Electronic Arts Inc Stock Price, News & Analysis

Electronic Arts Inc. (NASDAQ: EA) has launched GRID Legends, a new racing game featuring cross-platform multiplayer, an engaging story mode, and an innovative Race Creator. Players can jump into races instantly without lobby waits, enhancing gameplay. With 130 routes worldwide and over 100 vehicles, GRID Legends offers a dynamic racing experience driven by AI unpredictability. The game is available on multiple platforms, including Xbox and PlayStation, with a trial for EA Play subscribers. Mark Green from Codemasters highlighted the game's versatility and appeal for racing fans.

Electronic Arts (NASDAQ:EA) and BioWare have launched Legacy of the Sith, a new expansion for Star Wars™: The Old Republic™, celebrating the game's 10th anniversary. The expansion introduces new story campaigns, character customization features, and quality-of-life upgrades. Players can reach a level cap of 80 and explore new collaborative missions. The 10th anniversary will feature ongoing content releases, including new operations and player-versus-player updates throughout the year.

Electronic Arts (NASDAQ: EA) and the NFL will showcase the Ultimate Madden Bowl Final tonight at 7 pm ET, marking the climax of the Madden NFL 22 Championship Series. This event features record media distribution across platforms like Twitch, YouTube, and ESPN, along with a halftime show starring Moneybagg Yo and Blocboy JB. A total prize purse of $1 million is at stake as competitors Wesley and Henry face off. Following the event, the Ultimate Madden Bowl ESPN Special will air on February 11 at 8:30 pm ET.

Electronic Arts (NASDAQ: EA) unveiled its annual Super Bowl prediction via Madden NFL 22, projecting the Cincinnati Bengals to defeat the LA Rams 24-21, securing their first Super Bowl title. Joe Burrow is predicted to be the Super Bowl MVP. The simulation highlights a close game with the Bengals coming back from a halftime deficit. Additionally, EA collaborated with Nike for a campaign rewarding fans who run five miles, enhancing engagement through the Nike Run Club App. The prediction is regarded as a reliable indicator before the game.

Electronic Arts reported strong preliminary financial results for Q3 FY22, ending December 31, 2021. Net bookings for the trailing twelve months reached $7.254 billion, up 22% year-over-year, with record performance in net revenue and cash generation. The company boasts over 540 million unique active accounts, with players spending nearly 20% more time in games compared to last year. EA declared a cash dividend of $0.17 per share. For FY22, EA expects net revenue around $6.925 billion and net income of approximately $694 million.

Electronic Arts (NASDAQ: EA) and the NFL are set to host the NFL Pro Bowl: Madden NFL 22 Edition on February 5 at 6 PM ET, streamed across various platforms including NFL social channels and EA Madden NFL Twitch. The event features players Micah Parsons, Justin Jefferson, Derwin James, and Nick Chubb, who aim to break a GUINNESS WORLD RECORDS™ title for the largest projected video game display. This collaboration enhances engagement with football fans ahead of the 2022 Pro Bowl at Allegiant Stadium, Las Vegas.

Electronic Arts (NASDAQ: EA) has appointed Chris Suh as its new Chief Financial Officer, effective March 1. Suh replaces Blake Jorgensen, who is stepping down after nearly a decade. Suh brings over 25 years of experience from Microsoft, where he played a key role in financial leadership within the Cloud + AI group. His responsibilities at EA will include managing Accounting, Financial Planning, Investor Relations, and more. EA reported GAAP net revenue of $5.6 billion in fiscal year 2021, focusing on digital interactive entertainment.

Electronic Arts (EA) is set to expand its partnership with Lucasfilm Games by developing three new titles in the Star Wars universe. Key projects include the next installment in the Star Wars Jedi series, a first-person shooter led by Peter Hirschmann, and a strategy game through collaboration with Bit Reactor. Respawn Entertainment will oversee these developments, showcasing their history of creating acclaimed Star Wars experiences. The initiative aims to deliver diverse gameplay across multiple genres, leveraging EA's strong brand presence in the gaming industry.

Electronic Arts (NASDAQ:EA) announced the final Team Of The Year (TOTY) for EA SPORTS FIFA 22, following a voting period from January 10-17, 2022. Fans globally participated in selecting their favorite players from a list of 80 nominees. The TOTY player items will be available in FIFA Ultimate Team starting January 21, 2022. David Jackson, VP of brand for EA SPORTS FIFA, highlighted the engagement of the community in recognizing the players who made significant impacts in 2021.