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Electronic Arts Stock Gets Lift From Sports Offerings, New 'Battlefield' Game

Electronic Arts beat fiscal fourth-quarter profit and sales estimates on high demand for its sports offerings.
Electronic Arts Inc. (EA) experienced a stock price increase following the announcement of new sports titles and the upcoming release of "Battlefield 2042." The company's sports franchises, including FIFA, Madden NFL, and NHL, continue to drive significant revenue, with FIFA 22 selling over 9 million copies shortly after its release. The anticipation for "Battlefield 2042," set to launch in November 2021, also contributed to the positive stock movement, as it is expected to be a major hit. Additionally, EA reported strong quarterly earnings, with net bookings rising 28% year-over-year, further boosting investor confidence in the company's growth prospects.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/electronic-arts-stock-gets-lift-from-sports-offerings-new-battlefield-game-11729784 ]


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