM
    | Tue, May 10, 5:37 PM
  • Tue, May 10, 4:03 PM
    • Electronic Arts (NASDAQ:EA): FQ4 EPS of $0.50 beats by $0.08.
    • Revenue of $924M (+3.1% Y/Y) beats by $35.22M.
    • Shares +5.6%.
    • Press Release
    | Tue, May 10, 4:03 PM | 2 Comments
  • Mon, May 9, 5:35 PM
  • Fri, May 6, 7:09 PM
    • While Activision Blizzard (ATVI +8.5%) has been moving its flagship war shooter franchise into futuristic combat -- despite some wishes from ardent fans to return to World War II -- Electronic Arts (EA +2.7%) today says it will offer that counterprogramming with its new entry.
    • Battlefield 1 (despite the name, the latest in a long series that started on personal computers in 2002 with Battlefield 1942) will hark all the way back to World War I, EA says, featuring zeppelins, tanks, biplanes, and fights in Italian Alps and Arabian deserts.
    • Battlefield 1 is set for release Oct. 21 on PlayStation 4, Xbox One, and Origin for PC.
    • The company is set to report its Q4 earnings on Tuesday. Analyst consensus is for the company to post EPS of $0.42 on revenues of $888.9M.
    • Now read Electronic Arts: Strong Lineup Bodes Well For FY'17 »
    | Fri, May 6, 7:09 PM | 26 Comments
  • Mon, Mar. 21, 11:37 AM
    • In a setback for Electronic Arts (EA -0.7%) the Supreme Court has rejected the company's bid to pursue a free speech defense in a suit over player likenesses in its annually updated Madden NFL videogame series.
    • The company pays license fees to use the likenesses of players currently in the NFL, but a suit filed by former players challenged the fact that the company offers no equivalent fee to former players who were depicted in versions of the game made between 2001 and 2009 that allowed playing with popular teams from the past.
    • The Supreme Court left in place an appeals court ruling that rejected a claim using those likenesses was incidental, saying the use was central to EA's main commercial purpose of creating a simulation based on the real players.
    | Mon, Mar. 21, 11:37 AM | 1 Comment
  • Fri, Mar. 11, 11:56 AM
    • New games weren't in short supply, but a drag from hardware sent videogame sales down 12% Y/Y in February.
    • U.S. new physical gaming product sales at retail were $842.5M, NPD Group reports, down from a year-ago $960.3M -- though last year included Nintendo's (OTCPK:NTDOY +1.3%) launch of the 3DS XL.
    • Hardware sales fell 23% to $292.2M, paced by a 58% drop-off in portable hardware (again, against a tough comp with last year's Nintendo portable). Older-gen consoles (Xbox 360, PlayStation 3, Wii) continued to fall off, slipping 77%. Software sales declined 10% to $303.9M.
    • In U.S. new physical software, new release Far Cry: Primal from Ubisoft (OTCPK:UBSFY +0.1%) topped the charts while holiday release Call of Duty: Black Ops 3 (ATVI +2.3%) held strong at No. 2 just ahead of Grand Theft Auto V (TTWO +1.5%). And speaking of high-profile holiday releases, Star Wars: Battlefront (EA +1.3%) fell out of the top 10.
    • Games for PlayStation 4 (SNE +3%) are still dominating software sales overall. And Sony says the PS4 was again the top-selling console in February.
    | Fri, Mar. 11, 11:56 AM | 27 Comments
  • Wed, Mar. 2, 11:54 AM
    • Activision Blizzard (ATVI -1.2%) is following in the footsteps of a major competitor, saying it won't have a booth on the show floor this year at the Electronic Entertainment Expo, videogaming's largest trade event.
    • Electronic Arts (NASDAQ:EA) had dropped out of E3 in late January, saying it would hold its own event (EA Live) across the street with a goal of taking new game info more directly to fans.
    • "In June, we’re going to be at E3 showcasing gameplay from Infinity Ward’s ambitious new game," Activision said in its blog post discussing its next entry in the lucrative Call of Duty franchise. "We’re proud to be participating in this premier video game event, but won’t have an Activision booth on the show floor."
    • Both publishers have reiterated support for the show's host, the Entertainment Software Association, but their moves (combined with Sony and Microsoft next-gen console rollouts that happened elsewhere) are a blow to the once-dominant event. Activision was expected to move into the gigantic booth that was previously held by EA.
    • Previously: No EA at E3: Game maker gives up prominent spot for private event (Jan. 27 2016)
    | Wed, Mar. 2, 11:54 AM | 10 Comments
Company Description
Electronic Arts, Inc. is a global interactive entertainment software company. The company is organized into three divisions: EA Studios, EA Mobile and Maxis. The EA Studios division is responsible for developing games and related content and services across an expansive range of game categories.... More
Sector: Technology
Industry: Multimedia & Graphics Software
Country: United States