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Electronic Arts’ Earnings Boost Stock Amid Cautious Investor Outlook
Electronic Arts’ Earnings Boost Stock Amid Cautious Investor Outlook
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Electronic Arts (EA) saw its stock rise 0.69% following a stronger-than-expected quarterly earnings report, with net revenue reaching $1.9 billion. The success of ’Split Fiction,’ which sold 4 million units, and a 70% surge in net bookings for its Madden NFL and College Football series fueled the uptick.
Despite these gains, EA forecasts a declining player base for Apex Legends and has no major game releases slated for the current quarter. The lack of new content raises questions about the company’s ability to maintain momentum, leaving investors wary of short-lived gains.
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