Electronic Arts Inc Stock Price, News & Analysis

Electronic Arts announced the nomination of Mr. Kofi A. Bruce to its Board of Directors at the upcoming 2021 annual stockholders meeting. Bruce, currently the CFO of General Mills, brings over 20 years of experience in finance, operational strategies, and risk management. His background includes significant roles at Ecolab and Ford Motor Company. CEO Andrew Wilson expressed excitement about Bruce's appointment, highlighting his financial expertise and commitment to values-driven leadership. EA reported a GAAP net revenue of $5.6 billion in fiscal year 2021, showcasing its market position as a leader in digital interactive entertainment.

Electronic Arts (NASDAQ:EA) and DICE announced Battlefield 2042, a transformative first-person shooter featuring up to 128 players on next-gen consoles and PCs. This title brings advanced technology, all-out warfare, and real-time battlefield events. With customizable soldiers known as Specialists, players can experience dynamic weather and new tactical options. Battlefield 2042 is available for pre-order, set to launch on October 22 for prices ranging from $59.99 to $119.99. EA Play members can access a 10-hour trial from October 15.

Electronic Arts (NASDAQ:EA) and Velan Studios announced the launch of Knockout City, a multiplayer game featuring dodgeball-inspired combat. Players can join the free 9-day Block Party from May 21 to May 30, engaging in various events with celebrity gamers. Cross-play and progression allow teams of up to 32 players to participate seamlessly. The game is priced at $19.99, with a Deluxe Edition available for $29.99. Players purchasing during the Block Party receive exclusive rewards. Season 1 kicks off shortly after launch, promising continual new content.

Electronic Arts Inc. (NASDAQ: EA) has announced a partnership with the PGA of America to deliver an authentic experience of the PGA Championship in the upcoming EA SPORTS PGA TOUR. Set for release in Spring 2022, the game will exclusively feature all four major golf championships. Players can virtually experience the PGA Championship and participate in special events, including competing against past champions. The collaboration aims to increase interest and participation in golf, spotlighting PGA Professionals and incorporating coaching tutorials for real-world skills.

BioWare, a studio of Electronic Arts (NASDAQ:EA), has launched Mass Effect™ Legendary Edition, allowing players to experience the trilogy in enhanced visuals and performance. Available on PC and consoles, it includes remastered content, over 40 DLCs, and 4K Ultra HD support. Improvements comprise updated character models, UI, and combat mechanics. Project Director Mac Walters highlighted the dedication to fan feedback. The game is rated M and accessible on multiple platforms, with a unified character creation feature and a new photo mode to capture gameplay moments.

Electronic Arts Inc. (NASDAQ: EA) reported strong preliminary financial results for fiscal 2021, with net bookings rising 15% year-over-year to $6.190 billion, exceeding expectations by over $600 million. The company saw significant engagement, adding 42 million new players and delivering 13 new games. Notable performances included FIFA 21 with over 25 million players and Apex Legends surpassing 100 million players. EA declared a quarterly cash dividend of $0.17 per share and repurchased 2.4 million shares for $325 million in Q4. Looking ahead, the company expects net bookings growth in the high teens in FY22.

Electronic Arts (NASDAQ: EA) announced the acquisition of Metalhead Software, the studio behind the popular Super Mega Baseball franchise. This partnership aims to enhance the Super Mega Baseball franchise and develop new gaming experiences globally. Metalhead’s co-founders emphasize their enthusiasm about leveraging EA’s resources to reach broader audiences. The acquisition aligns with EA SPORTS' ongoing expansion strategy, which includes titles like EA SPORTS College Football and EA SPORTS PGA TOUR. Financial terms were not disclosed.

Electronic Arts (NASDAQ: EA) has successfully acquired Glu Mobile (NASDAQ: GLUU) for an enterprise value of $2.1 billion. This strategic move enhances EA's mobile gaming portfolio, which boasts 100 million monthly active players, and expands its offerings with over 15 top live services. The acquisition aims to foster growth and innovation in mobile gaming, integrating Glu's 500 developers into EA's framework to reach broader audiences globally.