ELECTRONIC ARTS INC.

(EA)
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Delayed Nasdaq  -  05/24 04:00:00 pm EDT
136.68 USD   +2.18%
05/23JPMorgan Chase, Electronic Arts rise; Broadcom, Amazon fall
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05/23Electronic Arts Said Seeking Suitor, Merger Partner; Shares Rise Pre-Bell
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05/20Game Developer -F1 22 ADDS CIRCUIT UPDATES TO MIRROR REAL-WORLD TRACK CHANGES
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Electronic Arts, Take-Two Interactive Shares Gain After Activision Deal

01/18/2022 | 01:54pm EDT

By Will Feuer


Shares of Activision Blizzard Inc. rivals Electronic Arts Inc. and Take-Two Interactive Software Inc. rose in midday trading Tuesday after Microsoft Corp. agreed to buy Activision in a deal valued at nearly $70 billion.

Electronic Arts stock last traded 4.7% higher at $136.60, while shares of Take-Two Interactive, which recently agreed to buy game maker Zynga Inc. in a roughly $11 billion deal, were 2.1% higher at $155.72.

The gains among video game producers came amid a broader market sell-off that saw the Nasdaq drop 2.4% around midday. The moves suggest that investors may be betting that video game producers are becoming attractive targets for bigger media players that are looking for ways to break into the nascent metaverse.

Electronic Arts, which is behind games such as Apex Legends and FIFA, fell 8% last year. Its market value now stands at about $38.54 billion.

Take-Two Interactive, which makes Grand Theft Auto, dropped about 15% last year, bringing its market value to $17.99 billion.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

01-18-22 1354ET

Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. -0.22% 77.03 Delayed Quote.15.78%
ELECTRONIC ARTS INC. 2.18% 136.68 Delayed Quote.3.62%
MICROSOFT CORPORATION -0.40% 259.62 Delayed Quote.-22.81%
NASDAQ COMP. -2.35% 11264.45 Real-time Quote.-26.27%
TAKE-TWO INTERACTIVE SOFTWARE, INC. -0.75% 122.69 Delayed Quote.-30.44%
ZYNGA INC. -2.04% 8.18 End-of-day quote.0.00%
All news about ELECTRONIC ARTS INC.
05/23JPMorgan Chase, Electronic Arts rise; Broadcom, Amazon fall
AQ
05/23Electronic Arts Said Seeking Suitor, Merger Partner; Shares Rise Pre-Bell
MT
05/20Game Developer -F1 22 ADDS CIRCUIT UPDATES TO MIRROR REAL-WORLD TRACK CHANGES
AQ
05/18ELECTRONIC ARTS INC. : Other Events (form 8-K)
AQ
05/16GTA publisher Take-Two signals drop in demand from pandemic highs
RE
05/16GTA publisher Take-Two signals drop in demand from pandemic highs
RE
05/12Electronic Arts' 'Dead Space' remake gets official release date
AQ
05/12Classic Sci-Fi Survival Horror Is Back When Dead Space Launches January 27, 2023 for Pl..
BU
05/12WALL STREET STOCK EXCHANGE : A new era of sobriety
05/12Goldman Sachs Lowers Electronic Arts Price Target to $125 From $145, Maintains Neutral ..
MT
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Analyst Recommendations on ELECTRONIC ARTS INC.
More recommendations
Financials (USD)
Sales 2022 7 532 M - -
Net income 2022 715 M - -
Net cash 2022 1 451 M - -
P/E ratio 2022 52,9x
Yield 2022 0,48%
Capitalization 38 437 M 38 437 M -
EV / Sales 2022 4,91x
EV / Sales 2023 4,51x
Nbr of Employees 11 000
Free-Float 99,5%
Chart ELECTRONIC ARTS INC.
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Electronic Arts Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ELECTRONIC ARTS INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 136,68 $
Average target price 152,99 $
Spread / Average Target 11,9%
EPS Revisions
Managers and Directors
Andrew P. Wilson Chairman & Chief Executive Officer
Christopher Suh Chief Financial Officer & Executive Vice President
Kenneth Moss Chief Technology Officer
Laura Miele Chief Operating Officer & Executive Vice President
Leonard S. Coleman Independent Director
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