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Fintel reports that on July 28, 2025, Wells Fargo initiated coverage of Electronic Arts (NasdaqGS:EA) with a Equal-Weight ...
Electronic Arts Inc. Q4 and FY24 Results In the third quarter of FY2025, the company posted revenue of $1.883 billion, slightly below last year's level, but with earnings remaining at $293 million.
The layoffs are the latest to hit Electronic Arts, which had about 13,700 employees as of March 2024. The company in 2024 said it would cut about 5% of its workforce after announcing a similar cut ...
Electronic Arts’ revenue of $1.9 billion in Q2 was flat y-o-y, but its total bookings of $1.8 billion were up 4%, driven by the launch of FC24 and continued growth in Madden NFL and FIFA franchises.
Electronic Arts’ total debt increased from $397 million in 2020 to $1.9 billion in 2023, while its total cash decreased from around $3.8 billion to $2.8 billion over the same period.
Electronic Arts EA 0.19 % increase; green up pointing triangle plans to cut about 5% of its workforce in a restructuring as it looks to reduce its real-estate footprint and modify its portfolio.
Electronic Arts said it is laying off about 5% of its workforce, joining a long list of other companies in videogaming and across tech that have recently announced job cuts. EA, known for such ...