What to Watch When Electronic Arts Reports Earnings
Electronic Arts (NASDAQ: EA) will report its fiscal first-quarter earnings on July 27, and the keys to a good quarter will be the performance of key games, particularly FIFA 17 and Battlefield 1, as well as growth in live services such as Ultimate Team.
For fiscal 2017 ending in March, EA expanded gross margin to 73.2% as more gamers continued to purchase content digitally instead of buying game discs. Management expects gross margin to reach 74.9% in fiscal 2018 with packaged goods revenue expected to decline 10% year over year, while sales of full game downloads are expected to grow 10% to 15%.
FIFA 18 releases September 29, 2017. IMAGE SOURCE: ELECTRONIC ARTS.
Source: Fool.com
Electronic Arts Inc. Stock
€131.66
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