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ELECTRONIC ARTS INC.

(EA)
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Electronic Arts Announces New Next-gen Golf Game: EA Sports PGA Tour

03/29/2021 | 08:05am EST

EA SPORTS PGA TOUR is the Home of Championship Golf Featuring THE PLAYERS Championship, the FedExCup Playoffs and Many More PGA TOUR Events

Today, Electronic Arts Inc. (NASDAQ: EA) announced EA SPORTS PGA TOUR, a new next-gen golf video game, currently in development. In EA SPORTS PGA TOUR, golf fans will be able to build their virtual career and experience the sights, sounds, and thrills of the PGA TOUR including THE PLAYERS Championship, FedExCup Playoffs and more unforgettable events. The game will also feature many of the world’s most famous courses, where fans will have the option to play against and as some of the biggest names in professional golf. More EA SPORTS PGA TOUR news will be revealed in the coming weeks and a launch date will be announced in the coming months.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210329005409/en/

EA SPORTS returns to golf with EA SPORTS PGA TOUR (Photo: Business Wire)

EA SPORTS returns to golf with EA SPORTS PGA TOUR (Photo: Business Wire)

During its longstanding relationship with the PGA TOUR, EA SPORTS has entertained tens of millions of players around the world with its golf franchise. Now, through a new, long-term deal, signed this year with the PGA TOUR, EA SPORTS will expand its history in golf with the next-gen PGA TOUR experience. The game will be built on the EA Frostbite engine and leveraging next-gen technology, promises stunning fidelity, breathtaking immersive environments, and approachable, dynamic gameplay.

“EA SPORTS and the PGA TOUR have created some of the most memorable golf video game experiences together, and we couldn’t be more excited to expand our sports portfolio with a new golf title on next-gen hardware,” said Cam Weber, EVP & GM, EA SPORTS. “Our team of passionate golf fans is meticulously recreating the world’s top courses such as Pebble Beach, and we can’t wait to give fans the opportunity to compete on some of the most iconic PGA TOUR courses and win the FedExCup.”

“We’ve partnered with EA SPORTS to bring immersive golf video game experiences to fans of all ages for years,” said Len Brown, PGA TOUR Chief Legal Officer and Executive Vice President Licensing and Merchandising. “We are thrilled to continue working with EA SPORTS on its golf franchise to authentically represent the PGA TOUR for the next generation. The newest game will give golf fans another way to experience their favorite sport, or to discover their passion for it.”

EA SPORTS' announcement of a new golf title comes on the heels of additional portfolio expansion in College Football and FIFA globally, showcasing the brand’s continued commitment to create new and exciting ways for millions of players to engage with sport through authentic interactive entertainment. With top EA SPORTS titles FIFA, Madden NFL, NHL, and UFC all recently achieving franchise records for player engagement, and the return to college football and golf, EA SPORTS continues its mission to grow the love of sports for fans everywhere.

EA SPORTS PGA TOUR is being developed in Orlando, FL by EA Tiburon. To stay updated on EA SPORTS PGA TOUR, follow @EASPORTSPGATOUR on Twitter, Facebook and Instagram or visit https://www.ea.com/sports for more information.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS™ FIFA, Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for Speed™, Titanfall™ and Plants vs. Zombies™. More information about EA is available at www.ea.com/news.

EA SPORTS, Battlefield, Apex Legends, The Sims, Need for Speed, Titanfall and Plants vs. Zombies are trademarks of Electronic Arts Inc. PGA TOUR, Madden, FIFA and the NFL are property of their respective owners and used with permission.

About PGA TOUR

By showcasing golf’s greatest players, the PGA TOUR engages, inspires and positively impacts our fans, partners and communities worldwide.

The PGA TOUR, headquartered in Ponte Vedra Beach, Florida, co-sanctions tournaments on the PGA TOUR, PGA TOUR Champions, Korn Ferry Tour, PGA TOUR Latinoamérica, Mackenzie Tour-PGA TOUR Canada and PGA TOUR Series-China. Members on the PGA TOUR represent the world’s best players, hailing from 29 countries and territories (94 members are from outside the United States). Worldwide, PGA TOUR tournaments are broadcast to 216 countries and territories in 28 languages. Virtually all tournaments are organized as non-profit organizations to maximize charitable giving, and to date, tournaments across all Tours have generated more than $3.2 billion.

Fans can follow the PGA TOUR on PGATOUR.COM, the No. 1 site in golf, on the PGA TOUR app and on social media channels, including Facebook, Instagram (in English, Spanish and Korean), LinkedIn, Twitter, WeChat, Weibo, Toutiao and Douyin.

Category: EA Studios


© Business Wire 2021
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Financials (USD)
Sales 2022 7 692 M - -
Net income 2022 752 M - -
Net cash 2022 1 781 M - -
P/E ratio 2022 53,0x
Yield 2022 0,52%
Capitalization 35 721 M 35 721 M -
EV / Sales 2022 4,41x
EV / Sales 2023 4,01x
Nbr of Employees 11 000
Free-Float 99,5%
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Number of Analysts 30
Last Close Price 126,31 $
Average target price 172,46 $
Spread / Average Target 36,5%
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Andrew P. Wilson Chairman & Chief Executive Officer
Blake J. Jorgensen EVP, Chief Operating & Financial Officer
Kenneth Moss Chief Technology Officer
Leonard S. Coleman Independent Director
Richard A. Simonson Independent Director
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