Electronic Arts Inc. (NASDAQ: EA) has released its fourth-quarter financial report for the fiscal year 2022. The rise in income and a threefold increase in profits thrilled investors. As a result, on May 11, EA’s stock touched $120.49.
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Electronic Arts’ net income rose 21% year over year to $7.51 billion, while sales increased 24.5% to $6.99 billion in the fiscal year ending March 31. enhanced the company’s profitability, allowing it to nearly treble earnings to $0.8 per share in the fourth quarter, buy back $325 million in shares, and pay $0.17 per share in dividends. Earnings per share for the whole fiscal year were $2.76.
Even though Wall Street expected greater profit, Electronic Arts Inc. (EA) finished another record fiscal year. The gain, though, is still considerable. At the same time, the EA audience has grown by 16% to 580 million unique active accounts, which is a promising indicator.
Individually popular franchises performed well. As a result, the viewership of the FIFA football simulator on mobile expanded by an astonishing 80% year over year in the last quarter. The online shooter Apex Legends’ twelfth game season has the most player engagement since its inception in 2019.
Electronic Arts Inc. (EA) expects sales of $7.6-$7.8 billion and net income of $2.79-$2.87 per diluted share for the fiscal year 2023.
Despite the good success of the quarter, annual revenues are already trailing the record levels set during the COVID-19 period, when people were compelled to isolate themselves and utilised video games as one of their primary sources of pleasure. Electronic Arts Inc. (EA), on the other hand, continues to grow its company effectively.
In the last month, EA stock has dropped -1.71 percent, -11.27 percent in three months, and -13.81 percent in six months. The volatility of EA stock during the last week was found to be 5.28 percent, while the volatility over a month was 3.27 percent.
