Electronic Arts Inc Stock Price, News & Analysis

Electronic Arts Inc. (NASDAQ: EA) will announce its financial results for the fiscal year ending March 31, 2023, on May 9, 2023, after market close. This release will be followed by a conference call at 2:00 PM PT where the company will discuss its results and future outlook. Interested parties can listen in via dial-in or audio webcast. EA reported a GAAP net revenue of approximately $7 billion for fiscal year 2022 and is known for popular franchises like EA SPORTS FC, Battlefield, and Apex Legends. The financial results will be available on EA's website after the announcement, and a replay of the call will be accessible until May 23, 2023.

The Sims 4, developed by Maxis, achieved its biggest launch week ever with the release of the Growing Together expansion pack from March 16-23, 2023. This expansion introduced highly requested features focusing on family dynamics, resulting in record sales. The game has seen over 70 million players since its 2014 launch, with 16 million new players joining after the base game became free in October 2022, leading to a 53% increase in average weekly users. Globally, 75% of new players are from outside North America, particularly in Brazil, France, Germany, the UK, and Poland. The recent expansion has led to the creation of 8.6 million infant Sims and 1.7 million new households. EA reported approximately $7 billion in net revenue for FY 2022, emphasizing its position as a leader in digital interactive entertainment.

ESE Entertainment Inc. (TSXV:ESE, OTCQX:ENTEF) reported the successful production of live esports events, including the Ultraliga finals for League of Legends and the Ekstraklasa Games for FIFA23. The events, held in Poland on March 31 and April 1-2, attracted significant viewership, with over 400,000 views and a peak of nearly 37,000 during broadcasts on Polsat Games.

The company partnered with various organizations, including Riot Games and Electronic Arts, to deliver these events, generating over 2.3 million social media impressions. Additionally, ESE announced a debt settlement involving the issuance of 70,175 common shares at a deemed price of $0.57 per share to settle a CAD $40,000 debt.

Electronic Arts Inc. (NASDAQ: EA) announced the upcoming release of Immortals of Aveum™, a unique first-person magic shooter, scheduled for July 20, 2023. The game, developed by Ascendant Studios, immerses players in a fantasy universe filled with magic and conflict, allowing them to control an elite order of battlemages. The game will be available on PlayStation 5, Xbox Series X|S, and PC via various platforms, including EA App, Steam, and Epic Games Store. Pre-orders are already open, offering in-game items such as the Purified Arclight sigil. The game features a cinematic story and high-quality graphics, aiming to redefine the FPS genre.

Electronic Arts (NASDAQ: EA) has launched FC FUTURES, a three-year initiative to invest in grassroots football globally, highlighted by the unveiling of the Rocky and Wrighty Arena in South London. The program aims to enhance community access to football through the creation and refurbishment of pitches, production of multilingual training resources, and distribution of essential equipment. EA SPORTS has partnered with UEFA to develop grassroots football, promising a publicly available library of training materials for young players. The initiative aims to foster inclusivity, support local communities, and inspire future generations of football fans. EA’s commitment to grassroots development follows its new brand identity, EA SPORTS FC, which focuses on a fan-first future with over 150 million global players.