This article is a follow-up to Electronic Arts Earnings Report Q4 2013: Damage Control
EA share value jumped from $18.4 to $21.5 after revealing its earnings report on May 7, the multi-year deal with Disney to develop star wars games for a “core gaming audience” and the extension of the EA-FIFA licensing agreement spurred the bullish frenzy.
The FIFA titles have become one of the most profitable franchises in the company’s history, on its earnings report EA announced that FIFA 13 reached 14 million copies sold and last month it was revealed that FIFA 14 will be coming for Xbox360, PlayStation 3, and PC.
“EA Sports released the first FIFA-branded soccer game in 1993, and 20 years later our partnership with FIFA continues to be very strong,” said EA Sports boss Andrew Wilson.
“With world-class games, a rapidly growing digital business, and top-notch creative talent, we are excited about EA’s strategy for FY 2014 and beyond.” – EA CEO Larry Probst
This good news comes in handy after several problems over the last few months, fortunately the future partnerships are prompting a wave of positivism across the market. It looks like the worst part is already over and despite its bad reputation among gamers EA seems to be doing just fine.
(source: Yahoo finance)
