Hours before its earnings report, Electronic Arts announced a multi-year sponsorship with Spain’s LaLiga professional soccer league, after ending its relationship with FIFA earlier this year.
Electronic Arts Inc. shares fluctuated in the extended session Tuesday after the videogame publisher reported solid revenue growth that comfortably beat Wall Street’s forecast.
The company reported revenue of $1.767 billion, compared with revenue of $1.551 billion in the prior year’s quarter. The publisher of the “Madden NFL” franchise and action titles like “Apex Legends” and “Battlefield 2042” also declared a quarterly cash dividend of 19 cents a share. “EA delivered strong results in Q1 with our growing player network deeply engaged in new games and live services,” said CEO Andrew Wilson, in a statement. “Our expanding EA Sports portfolio and owned-IP franchises continue to power resilience and longevity in our business.”
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