Electronic Arts Inc Stock Price, News & Analysis

Electronic Arts Inc. (NASDAQ: EA) will announce its financial results for the fiscal quarter ending December 31, 2021, after market close on February 1, 2022. The company will hold a conference call to discuss these results and its future outlook at 2:00 PM Pacific Time. Interested parties can access the call via dial-in or audio webcast. EA reported GAAP net revenue of $5.6 billion for fiscal year 2021, being a leader in digital interactive entertainment with popular game franchises like FIFA and Battlefield.

Electronic Arts (NASDAQ: EA) and Major League Soccer (MLS) have announced the schedule for the 2022 eMLS season, featuring 27 professional FIFA players competing for a total prize pool of $75,000. Events will take place in Cincinnati, Chicago, and culminate in the eMLS Cup at SXSW in Austin, Texas on March 13. This season marks the debut on PlayStation 5, ensuring enhanced competition. Notable sponsors include Coca-Cola, Cheez-It, and PlayStation, who will support various league events and promotions.

Electronic Arts (NASDAQ: EA) announced the global launch of GRID™ Legends set for February 25. The racing game features over 250 events, a new story mode 'Driven to Glory', and cross-platform multiplayer capabilities. Players can access over 100 vehicles at launch, including customizable options in the Race Creator mode. Pre-orders include the Seneca & Ravenwest Double-Pack, unlocking four additional cars and exclusive events. EA emphasizes a focus on gameplay variety and the improved multiplayer experience, allowing friends to connect quickly.

Electronic Arts Inc. (NASDAQ: EA) has appointed Rachel Gonzalez to its Board of Directors, effective immediately. Gonzalez, who is currently executive vice president and general counsel at Starbucks, will also join EA's Nominating and Governance Committee. Her experience includes leadership roles at Sabre Corporation and Dean Foods, as well as a legal career focusing on corporate governance and SEC compliance. EA's Chairman & CEO Andrew Wilson emphasized that Gonzalez's expertise will greatly benefit the company as it seeks to accelerate growth and innovation.

Electronic Arts Inc. (NASDAQ: EA) has launched its new first-person shooter, Battlefield 2042, which supports up to 128 players on next-gen consoles and PCs. The game features a dynamic environment with large maps, vehicles, and a focus on narrative through its new playable characters known as Specialists. It includes three main multiplayer experiences: All-Out Warfare, Battlefield Portal, and Hazard Zone. Priced at $59.99 for standard editions and $69.99 for next-gen consoles, the launch represents a strategic addition to EA's portfolio, which recorded $5.6 billion in revenue for FY2021.

Electronic Arts has introduced a new digital cover for Madden NFL 22, featuring sports icon Bo Jackson. This release, starting November 19, celebrates 90s nostalgia linked to the Nike Bo Knows campaign. Players can enjoy exclusive content, including an 85 overall Bo Jackson item and new gear in Ultimate Team and The Yard. Additionally, Bo Jackson will have a unique Superstar X-Factor ability. This initiative aims to engage fans during the holiday season, potentially boosting player interest and sales.

Electronic Arts (EA) reported outstanding preliminary financial results for Q2 of FY2022, with total net revenue reaching $1.826 billion, up 58% year-over-year. Net bookings for the trailing twelve months increased 27% to $7.077 billion. EA's strong performance was driven primarily by its EA SPORTS titles and Apex Legends, leading to an increase in guidance for the full fiscal year. The company expects full-year net revenue of approximately $6.925 billion. Additionally, EA declared a quarterly cash dividend of $0.17 per share, payable on December 22, 2021.