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ELECTRONIC ARTS INC.

(EA)
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Electronic Arts : GAMASUTRA-EXPERIENCE NEXT-LEVEL ACTION WITH F1 MOBILE RACING'S 2021 SEASON UPDATE OUT NOW

09/23/2021 | 08:26am EDT

Available Now Globally, Download for Free on Android and Ios.

WATCH THE LAUNCH TRAILER HERE

Today, Codemasters and Electronic Arts Inc. (NASDAQ: EA) released the 2021 Season Update for F1 Mobile Racing, an official free-to-play* handheld videogame of the 2021 FIA Formula One World Championship. With over 35 million downloads across the globe, F1 Mobile Racing now takes the action to a new level with epic real-time PvP racing, high-stakes global challenges, and improved visual quality, with a brand-new Career mode coming soon in an upcoming update.

Players can get behind the wheel of the official cars of the 2021 FIA Formula One World Championship or design their F1 vehicle and compete with real players, against the clock, or alongside intelligent AI opponents, on this season's official circuits. Updated audio and a visual overhaul make F1 Mobile Racing more immersive than ever, with content and new events to be added regularly.

Building on its success since launching in 2018, F1 Mobile Racing's update refines and expands features like car development, customisation, and more, followed by a brand-new Career mode also launching in a future update. Players can represent a team from this season's F1 grid, upgrade their car, and rise to the top of the podium in the pinnacle of motorsport - any time, any place.

'F1 Mobile Racing's 2021 Season Update is a major step forward, with a focus on replicating the exhilarating action of Formula 1 through a compete visual overhaul, refined gameplay and new game features,' said Vincent Meulle, Executive Producer at Codemasters. 'Whether players are racing for glory in Duels, competing in our huge slate of PvP events, or customising their experience with new parts and designs, we're excited to be expanding the ways in which anyone can live the dream of being an F1 driver.'

F1 Mobile Racing's 2021 Season Update is available now on compatible iOS and Android devices. For F1 Mobile Racing news, follow the official social channels on Instagram and Twitter, as well as the official Facebook group.

Network fees may apply. Includes in-app purchases.

This roadmap may change as we listen to community feedback and continue developing and evolving our Live Service & Content. We will always strive to keep our community as informed as possible. For more information, please refer to EA's Online Service Updates at https://www.ea.com/service-updates.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. EA 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.

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

ABOUT CODEMASTERS:

Codemasters is an award-winning British video game developer and publisher with over 30 years of heritage. The company specialises in high-quality racing games including DiRT, GRID, Project CARS, and the BAFTA award-winning official F1 series of videogames.

For more information on Codemasters' product portfolio, please visit www.codemasters.com. Join in the conversation with @codemasters on Twitter or Like us on Facebook at www.facebook.com/codemasters.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 7 529 M - -
Net income 2022 622 M - -
Net cash 2022 2 174 M - -
P/E ratio 2022 65,7x
Yield 2022 0,47%
Capitalization 38 347 M 38 347 M -
EV / Sales 2022 4,80x
EV / Sales 2023 4,38x
Nbr of Employees 11 000
Free-Float 99,5%
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Mean consensus BUY
Number of Analysts 31
Last Close Price 134,75 $
Average target price 169,77 $
Spread / Average Target 26,0%
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Managers and Directors
Andrew P. Wilson Chairman & Chief Executive Officer
Blake J. Jorgensen Chief Operating & Financial Officer
Kenneth Moss Chief Technology Officer
Leonard S. Coleman Independent Director
Richard A. Simonson Independent Director
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