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ELECTRONIC ARTS INC.

(EA)
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Electronic Arts : 'Battlefield' publisher EA says investigating recent data breach

06/10/2021 | 12:25pm EDT

June 10 (Reuters) - Electronic Arts Inc is investigating a recent data breach, where some of its game source code and related tools were stolen, the videogame publisher said on Thursday, becoming the latest victim of a spate of cyberattacks on U.S. companies.

The publisher of titles such as "Battlefield," "Apex Legends" and "Madden NFL 21" said it does not expect the breach to have an impact on its games or business and that it was working with law enforcement officials and other experts as part of an ongoing criminal investigation.

Vice's Motherboard earlier reported https://bit.ly/3ivyfz8 that hackers had stolen a wealth of data, including source codes for popular title "FIFA 21" and source code and tools for Frostbite engine, a software development toolset for game creators.

Overall, hackers stole about 780 gigabytes of data and also advertised it for sale on several underground hacking forum posts, according to the report.

"No player data was accessed, and we have no reason to believe there is any risk to player privacy," EA said in a statement.

Hacking activity against corporations in the United States and other countries has increased as digital thieves have been able to take advantage of security weakened by work-from-home policies due the COVID-19 pandemic.

The breach comes on the heels of high-profile cyberattacks on Meatpacker JBS USA and Colonial Pipeline, the largest fuel pipeline in the United States.

Shares of EA fell as much as 2.4% to a session low of $142.31. (Reporting by Akanksha Rana and Subrat Patnaik; Editing by Anil D'Silva)


ę Reuters 2021
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Financials (USD)
Sales 2022 7 392 M - -
Net income 2022 913 M - -
Net cash 2022 3 584 M - -
P/E ratio 2022 45,6x
Yield 2022 0,48%
Capitalization 40 313 M 40 313 M -
EV / Sales 2022 4,97x
EV / Sales 2023 4,64x
Nbr of Employees 11 000
Free-Float 99,0%
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Technical analysis trends ELECTRONIC ARTS INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 36
Last Close Price 140,86 $
Average target price 163,05 $
Spread / Average Target 15,8%
EPS Revisions
Managers and Directors
NameTitle
Andrew P. Wilson Chief Executive Officer & Director
Blake J. Jorgensen Chief Operating & Financial Officer
Lawrence F. Probst Chairman
Kenneth Moss Chief Technology Officer
Leonard S. Coleman Independent Director
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