MOBILE SHIFT: EA's digital business, which includes software distributed through the Internet, now accounts for more than half of the company's revenue and will continue to grow, chief financial officer Blake Jorgensen told Reuters.
Videogame publisher Electronic Arts Inc, known for titles such as FIFA and Madden NFL, posted better-than-expected quarterly earnings and revenue on May 5, helped by strong digital sales and the release of Battlefield Hardline.
EA, whose shares rose as much as 6.5% to US$62.98 (RM224) in extended trading, also announced a buyback programme of up to US$1bil (RM3.56bil) and forecast full-year earnings above analyst estimates.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
