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Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector
TechXplore· 2024-03-01 03:00
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years. The video game maker said in a regulatory filing that its board approved a restructuring plan that includes th ...
Electronic Arts (EA) Up 1.8% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-03-01 01:36
A month has gone by since the last earnings report for Electronic Arts (EA) . Shares have added about 1.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Electronic Arts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Electronic Arts' Q3 Earnings and Revenues Ris ...
Electronic Arts cuts workforce by 5%, cancels Star Wars game
Proactive Investors· 2024-02-29 23:33
Gaming giant Electronic Arts is Inc reducing its workforce by 5% as part of a broader restructuring plan to limit costs across the company’s operations. According to the latest numbers published in May 2023, EA employs 16,400, meaning around 670 employees will be laid off. EA is expected to incur between $125 million and $165 million in total charges in connection with the restructuring. In a letter to employees, chief executive Andrew Wilson announced that EA will also be “sunsetting games” while “moving a ...
Electronic Arts Plans Layoffs Of Five Percent Of Workforce, Cancels ‘Star Wars' Game
Deadline· 2024-02-29 10:54
Electronic Arts, which makes such games as Madden NFL and Apex Legends, said today that it plans to lay off five percent of its employees and will discontinue work on several games. The announcement continues the ongoing downsizing in the gaming and tech space, a development that has seen thousands of jobs lost. EA said the layoffs are part of a broader restructuring aimed at supporting “strategic priorities and growth initiatives,” according to a Tuesday securities filing. EA said in that document that i ...
EA to lay off about 5% of its workforce, end development of some videogames
Market Watch· 2024-02-29 09:37
Videogame maker Electronic Arts Inc. said Wednesday it will cut about 5% of its workforce and plans to cancel some games in development.In a letter to employees, Chief Executive Andrew Wilson said “we are streamlining our company operations to deliver deeper, more connected experiences for fans.”He said the layoffs will affect about 5% of the company’s global workforce, which would be around 670 people, based on a staff of 13,400 as of last March, according to an SEC filing. “We are also sunsetting games an ...
Join the F1® Grid for the Season Start - Select 2024 Cars and Liveries Available Now in F1® 23 With Pre-Order of F1® 24 - Launching Worldwide May 31
Businesswire· 2024-02-28 00:00
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today Electronic Arts Inc. (NASDAQ: EA) announced that F1® 23 players can jump into Time Trial challenges with selected all-new 2024 team cars prior to this weekend’s opening race by pre-ordering* F1® 24^, coming May 31 across PlayStation®5, Xbox Series X|S, PlayStation®4, Xbox One, and PC, via EA App, Epic Games Store, and Steam. For a time-limited period, a new loyalty program rewards drivers who own any of F1® 2021, F1® 22, or F1® 23 with a 15% discount when they pr ...
EA's college-football videogame is ‘taking advantage' of players with $600 payment
Market Watch· 2024-02-23 03:09
Electronic Arts Inc. has finally revealed how much it will pay college athletes to appear in its highly anticipated upcoming videogame “EA Sports College Football 25.”A total of 11,390 college-football players from 134 FBS schools will be eligible to receive $600 each for their name, image and likeness (NIL) to appear in the game, no matter if they are the star quarterback or a backup defensive lineman on their team. Players will also get a free copy of the game from EA Sports, Electronics Arts’s EA, +1.91% ...
EA's ‘College Football 25' Will Release This Summer—Here's What We Know As Franchise Makes Anticipated Return
Forbes· 2024-02-16 02:42
ToplineEA Sports’ college football franchise will return this summer, the video game company announced Thursday, after the franchise was discontinued over a decade ago amid ongoing lawsuits over whether college athletes should be paid for their names and likenesses.The video game company last released a college football title in 2013. NurPhoto via Getty Images Key FactsThe new game—”EA Sports College Football 25”—was confirmed for an unspecified launch date for “this summer” in a new trailer, with a full re ...
EA SPORTS Madden NFL 24 Predicts Kansas City Chiefs to Win Second Consecutive Super Bowl
Businesswire· 2024-02-06 23:32
EA SPORTS™庆祝2023年NFL赛季 - EA SPORTS™通过多种现场体验、数字内容和在EA SPORTS™ Madden NFL 24中的游戏,全面参与超级碗LVIII[1] - EA SPORTS和Madden NFL 24在超级碗LVIII周围的活动包括举办“未来之场”活动,旨在赋予年轻女性在足球领域提升技能、激情和知识的机会[3] - 球迷可以在超级碗体验活动中玩Madden NFL 24,并通过重新想象的Madden Cruiser与教练马登的遗产互动[8] Madden NFL 24预测和活动 - Madden NFL 24官方预测堪萨斯城酋长队将以30-28的比分击败旧金山49人队赢得超级碗LVIII[1] - Madden NFL 24预测帕特里克·马洪斯将成为第三位连续获得超级碗最有价值球员奖的球员,领导酋长队在一场胶着的比赛中以30比28击败49人队[2] - Madden NFL 24玩家可以探索德里克·布鲁克斯、肖恩·墨菲-邦丁、泰兰·马修、杰罗姆·贝蒂斯和穆辛·穆罕默德在黑人历史月份的特别终极团队计划中的影响和鼓舞人心的旅程[4] - Madden NFL 24将被添加到Play List中,允许EA Play*用户在赛季最重要的足球周期间进行游戏[5] - 在终极马登碗决赛中,世界上最好的两名Madden NFL玩家将在拉斯维加斯的House of Blues前在Twitch和YouTube上进行比赛[6] EA SPORTS™举办的活动 - EA SPORTS™将举办Madden Bowl活动,表演嘉宾包括BRELAND、Big Boi和特别嘉宾Killer Mike,由Green Day担任主演[7] - 足球迷可以通过在PlayStation®和Xbox平台上购买游戏,享受高达70%的折扣,直到2月12日[10]
Electronic Arts(EA) - 2024 Q3 - Quarterly Report
2024-02-06 00:00
财务表现 - 公司在2023年12月31日的财季总净收入为19.45亿美元,同比增长3%[93] - 公司的总毛利率为72.8%,同比增长3个百分点[93] - 公司的营业利润为3.65亿美元,同比增长26%[93] - 公司的净利润为2.9亿美元,每股摊薄收益为1.07美元[93] - 公司的经营活动提供的净现金为12.64亿美元,同比增长13%[93] - 公司回购了价值3.25亿美元的250万股普通股[93] - 公司在2023年12月31日的现金、现金等价物和短期投资总额为31.04亿美元[93] 游戏业务 - 公司的数字全游戏下载净收入在2023财年为12.62亿美元,同比增长[96] - 公司的数字全游戏下载单位销量占总销量的比例分别为68%、65%和62%[96] - 公司的净订购额为23.66亿美元,主要受到EA SPORTS FC 24、EA SPORTS Madden NFL 24、Apex Legends和The Sims 4的销售推动[105] 收入确认 - 游戏服务中,通常将销售价格的75%分配给软件许可绩效义务,并在控制权转移给客户时一次性确认[110] - 在线托管服务游戏的销售被认为有一个独特的绩效义务:在线托管,我们将随着服务的提供而确认收入[111] - 额外内容的收入主要来自虚拟货币和数字游戏内容的销售,根据不同情况进行会计处理[112] - 订阅销售被视为一个绩效义务,我们在订阅期内按比例确认收入[113] - 我们利用第三方许可商分发和托管我们的游戏和内容,根据许可协议支付固定最低保证金和/或基于销售的版税[114] 费用支出 - 公司的成本为13.53亿美元,占净收入的23%[140] - 研发支出在2023年12月31日的三个月内增加了2.8亿美元,同比增长5%[142] - 营销和销售支出在2023年12月31日的三个月内增加了2亿美元,同比增长8%[145] 资本管理 - 公司在2023年前9个月,通过资本回报计划向股东返还了11.29亿美元[157] 风险管理 - 公司的流动性可能受到各种风险和不确定性的影响,包括但不限于客户需求和对公司产品的接受程度,成功收回应收账款,成功实现产品发布计划和达到销售目标,美国和国外的经济状况,公司可能进行的收购和其他战略交易的影响,竞争的影响,业务和运营结果的季节性和周期性,以及本报告第II部分第1A项中包含的“风险因素”部分中描述的其他风险[160] - 公司暴露于各种市场风险中,包括外汇汇率、利率和市场价格的变化,这些风险经历了显著的波动[161] - 公司使用外汇远期合同来对冲预期的风险或减轻一些现有的外汇风险[162] - 公司相信外汇远期合同的交易对手是信用良好的跨国商业银行,虽然我们相信违约风险不是重大的,但金融机构的财务稳定持续下降可能会影响我们为外汇对冲计划寻找信用良好的交易对手的能力[165]