Electronic Arts Inc - EA STOCK NEWS

Electronic Arts (NASDAQ: EA) announced Kylian Mbappé and Sam Kerr as cover athletes for the upcoming EA SPORTS FIFA 23. This marks a historic moment with Kerr being the first female athlete featured solo on a global cover. Mbappé, on the cover for the third consecutive year, will share the spotlight with Kerr in the Ultimate Edition, with Kerr also representing in Australia, New Zealand, and as an Amazon exclusive. The game promises to be the most innovative yet, revealing its trailer on July 20 at 9 AM PT.

Barnes & Noble Education (NYSE: BNED) announced the appointment of three new independent directors: Mario Dell’Aera, Jr., Kathryn Eberle Walker, and Denise Warren. Additionally, Rory Wallace joins as part of a renewed cooperation with Outerbridge Capital Management. This decision reflects the company's commitment to enhancing board diversity and expertise, aimed at driving profitable growth and delivering value to shareholders. Former directors Lowell Robinson and Zachary Levenick have stepped down. The company plans to present the board's recommendations in the upcoming proxy statement.

Electronic Arts Inc. (NASDAQ: EA) will announce its financial results for the fiscal quarter ending June 30, 2022 on August 2, 2022 after market close. A conference call to discuss the results and future outlook will follow at 2:00 pm Pacific Time. Listeners can join via a dial-in or audio webcast and access further updates on EA's website. In fiscal 2022, EA reported net revenue of approximately $7 billion, highlighting its position as a leader in digital interactive entertainment.

Electronic Arts (NASDAQ: EA) has launched EA SPORTS™ F1 22, the official game of the 2022 FIA Formula One World Championship, across multiple gaming platforms. This edition features revolutionary cars, regulation changes, and the debut of the Miami International Autodrome. The game introduces significant enhancements like overhauled physics, Adaptive AI, and VR support on PC for an immersive experience. Players can also enjoy F1® Life, a customizable social hub, along with interactive race-day features. EA reported approximately $7 billion in GAAP net revenue in fiscal 2022.

Electronic Arts (NASDAQ: EA) announces the Apex Legends Global Series (ALGS) Year 2 Championship from July 7-10 at PNC Arena, Raleigh, NC, marking the first live audience event for the series. This comes after record-breaking viewership for the ALGS Split 2 Playoffs, which saw an average audience of 539,000 and over 10.3 million hours watched. The Championship features 40 teams competing for a $2 million prize pool, showcasing the growing competitive scene of Apex Legends.

Electronic Arts announces the worldwide launch of Madden NFL 23, set for August 19. The game features a new gameplay system, FieldSENSE™, delivering ultra-realistic football simulation only on next-gen consoles. Players will experience enhanced control and gameplay mechanics, including 360 Cuts and Skill Based Passing. The Face of the Franchise mode returns, allowing players to build careers across five skill positions. Pre-orders available with exclusive benefits. EA reported $7 billion in net revenue for FY2022, maintaining its position in the digital entertainment market.

At the Star Wars Celebration, Electronic Arts unveiled the highly anticipated Star Wars Jedi: Survivor, the sequel to Jedi: Fallen Order. Developed by Respawn Entertainment, the game will launch in 2023 for PlayStation 5, Xbox Series X/S, and PC. Set five years after the first game, players will continue the journey of Cal Kestis, who must evade the Empire while mastering new skills and strengthening his connection with the Force. The game aims to enhance dynamic combat and storytelling, promising an immersive experience for fans.

Electronic Arts (NASDAQ: EA) announced that the highly anticipated remake of Dead Space will launch on January 27, 2023, for PlayStation 5, Xbox Series X|S, and PC. Developed by Motive, this remake utilizes the Frostbite engine to enhance visuals and audio, providing a fresh, immersive experience while staying true to the original game. The preview during the Crafting the Tension livestream highlighted improvements in graphics, lighting, and gameplay depth, promising to elevate the horror experience for both new and returning players.

Electronic Arts reported preliminary financial results for FY22, concluding with record net bookings of $7.515 billion, a 21% increase year-over-year. Revenue for Q4 reached $1.825 billion, driven by live services, which constituted 85% of net bookings. The company declared a quarterly dividend of $0.19 per share, marking a 12% increase from the previous quarter. EA expects FY23 net revenue to range from $7.600 billion to $7.800 billion, with net income projected between $793 million and $815 million.