The past year was relatively weak for the game publisher EA. While it had doubled overall in the previous two years, 2019 and 2020, it barely budged last year. It reached a high of $150 as recently as January and fell lower and lower throughout the year until it hit a low of $120 in early December. Meanwhile, the stock price is back at $136.50. However, the long term uptrend remained stable and provided support for the last price rally.
The weak share price performance is surprising at first glance, as EA expanded its popular Battlefield computer game series last year with the new release Battlefield 2042. However, the new game was not as well received as expected and the reviews were mostly negative, resulting in declining player numbers.
Nevertheless, the business figures for the year were consistently positive. In November, published earnings beat estimates by over 50%. Electronic Arts sold $5.63 billion worth of goods and services last fiscal year, making a profit of $837 million. New financial figures are expected on 1 February 2022.
There are also a few events and game releases coming up this year like GRID Legends or Dead Space. Ongoing games like Apex Legends are supposed to get updates and Battlefield 2042 is supposed to start its 1st season. For the FIFA video game series from the EA Sports division, further news and releases could also ensure a strong year in terms of sales and strong share prices.
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