Electronic Arts (NASDAQ: EA) helped keep the world entertained while people were spending a whole lot of time indoors in 2020. The company was rewarded with sales increasing by double digits from the year before.
Impressively, the company is maintaining a higher level of sales as economies reopen. If it can maintain that momentum when it reports another quarterly earnings, it will ease investor concerns that revenue would drop when people have more entertainment options away from home.
The game manufacturer and seller is set to report second-quarter earnings for fiscal 2022 on Nov. 3. It had a slew of notable game titles released in the current quarter, including one from its most popular franchise, FIFA 2022. The title's predecessor ( FIFA 2021 ) energized its outperformance in the first quarter, and shareholders are hoping the trend will continue.
For further details see:
Electronic Arts Q2 Earnings Preview: FIFA 2021 Is Fueling Outperformance