Electronic Arts Inc Stock Price, News & Analysis

Electronic Arts (NASDAQ: EA) announced strong preliminary financial results for Q1 fiscal 2023, ending June 30, 2022. Net bookings reached $1.299 billion, with year-over-year growth of 22% to $7.478 billion. The player network expanded to nearly 600 million accounts, contributing to a 40% increase in FIFA Ultimate Team engagement. Despite a net loss of $78 million in operating cash flow, EA repurchased 2.5 million shares for $320 million. The company declared a $0.19 per share dividend, payable September 21, 2022, and forecasts net revenue of $7.600 to $7.800 billion for fiscal 2023.

Electronic Arts (NASDAQ: EA) has announced a multi-year partnership with LaLiga starting in the 2023-24 season. This unique agreement includes title naming rights for all LaLiga competitions and a rebranding effort involving logos, graphics, and visual elements.

The partnership aims to enhance fan experiences through in-game innovation, broadcast highlights, and commitments to grassroots initiatives, thereby deepening collaboration between EA SPORTS FC and LaLiga.

Electronic Arts (NASDAQ: EA) announces a multi-year partnership with Juventus, enhancing its EA SPORTS FIFA video game series starting with FIFA 23 on September 30. This collaboration allows for exclusive in-game content, including Allianz Stadium, club logos, and kits. The partnership also features former player Claudio Marchisio as a FUT Hero and current star Dušan Vlahović as an ambassador. This initiative aims to attract new generations and elevate the interactive football experience.

Electronic Arts (NASDAQ: EA) announced Kylian Mbappé and Sam Kerr as cover athletes for the upcoming EA SPORTS FIFA 23. This marks a historic moment with Kerr being the first female athlete featured solo on a global cover. Mbappé, on the cover for the third consecutive year, will share the spotlight with Kerr in the Ultimate Edition, with Kerr also representing in Australia, New Zealand, and as an Amazon exclusive. The game promises to be the most innovative yet, revealing its trailer on July 20 at 9 AM PT.

Barnes & Noble Education (NYSE: BNED) announced the appointment of three new independent directors: Mario Dell’Aera, Jr., Kathryn Eberle Walker, and Denise Warren. Additionally, Rory Wallace joins as part of a renewed cooperation with Outerbridge Capital Management. This decision reflects the company's commitment to enhancing board diversity and expertise, aimed at driving profitable growth and delivering value to shareholders. Former directors Lowell Robinson and Zachary Levenick have stepped down. The company plans to present the board's recommendations in the upcoming proxy statement.

Electronic Arts Inc. (NASDAQ: EA) will announce its financial results for the fiscal quarter ending June 30, 2022 on August 2, 2022 after market close. A conference call to discuss the results and future outlook will follow at 2:00 pm Pacific Time. Listeners can join via a dial-in or audio webcast and access further updates on EA's website. In fiscal 2022, EA reported net revenue of approximately $7 billion, highlighting its position as a leader in digital interactive entertainment.

Electronic Arts (NASDAQ: EA) has launched EA SPORTS™ F1 22, the official game of the 2022 FIA Formula One World Championship, across multiple gaming platforms. This edition features revolutionary cars, regulation changes, and the debut of the Miami International Autodrome. The game introduces significant enhancements like overhauled physics, Adaptive AI, and VR support on PC for an immersive experience. Players can also enjoy F1® Life, a customizable social hub, along with interactive race-day features. EA reported approximately $7 billion in GAAP net revenue in fiscal 2022.

Electronic Arts (NASDAQ: EA) announces the Apex Legends Global Series (ALGS) Year 2 Championship from July 7-10 at PNC Arena, Raleigh, NC, marking the first live audience event for the series. This comes after record-breaking viewership for the ALGS Split 2 Playoffs, which saw an average audience of 539,000 and over 10.3 million hours watched. The Championship features 40 teams competing for a $2 million prize pool, showcasing the growing competitive scene of Apex Legends.