Electronic Arts wraps record year with profit gains
Electronic Arts EA is up 2.6% twilight after the arrival of its financial Q4 income, where it topped accord however tempered benefit desires in direction.
Advanced net appointments rose 17% to $3.538B.
Net salary rose to $607M from $566M.
Working income hopped to $615M from $437M (recast to consolidate an adjustment in stock-based remuneration).
For the full monetary year, it’s controlling to net income of $5.6B, joined with change in conceded net income of $250M for $5.85B, above accord for $5.61B. It’s expecting weakened EPS of $3.55 (versus GAAP desires for $4.11).
About Electronic Arts
Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. EA has more than 300 million registered players around the world.
In fiscal year 2017, EA posted GAAP net revenue of $4.8 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as The Sims™, Madden NFL, EA SPORTS™ FIFA, Battlefield™, Need for Speed™, Dragon Age™ and Plants vs. Zombies™. More information about EA is available at www.ea.com/news.
The Sims, EA SPORTS, Ultimate Team, Frostbite, Battlefield, Need for Speed, Dragon Age and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL and FIFA are the property of their respective owners and used with permission. Official FIFA licensed product. © FIFA, FIFA’s Official Licensed Product Logos, and the Emblems, Mascots, Posters and Trophies of the FIFA World Cup™ tournaments are copyrights and/or trademarks of FIFA. All rights reserved.
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