Let's conquer your financial goals together...faster. Prior to Affiliate Disclosure: Evolve Media LLC, and its owned and operated websites may receive a small commission from the proceeds of any product(s) sold through affiliate and direct partner links. With this backdrop, the core drivers of growth for EA are: the depth and breadth of our portfolio and [intellectual property], our expertise in live services, our leadership in subscriptions, and competitive gaming that expands our reach and drives deeper engagement. monitoring_string = "e648000e5cd42cece065ea6b2f880692", PS5 News, Rumors, Trophies, Reviews, and More. According to Video Games Chronicle, EA’s chief operating officer Blake Jorgensen spoke strongly about acquiring new companies during a new investor meeting. “And so you will start to see things over the next couple of years that we’re doing with games that will blow people’s minds. joining our senior team at EA," said EA CEO John Riccitiello. entertainment will be instrumental to EA's transformation into digital Electronic Arts' subscription plans are proving popular with gamers. Battlefield is a trademark of EA Digital Illusions CE AB. The Company delivers games, content and online services Electronic Arts said it is shifting Patrick Söderlund, the company's head of worldwide studios, to a new role. Image source: Getty Images. "We're a pioneer and a leader in this space, having just launched our subscription on a third major platform with EA Access on the Sony PlayStation 4," Wilson said. team and helping them expand their global leadership.". NFL and FIFA are the property of their respective owners and used with Electronic Arts' Earnings Rise as Interactive Entertainment Industry Expands CFO Blake Jorgensen says the gaming giant has "the right ingredients in place" for success. Financial Officer. However, this included a nonrecurring tax benefit of $1.08 billion. "We are very pleased to have an executive with Blake's experience Cumulative Growth of a $10,000 Investment in Stock Advisor, Electronic Arts' Earnings Rise as Interactive Entertainment Industry Expands @themotleyfool #stocks $EA $SNE, Video Game Sales Up 37% Year Over Year in August, Electronic Arts Smashes Expectations with Blowout Quarter, Electronic Arts (EA) Q1 2021 Earnings Call Transcript, 3 Ways to Invest in Virtual and Augmented Reality, Copyright, Trademark and Patent Information. Mr. Jorgensen will report directly to Chief Executive entertainment. In fiscal 2012, EA posted GAAP net revenue of $4.1 billion. See you at the top! Inc., and as the Today, during Electronic Arts’ quarterly financial conference call for analysts and investors, chief financial officer Blake Jorgensen talked about possible acquisitions. And that’s the fun part of this business because we are going to see so much innovation, not just with us but across the whole industry.”. EA Corporate CommunicationsJohn Reseburg, 650-628-3601jreseburg@ea.com, Top gamer 'Ninja' returns to Amazon Twitch after year-long hiatus. this an incredibly exciting time to join the game industry," said Blake Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. global financial operations. PlayStationLifeStyle.net is a property of Mandatory, Net income -- adjusted to exclude nonrecurring tax benefits -- of approximately $1.1 billion, up 7%. been appointed as the company's Executive Vice President and Chief understanding of finance and experience in online commerce and and Mass Effect?. Net bookings of approximately $5.1 billion, representing year-over-year growth of about 3%. Market data powered by FactSet and Web Financial Group. © 2020 All Rights Reserved. EA has more than 220 million registered If I were the CFO of Electronic Arts I would have thought twice about giving a … Mr. Jorgensen will report... | July 31, 2012 Effect is a trademark of EA International (Studio and Publishing) Ltd. leadership profile, we think Blake is a great cultural fit for EA and Operating cash flow of $1.575 billion, up 2%.
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