Key dishes to remember
- The electronic arts have beaten the budgetary estimates of profits and sales of the fourth quarter on high demand for its sports offers.
- The video game manufacturer has also sought to benefit from a summer release of a new game “Battlefield”.
- JPMORGAN and OPPENHEIMER increased their price objectives on action according to the report.
Electronic arts (EA) Actions won on Wednesday, one day after the video game manufacturer published better than expected results because he obtained a boost of the request for his sports portfolio. He also said he was planning that future gains in a new “Battlefield” game.
The company has announced a budgetary budgetary profit per share per $ 0.98, a turnover which increased by almost 7% in annual sliding to $ 1.90 billion, and a net reservation which increased by $ 1.80 billion. All have exceeded the average estimate of analysts questioned by Visible Alpha.
CEO Andrew Wilson noted that the number of players on its American football franchises Madden NFL and university football increased by a two -digit percentage, the hours played jumped 68% and net reservations climbed more than 70% to more than a billion dollars. Its FC Mobile football franchise has seen the acquisition of new players and daily active users (DAU) more than 20% higher.
Wilson explained that EA remains “firmly on the right track for an exit from exercise 26” of the next “battlefield”, adding that the company plans “a major world revelation later this summer”.
EA sees net reservations for the year 2026 between $ 7.60 billion and $ 8.00 billion, while the visible alpha prospects were $ 7.83 billion.
After the press release, JPMorgan and Oppenheimer’s analysts increased their price objectives on the stock.
Electronic Arts’ shares have increased by less than 2% to exchange at the highest level in approximately five months.
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