Electronic Arts Inc.

EA

US2855121099

Software

Market Closed - Nasdaq Other stock markets 04:15:00 2024-05-03 pm EDT			5-day change	1st Jan Change
129.6 ^USD	+0.82%		+1.30%	-5.30%

May. 03	Electronic Arts Insider Sold Shares Worth $256,303, According to a Recent SEC Filing	MT
May. 01	Roth MKM Adjusts Price Target on Electronic Arts to $135 From $140	MT

Electronic Arts Buys Playdemic From Warner Bros. Games, AT&T for $1.4 Billion

June 23, 2021 at 07:33 am EDT

By Dave Sebastian

Electronic Arts Inc. has agreed to buy mobile games studio Playdemic Ltd. for $1.4 billion in cash from AT&T Inc. and Warner Bros. Games.

EA on Wednesday said the acquisition is part of its growth strategy for its network of half a billion players world-wide. Founded in 2010, Playdemic is known for its Golf Clash game on iOS, Android and Facebook.

The remaining Warner Bros. Games portfolio is part of the recently announced transaction between AT&T's WarnerMedia unit with Discover Inc., a deal that will create a media and entertainment company under the name Warner Bros. Discovery.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

06-23-21 0933ET

Latest news about Electronic Arts Inc.

Electronic Arts Insider Sold Shares Worth $256,303, According to a Recent SEC Filing	May. 03	MT
Roth MKM Adjusts Price Target on Electronic Arts to $135 From $140	May. 01	MT
Electronic Arts Inc. and Surgent Studios Announce Vibrant Realms and Bantu Myths in Tales of Kenzera?: ZAU	Apr. 23	CI
Electronic Arts Inc. Unveiled the Full Feature Set for F1 24, an Official Game of the FIA Formula One World Championship	Apr. 18	CI
Zacks Investment Research Adjusts Price Target on Electronic Arts to $134 From $144	Apr. 15	MT
BNP Paribas Exane Raises Price Target on Electronic Arts to $170 From $165	Apr. 12	MT
Electronic Arts Insider Sold Shares Worth $265,640, According to a Recent SEC Filing	Apr. 03	MT
PC, console growth to lag pre-pandemic levels as gamers clock in fewer hours, report says	Apr. 02	RE
Electronic Arts Expected to Post Drop in Fiscal Q4 Bookings, UBS Says	Mar. 27	MT
UBS Cuts Electronic Arts Price Target to $143 From $146, Maintains Neutral Rating	Mar. 27	MT
Video game retailer GameStop slumps after sharp decline in quarterly sales	Mar. 27	RE
Electronic Arts Prospects for Steady Growth in FC, Core Franchises Remain Positive, Oppenheimer Says	Mar. 25	MT
Tencent's next level up: fewer big foreign franchise games, more in-house	Mar. 21	RE
Siemens under pressure after record high - Cautious tone	Mar. 19	DP
Keywords revenue rises despite "difficult" 2023 for video game sector	Mar. 13	AN
Transcript : Electronic Arts Inc. Presents at Morgan Stanley?s Technology, Media & Telecom Conference 2024, Mar-06-2024 12:35 PM	Mar. 06
Electronic Arts Insider Sold Shares Worth $278,160, According to a Recent SEC Filing	Mar. 04	MT
Global markets live: HP, Moncler, Snowflake, Salesforce, Duolingo...	Feb. 29
News Highlights : Top Company News of the Day - Wednesday at 9 PM ET	Feb. 28	DJ
News Highlights : Top Company News of the Day - Wednesday at 7 PM ET	Feb. 28	DJ
News Highlights : Top Company News of the Day - Wednesday at 5 PM ET	Feb. 28	DJ
Electronic Arts to lay off 5% of workforce, reduce office space	Feb. 28	RE
Electronic Arts to lay off 5% of workforce	Feb. 28	RE
Wall Street: horizontal consolidation	Feb. 28	CF
WallStreet: consolidates horizontally, US stats more mixed	Feb. 27	CF

Chart Electronic Arts Inc.

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Company Profile

Electronic Arts Inc. is one of the principal North American developers and publishers of video games. The group markets games for consoles (59.8% of net sales; PlayStation 3 and 4, Xbox 360 and Xbox One, etc.), mobile phones (16.9%), and other (23.3%; mainly PCs and tablets). Net sales break down by family of products as follows: - digital gaming software (73.9%): software downloaded via Internet. The group also offers of third-party software; - physical gaming software (26.1%). North America accounts for 42.4% of net sales.

Sector

Software

Calendar

2024-05-07 - Q4 2024 Earnings Release

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Ratings for Electronic Arts Inc.

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Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

129.6 USD

Average target price

152.1 USD

Spread / Average Target

+17.41%

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Electronic Arts Inc.

Equities

EA

US2855121099

Software

Electronic Arts Buys Playdemic From Warner Bros. Games, AT&T for $1.4 Billion

EPS Revisions