Electronic Arts Sees Acceleration in Digital Growth
Top video game maker Electronic Arts (NASDAQ: EA) delivered a treat to investors when it reported earnings on Halloween. The new release of Madden NFL 18 helped fuel an acceleration in digital bookings (management's new term for digital revenue) which is now 63% of EA's total revenue over the trailing-12-month period.
Some investors didn't like their treat, with the stock down about 5% following the earnings release. But, as Foolish investors, we're focused on how the business is doing knowing that the stock price will take care of itself over the long term. And from that perspective, EA is performing very well.
Screenshot of EA's Star Wars: Battlefront 2. IMAGE SOURCE: EA.COM
Source: Fool.com