Electronic Arts Inc

EA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$344.00	Nbdfs	Gptqcwxrj

EA Earnings: Strong Star Wars Jedi Survivor Launch Heralds a New Core Franchise

Neil Macker

Aug 2, 2023

Electronic Arts kicked off fiscal 2024 with a solid showing, as first-quarter bookings met and adjusted operating income came in ahead of FactSet consensus. EA benefited from strong core franchise growth as FIFA 23 drove increased engagement and Star Wars Jedi: Survivor built off the success of the original title. We are raising our fair value estimate to $150 from $142 due to improved margins and the launch of EA Sports FC, the rebranded version of FIFA.

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