2024-02-01 06:49:39 ET
Summary
- Electronic Arts' latest quarterly result was highlighted by strong profitability despite soft holiday shopping season trends.
- An ongoing shift in the business with live services and in-game content representing a greater share of revenues has helped drive margins higher.
- We are bullish on EA stock and view any near-term weakness as a buying opportunity.
Electronic Arts ( EA ) reported Q3 earnings with EPS coming in ahead of estimates while net booking was slightly below consensus. This quarter covering the holiday shopping season wasn't great, but we believe the underlying trends and solid fundamentals continue to support a positive long-term outlook....
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Electronic Arts: Plenty Of Reasons To Stay Bullish Following Mixed Q3