Electronic Arts Inc

EA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$814.00	Kxvpfw	Lkndkxmzb

Electronic Arts Earnings: Core Franchises Drive Outperformance

Neil Macker

May 10, 2023

Narrow-moat EA ended its fiscal 2023 strongly as fourth-quarter bookings and adjusted operating income both came well ahead of FactSet consensus. EA benefited from strong showings with core franchises as Apex Legends received a boost from its fourth anniversary and FIFA 23 became the bestselling launch in the franchise's long history. We are maintaining our $142 fair value estimate.

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