$EA (Electronic Arts Inc.)

$EA {{ '2016-02-18T09:40:20+0000' | timeago}} • Announcement

Electronic design automation company $EA said it has agreed to sell $600MM of its 3.700% Senior Notes due 2021 at 99.850% and $400MM of its 4.800% Senior Notes due 2026 at 99.669%. The offering is expected to close on Feb. 24. The 2021 notes will mature on March 1, 2021 and the 2026 notes will mature on March 1, 2026.

$EA {{ '2017-06-12T11:12:40+0000' | timeago}} • Announcement

Gaming company $EA will launch a new ‘EA Originals’ game titled A Way Out in early 2018, in partnership with Hazelight. The new game, a co-op only game uniquely tailored for two players to work together, comes from the team that created the critically-acclaimed indie title, Brothers - A Tale of Two Sons.

$EA {{ '2017-05-12T13:51:39+0000' | timeago}} • Infographic

$EA Electronic Arts Earnings AlphaGraphics: Q4 2017 Highlights

$EA {{ '2017-05-09T22:12:54+0000' | timeago}} • Webcast

On the M&A front, $EA said it has passed on few opportunities as the valuations of the companies were high. The company continues to have its eyes and ears open, but said there is not a long list of companies of scale that it can go after.

$EA {{ '2017-05-09T20:30:48+0000' | timeago}} • Announcement

Starting in 1Q18, $EA said it will adopt FASB ASU 2016-09 related to stock-based compensation. The new guidance will require $EA to change how it reports the cash effects of stock-based compensation in cash flow statement. It does increase operating cash flow and decrease cash flow from financing activities.

$EA {{ '2017-05-09T20:29:26+0000' | timeago}} • Announcement

$EA expects 1Q18 net revenue of about $1.425Bil, net income of about $605MM and EPS of about $1.93. The company predicts a share count of 314MM for purposes of calculating 1Q18 EPS. Net sales is expected to be about $750MM.

$EA {{ '2017-05-09T20:27:39+0000' | timeago}} • Announcement

$EA expects FY18 net revenue of about $5.075Bil, net income of about $1.125Bil and EPS of about $3.57. Operating cash flow, reflecting the recently adopted accounting standard related to stock-based compensation, is expected to be about $1.575Bil. $EA sees share count of 315MM for purposes of calculating FY18 EPS.

$EA {{ '2017-05-09T20:25:39+0000' | timeago}} • Announcement

$EA announced a new program to repurchase up to $1.2Bil of the company's common stock. This new stock repurchase program expires on May 31, 2019.

$EA {{ '2017-05-09T20:24:43+0000' | timeago}} • Announcement

$EA reported a drop in 4Q17 earnings due to last year's benefit from income taxes. Net income fell to $566MM or $1.81 per share from $899MM or $2.79 per share last year. Revenue grew to $1.53Bil from $1.31Bil.

$EA {{ '2017-03-21T13:34:50+0000' | timeago}} • Announcement

$EA and BioWare announced that Mass Effect: Andromeda, the latest edition of the game franchise, is available now on Origin for PC, $MSFT's Xbox One and $SNE's PlayStation 4 in North America and starting March 23, 2017, in Europe.

$EA {{ '2017-01-31T22:42:28+0000' | timeago}} • Webcast

Mobile game publisher $EA reported that 3Q17 results were driven by the launch of Battlefield 1 game and strong performance from FIFA 17 and FIFA 17 Ultimate Team games. 3Q17 was a $1Bil cash flow quarter. Revenue was above the company's guidance by $24MM and year-on-year growth was driven by Battlefield 1.

$EA {{ '2017-01-31T21:20:30+0000' | timeago}} • Announcement

$EA expects FY17 net revenue of about $4.8Bil, net income of about $914MM and EPS of about $2.91. The company predicts 2017 operating cash flow of about $1.35Bil and share count of 314MM. For 4Q17, $EA sees net revenue of about $1.482Bil, net income of about $513MM, EPS of about $1.64 and share count of 313MM.

$EA {{ '2017-01-31T21:17:30+0000' | timeago}} • Announcement

$EA reported a narrower 3Q17 loss driven by higher revenue as well as an income tax benefit. Net loss narrowed to $1MM or breakeven per share from $45MM or $0.14 per share last year. Revenue grew to $1.15Bil from $1.07Bil.

$EA {{ '2016-12-13T17:26:57+0000' | timeago}} • Announcement

$EA said entered into a new partnership between Real Racing 3, a mobile racing franchise, and the FIA Formula E Championship, a fully-electric single-seater series. This partnership will give players the exclusive season-opening Hong Kong ePrix experience.

$EA {{ '2016-11-01T23:38:19+0000' | timeago}} • Infographic

$EA Electronic Arts Earnings AlphaGraph: Q2 2017 Highlights.

$EA {{ '2016-11-01T22:04:33+0000' | timeago}} • Webcast

$EA said that on FIFA Mobile opportunity, soccer is much larger sport than American football, which is a positive for the game. The company added that mobile games tend to monetize well in the west and in the US. $EA is also seeing large potential in all of Europe, Latin American and China where the company is planning to capture the market.

$EA {{ '2016-11-01T21:47:59+0000' | timeago}} • Webcast

$EA stated that 3Q17 is expected to be the company's biggest cash flow quarter ever. Operating expenses for the quarter is expected to be $652MM, including $50MM in stock based compensation and $2MM in acquisition related expenses.

$EA {{ '2016-11-01T21:39:29+0000' | timeago}} • Webcast

During 2Q17, $EA repurchased 1.6MM shares at a cost of $127MM, leaving $282MM in the company's two-year $1Bil buyback program started in May 2015. Cash and short term investments at the end of 2Q17 were $3.27Bil, of which 43% was held onshore.

$EA {{ '2016-11-01T21:34:46+0000' | timeago}} • Webcast

$EA's operating expenses rose 4% YoverY to $546MM in 2Q17, driven by higher investment in R&D. This operating expense amount includes $47MM in stock based compensation and $1MM in acquisition related expenses, said the company. Free cash flow on a TTM basis was $1Bil, with CapEx of $120MM.

$EA {{ '2016-11-01T20:42:53+0000' | timeago}} • Announcement

For 3Q17, $EA expects net revenue to be about $1.125Bil. The company also expects net loss for 3Q17 to be about $53MM or $0.17 per diluted share, while share count is expected to be 304MM shares.

$EA {{ '2016-11-01T20:40:56+0000' | timeago}} • Announcement

$EA expects FY17 net revenue to be about $4.775Bil and GAAP net income is expected to be about $848MM or about $2.69 per diluted share. Operating cash flow for FY17 is expected to be approx. $1.3Bil, and the company expects a share count of 315MM.

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