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The release of new state-of-the-art videogame consoles from Microsoft (MSFT) and Sony (SNE) isn't just the start of a new era for the industry (the two companies' last consoles came out seven years ago), but also an exclamation point on a banner year, with gamers new and old stuck at home and...
Videogame sales growth accelerated in October, the last month before the first new major console launches in four years, as a double-digit gain in content sales offered a preview of what might be as the industry entered its crucial quarter. Overall sales rose 14% year-over-year in October, to...
The demand, the excitement, the revenue growth ahead for video gaming has been incredibly impressive, creating a potential $257 billion opportunity by 2025. "Gaming is one of the largest and fastest-growing forms of entertainment in the world. We expect there to be more than $200 billion of...
Video game producer Electronic Arts (NASDAQ: EA) continues to benefit as people still have limited entertainment options. Many schools and colleges remain closed for in-person classes, so the younger generation that tends to play the company's games is spending more time near their ...
A quarterly wrap-up from NPD Group says that Q3 was the best third quarter ever for videogame spending, which shattered previous highs for the time frame during a period where the industry continued to benefit from pandemic measures. Overall spending hit $11.2B from July through September, up...
Electronic Arts (NASDAQ: EA) announced its latest earnings result and saw its stock drop over 7% the next day. The company achieved record numbers on a few of its financials and even declared a new dividend, but investors were not happy with its forward guidance. Image source: G...
Investors were expecting to hear good things from Electronic Arts (NASDAQ: EA) when the video game maker issued its fiscal second-quarter results. The pandemic has placed a new premium on at-home entertainment just when EA was releasing a flood of new content across franchises like ...
The world of gaming is becoming more popular by the day, giving significant demand. The sheer size of the gaming community is a substantial revenue driver. Of the total population of 7.7 billion people in the world, according to Financial Post, it’s estimated that a third of the popu...
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Shares of Electronic Arts (NASDAQ: EA) declined by 7.1% on Friday after the video game maker's forward guidance sparked concern among investors. EA's revenue fell 14.6% year over year to $1.2 billion in the second quarter, mainly due to game launches being slated to take place l...
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2024-07-31 15:30:09 ET Raymond James analyst issues OVERWEIGHT recommendation for EA on July 31, 2024 01:36PM ET. The previous analyst recommendation was Overweight. EA was trading at $152.73 at issue of the analyst recommendation. The overall analyst consensus : BUY. ...
2024-07-31 10:15:05 ET Raymond James analyst issues OUTPERFORM recommendation for EA on July 31, 2024 08:32AM ET. The previous analyst recommendation was Outperform. EA was trading at $149.12 at issue of the analyst recommendation. The overall analyst consensus : BUY. ...
2024-07-31 07:30:08 ET Goldman Sachs analyst issues NEUTRAL recommendation for EA on July 31, 2024 05:22AM ET. The previous analyst recommendation was Neutral. EA was trading at $149.12 at issue of the analyst recommendation. The overall analyst consensus : BUY. Curr...