Electronic Arts Inc.


SKU: EA Category:


Electronic Arts’ solid results were driven by its extensive IP portfolio and expanding network of players that are actively involved in its live services. These distinctive structural advantages helped the company deliver an all-around beat despite the fact that it navigates the macro environment’s volatility. Their business’s durability and longevity are still fueled by their collection of sports and owned IP properties. Its FIFA Mobile and FIFA Online 4 saw record-breaking engagement levels in the last quarter. In terms of net bookings, FIFA 22 is the biggest FIFA ever. The franchise has developed into a solid growth generator after delivering double-digit growth each of the last four years, and F1 ’22 net bookings also significantly surpassed their expectations. Additionally, they are witnessing tremendous prelaunch momentum for both consistently high-performing games, Madden and FIFA, which profit from having established decades-long relationships with their fervent player groups and larger sports ecosystems. Given their enormous player network’s steady, ongoing involvement across their wide range of products, we remain confident in EA’s ability to deliver strong results. We give them a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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