Electronic Arts is planning to close BioWare, the developer of the "Mass Effect" series of games, and lay off employees to focus on more lucrative projects, the company said on Wednesday in an email to employees.
Here are some details:
EA said it would cancel an early-stage "Mass Effect" project and close BioWare's studio in Edmonton, Canada, marking the end of the developer known for role-playing game franchises such as "Dragon Age"
EA is planning to cut around 400 jobs, about 3% of its total staff, including roughly 50 at BioWare, Bloomberg News reported on Wednesday, citing a person familiar with the company’s plans
The videogame publisher said it would concentrate on fewer large-scale action-adventure games, while continuing development of "Marvel's Iron Man" and the next "Star Wars Jedi" game
EA also said it was restructuring the team behind skateboarding simulation "skate." into a smaller, more focused studio
The company said it would help affected employees explore other opportunities within EA
EA was taken private in a $55 billion deal led by Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners, which closed in August
On September 30, 2026, we conducted a DCF analysis for Electronic Arts Inc EA, a company that has shown modest price performance over the past year, with a 22.8% increase. The current price of EA stands at $209.70, and the market capitalization is approximately $52.93 billion.
DCF Earnings-based intrinsic value indicates a significant overvaluation with a margin of safety of -358.7%. DCF Free Cash Flow-based intrinsic value suggests a similar conclusion, with a valuation of $106.19, reflecting a -97.5% margin of safety. GF Score™ of 70/100 indicates a moderate reliability of the DCF inputs, but the low predictability rank of 2/5 stars suggests caution in relying solely on DCF results. What Is EA Worth? DCF Earnings-Based Model The DCF earnings-based model for EA employs a two-stage approach to estimate intrinsic value. The first stage considers a growth phase lasting ten years, where earnings per share (EPS) is projected to grow at a rate of 1.2% annually. The second stage reflects a terminal phase with a growth rate of 4% over the subsequent ten years. The discount rate applied is 12%, which combines the risk-free rate and equity risk premium.
Parameter Value Current EPS (TTM, excl. non-recurring) $4.27 10-Year Growth Rate 1.2% 10-Year Treasury Rate 5.22% Discount Rate (ceil(Treasury) + 6%) 12% Terminal Growth Rate 4% The calculation summary for the two-stage model is as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 1.2%, discounted at 12% $32.35 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 12% $13.37 Intrinsic Value Growth + Terminal $45.72 Comparing the current price of $209.70 with the intrinsic value of $45.72 indicates that EA is significantly overvalued, with a margin of safety of -358.7%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research shows stock prices correlate more closely with earnings than with free cash flow. For further details, you can access the EA DCF Calculator.
What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for EA is calculated at $106.19. This value aligns with the earnings-based DCF model, both indicating that EA is significantly overvalued, with a margin of safety of -97.5%. The agreement between these two models reinforces the conclusion drawn from the earnings DCF analysis.
How Does GF Value™ Compare to the DCF Models? According to GuruFocus, the GF Value™ for EA is $169.26, providing a third perspective on the valuation. GF Value™ is a proprietary measure that takes into account historical trading multiples, past business growth, and future performance estimates. All three valuation models—DCF earnings, DCF FCF, and GF Value™—agree on the overvaluation of EA, reinforcing the caution investors should exercise.
For more information, visit the GF Value™ page.
What Does EA's GF Score™ Tell Us? The GF Score™ evaluates a company's financial strength, profitability, growth potential, valuation, and momentum. EA's GF Score™ of 70/100 suggests a solid financial standing, but the predictability rank of 2/5 stars indicates that the DCF model may be less reliable for this stock. Below is a summary of EA's scores:
Metric Rating GF Score™ 70/100 Financial Strength 8/10 Profitability 9/10 Growth 8/10 Valuation 5/10 Momentum 0/10 For more details, visit the EA stock page.
Key Assumptions and Limitations It is crucial to understand that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as EA's 2/5 stars, yield less reliable DCF estimates. The terminal growth rate of 4% used in this analysis is a simplifying assumption and may not reflect actual future performance.
What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—the consensus is clear: EA is significantly overvalued. The guru ownership signal, with 11 gurus holding the stock and 6 adding positions while 4 trimmed their holdings, adds a layer of complexity to the valuation narrative. Additionally, insider activity shows that insiders have sold $44.2 million worth of shares over the past 12 months, which may indicate a lack of confidence in the stock's future performance. Investors should approach EA with caution and consider the insights provided by the EA DCF Calculator for further analysis.
Frequently Asked Questions What is EA's intrinsic value based on DCF?
According to the DCF analysis, the earnings-based intrinsic value is $45.72, while the FCF-based intrinsic value is $106.19.
Is EA overvalued or undervalued?
Both the DCF models and GF Value™ consensus indicate that EA is significantly overvalued.
How reliable is the DCF model for EA?
The predictability rank of 2/5 suggests that the DCF model may be less reliable for EA.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
EA SPORTS FC™ welcomes fans to The World’s Game with the launch of EA SPORTS FC™ 27, inviting players to step into The Grounds for the very first time
REDWOOD CITY, Calif.--(BUSINESS WIRE)--EA SPORTS FC™ 27 is available worldwide today, giving football fans everywhere more ways to play, compete, and connect through The World’s Game. Welcoming players to The Grounds*, a new social football playground where fans can live out their street to stadium football fantasy, EA SPORTS FC™ 27 introduces more accessible experiences for first-time players and meaningful gameplay and mode updates for returning fans, based on feedback from the FC community.
EA SPORTS FC™ 27 launches alongside the EA SPORTS FC™ Mobile 27 Season Update and Anniversary Event, for fans to enjoy EA SPORTS FC™ wherever they play. Plus, EA SPORTS FC™ 27 Lite offers a free-to-download** streamlined introduction to The World’s Game, featuring a curated selection of content and modes from the full EA SPORTS FC™ 27 experience for fans to try.
WATCH THE FC 27 LAUNCH TRAILER NOW
“FC 27 is the biggest football experience we’ve ever delivered, with more ways for every fan to find their place in The World’s Game,” said Nick Wlodyka, SVP and Group GM, EA SPORTS FC. “At the heart of that is The Grounds, one of our biggest mode innovations in years, introducing a new social football playground where players can compete, connect, and express themselves on and off the pitch. Alongside meaningful updates across Football Ultimate Team, Career Mode, and gameplay, FC 27 has been shaped by our community. We’re incredibly proud of what our teams have built, and we can’t wait to see how fans around the world make FC 27 their own.”
EA SPORTS FC™ 27 DEEP DIVES: THE GROUNDS | CAREER | FUT™ | GAMEPLAY | AUTHENTICITY
The Grounds: Step into The Grounds*, a social football playground where the streets meet the stadium. From Kickabouts and 1v1s to teaming up with friends in Clubs, connect with renowned football mentors, improve your abilities, and express yourself on and off the pitch.
Career Mode: A rebuilt Transfer Market introduces active club bidding and realistic player values enhanced by TransferRoom. Master new negotiation tactics, including performance and buy-back clauses, as Dynamic OVRs reflect player form, morale, and fitness across every club. Plus, build, play, and share custom scenarios through a standalone web portal, and discover community-made and curated Manager Live Creator Challenges throughout the new season.
Football Ultimate Team™: Immortalise your dream club in the brand-new FUT Gallery, curating Sets of past and present Player Items to grow your Gallery Level, earn rewards, and build your Club’s identity throughout the new season. Discover Holographic variants and Hall of FUT™ Player Items, exchange Items with ease in streamlined SBCs, and take on new Single Player Live Events.
Gameplay: Feel greater control in every game mode with more fluid, true-to-life gameplay, featuring dynamic corners, enhanced attacking awareness, player-focused defending tailored for competitive play, and more community-driven innovations.
EA SPORTS FC™ 27 continues to be the most authentic simulation football experience worldwide, bringing football fans closer to their favourite leagues, clubs, and players with unrivalled authenticity, featuring 21,000+ players from 800+ clubs and national teams, competing in 140 stadiums and 35+ leagues, all powered by the support of more than 300+ global football partners.
EA SPORTS FC™ 27 LITE
For fans looking to step onto the pitch for the first time, EA SPORTS FC™ 27 Lite offers a free-to-download** streamlined introduction to The World’s Game, featuring a curated selection of content and modes from the full EA SPORTS FC™ 27 experience. Whether playing for the first time, sharpening skills, or challenging players online, FC 27 Lite is the most accessible way for fans to start their EA SPORTS FC™ 27 journey, with access to modes limited to Kick-Off, Learn to Play, Online Friendlies, and Online Seasons.
Players can upgrade to the full EA SPORTS FC™ 27 experience at any time, available on PlayStation®4, PlayStation®5, Xbox Series X|S, Xbox One, EA app, Steam and Epic Games Store.
STREAM THE FC 27 SOUNDTRACK ON SPOTIFY
Featuring 120 tracks from 36 nations, the EA SPORTS FC™ 27 Soundtrack builds on more than 20 years of music discovery, bringing together global artists, emerging talent, and unreleased music to The World's Game. Listen to the EA SPORTS FC™ 27 Soundtrack on Spotify today.
PLAY EA SPORTS FC™ 27 TODAY
EA SPORTS FC™ 27 is available now on PlayStation®5, PlayStation®4, Xbox Series X|S, Xbox One, PC, Nintendo Switch, and Nintendo Switch 2.
EA Play*** members receive access to a 10-hour trial of EA SPORTS FC™ 27. With trial progress carrying over to the full game, members can keep the season going right where they left off. Plus, EA Play members receive 10% off EA digital purchases, including the full game, FC Points and more.
For more information on EA SPORTS FC™ 27, please visit ea.com/fc27 and ensure you’re following our global social channels for all the latest upcoming news and announcements for EA SPORTS FC™.
Learn more about how players can provide feedback directly to our development teams in the FC Feedback Hub.
*The Grounds mode, including Clubs, is available only on PlayStation 5, Xbox Series X|S, PC and Nintendo Switch 2 versions.
**Requires persistent internet connection & EA Account. Available modes, features, and content aren’t available at all times and in all territories and are subject to change in FC 27 Lite. Available modes at launch: Kick-off, Learn to Play, Online Friendlies, Online Seasons.
***Conditions, limitations and exclusions apply. See EA Play Terms for details.
PRESS ASSETS ARE AVAILABLE AT EAPressPortal.com
About Electronic Arts
Electronic Arts is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.
Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL and EA SPORTS™ College Football. More information about EA is available at www.ea.com/news.
On September 16, 2026, we conducted a DCF analysis for Electronic Arts Inc EA, a company that has shown a price performance of +25.6% over the past year, despite a slight decline of -0.1% in the last week. The current price stands at $209.70, which raises questions about its valuation based on our models.
DCF Earnings-based intrinsic value: $49.06 vs current price $209.70 (margin of safety: -327.4%) DCF FCF-based intrinsic value: $104.34 vs current price (second opinion) GF Score™ of 68/100 suggests moderate reliability of the DCF inputs What Is EA Worth? DCF Earnings-Based Model To determine the intrinsic value of EA, we used a two-stage DCF model. The first stage considers a growth phase where earnings per share (EPS) is expected to grow at a rate of 2.3% annually for the next 10 years, discounted at a rate of 11%. The second stage reflects a terminal growth rate of 4% for the following 10 years, also discounted at 11%. Below are the key assumptions and calculations:
Parameter Value Current EPS (TTM, excl. non-recurring) $4.27 10-Year Growth Rate 2.3% 10-Year Treasury Rate 4.99% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% Here’s a summary of the DCF calculation:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 2.3%, discounted at 11% $33.16 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $15.90 Intrinsic Value Growth + Terminal $49.06 With the current price at $209.70 compared to the intrinsic value of $49.06, EA appears significantly overvalued, with a margin of safety of -327.4%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For further analysis, you can check the EA DCF Calculator.
What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for EA is calculated at $104.34. When comparing this with the earnings-based intrinsic value of $49.06, both models agree on the valuation being significantly overvalued, with a margin of safety of -101.0%. This reinforces the conclusion drawn from the earnings DCF analysis.
How Does GF Value™ Compare to the DCF Models? According to GuruFocus, the GF Value™ for EA is $167.63, providing a third perspective on the company's valuation. GF Value™ is derived from historical trading multiples, past business growth, and future performance estimates. All three models—DCF earnings, DCF FCF, and GF Value™—indicate that EA is overvalued at its current price. For more details, visit the GF Value™ page.
What Does EA's GF Score™ Tell Us? The GF Score™ evaluates a company's financial strength, profitability, growth potential, valuation, and momentum. EA's score of 68 out of 100 suggests a moderate level of reliability for the DCF inputs, but with a predictability rank of only 2 out of 5 stars, the DCF model's reliability is lower. Below is a summary of EA's GF Score™ metrics:
Metric Rating GF Score™ 68/100 Financial Strength 8/10 Profitability 9/10 Growth 8/10 Valuation 5/10 Momentum 0/10 For more information, you can visit the EA stock page.
Key Assumptions and Limitations It is essential to recognize that DCF models are highly sensitive to the assumptions made regarding growth and discount rates. Stocks with low predictability ratings, such as EA, yield less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future performance.
What This Means for Investors In conclusion, all three valuation models—DCF earnings, DCF FCF, and GF Value™—consistently indicate that Electronic Arts Inc is significantly overvalued at its current price of $209.70. The guru ownership signal shows that 11 gurus currently hold the stock, with 6 adding and 4 trimming their positions in recent quarters, while insiders have sold a total of $45.5 million over the past year. This insider selling could suggest caution among those closest to the company. For a deeper dive into the valuation, check out the EA DCF Calculator.
Frequently Asked Questions What is EA's intrinsic value based on DCF?
According to our analysis, the earnings-based intrinsic value is $49.06, while the FCF-based intrinsic value is $104.34.
Is EA overvalued or undervalued?
Both the DCF and GF Value™ models indicate that EA is overvalued at its current price.
How reliable is the DCF model for EA?
The predictability rank of 2 out of 5 stars suggests that the DCF model is less reliable for EA.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today launches EA SPORTS™ NHL® 27 worldwide on PlayStation®5 and Xbox Series X|S, giving fans the chance to prepare for the coming 2026-27 NHL® regular season with all-new levels of realism. NHL 27 brings all 32 arenas to life with authentic team atmospheres, presentation that reflects each team's identity, an overhauled broadcast package and a new commentary duo featuring John Buccigross and Darren Pang. Combined with the long request.
Saudi Arabia's wealth fund is considering merging Electronic Arts with Savvy Games to create a gaming giant, Bloomberg News reported on Thursday, citing people familiar with the matter.
The merger of the two companies, both controlled by the Public Investment Fund, would create a gaming behemoth spanning franchises, including EA Sports FC, Battlefield and The Sims, and Savvy-owned mobile hits such as Monopoly Go! and Pokemon GO.
PIF had acquired EA through a consortium for roughly $55 billion last month and taken the videogame publisher private.
A final decision on the two companies' merger has not been reached and a deal is unlikely to happen until Savvy completes its $6-billion acquisition of Chinese mobile gaming business Moonton, the report added.
Electronic Arts and Savvy Games did not immediately respond to requests for comment, while Saudi PIF declined to comment.
Any combination, however, could face antitrust scrutiny as regulators have taken a close look at large gaming-sector transactions in recent years, including Microsoft's (MSFT.O) acquisition of Activision Blizzard.
The deliberations come as the gaming industry grapples with a post-pandemic slowdown, cost cuts and layoffs, while companies pursue scale and durable recurring revenue.
Savvy's CEO Brian Ward stepped down last week after overseeing the Saudi-backed group's global investment and acquisition push.
Arizona State Retirement System trimmed its position in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,497 shares of the game software company’s stock after selling 2,601 shares during the period. Arizona State Retirement System’s holdings in Electronic Arts were worth $12,814,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. boosted its position in shares of Electronic Arts by 12.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock worth $22,185,000 after purchasing an additional 12,095 shares in the last quarter. Swiss National Bank increased its holdings in shares of Electronic Arts by 8.0% in the 1st quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock valued at $143,606,000 after purchasing an additional 51,900 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at about $2,043,000. Norges Bank purchased a new stake in Electronic Arts during the fourth quarter worth about $643,674,000. Finally, Geode Capital Management LLC grew its position in Electronic Arts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after buying an additional 143,195 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In A number of brokerages have issued reports on EA. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $206.50.
Read Our Latest Report on EA Insider Activity at Electronic Arts In related news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the sale, the insider owned 73,513 shares in the company, valued at approximately $14,930,490.30. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 8,700 shares of company stock valued at $1,766,950. Company insiders own 0.24% of the company’s stock.
Electronic Arts Price Performance Shares of NASDAQ:EA opened at $209.70 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a 52-week low of $159.10 and a 52-week high of $210.20. The stock’s fifty day simple moving average is $208.79 and its 200-day simple moving average is $204.42.
Electronic Arts (NASDAQ:EA – Get Free Report) last announced its earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. The firm had revenue of $1.99 billion during the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%.
Electronic Arts Company Profile (Free Report)
Electronic Arts Inc (NASDAQ:EA) is a global developer and publisher of interactive entertainment. The company creates and distributes games for consoles, personal computers, mobile devices and online platforms, with business activities spanning full-game sales, downloadable content, subscriptions and live services.
Electronic Arts’ portfolio includes sports franchises such as EA Sports FC, Madden NFL, College Football, NHL and UFC, as well as entertainment and action titles including The Sims, Battlefield, Apex Legends, Need for Speed and Plants vs.
Recommended Stories Five stocks we like better than Electronic Arts Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA – Free Report).
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. and Hazelight Studios, in partnership with Turn Me Up Games, announced today during the Nintendo Direct, It Takes Two, winner of over 90 awards including The Game Awards and DICE's Game of the Year, will launch on the Nintendo SwitchTM 2 on October 15***. The Nintendo Switch 2 version introduces a new way for players to enjoy the game together, regardless of platform or if they own the game, with the free Friend's Pass. Additionally, p.
Allianz Asset Management GmbH decreased its holdings in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 228,915 shares of the game software company’s stock after selling 3,718 shares during the quarter. Allianz Asset Management GmbH owned 0.09% of Electronic Arts worth $46,937,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $25,000. Ascentis Independent Advisors bought a new position in shares of Electronic Arts during the 1st quarter worth approximately $27,000. Torren Management LLC lifted its position in shares of Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after buying an additional 94 shares during the period. MV Capital Management Inc. acquired a new stake in Electronic Arts in the 4th quarter valued at $28,000. Finally, Meeder Asset Management Inc. bought a new stake in Electronic Arts in the second quarter valued at $31,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.
Electronic Arts Price Performance Shares of NASDAQ EA opened at $209.70 on Tuesday. The firm’s 50-day simple moving average is $208.61 and its 200 day simple moving average is $204.29. The company has a market cap of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20.
Electronic Arts (NASDAQ:EA – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The firm had revenue of $1.99 billion during the quarter. Wall Street Analyst Weigh In Several research firms have issued reports on EA. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research lowered shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $206.50.
Get Our Latest Report on Electronic Arts
Insider Activity at Electronic Arts In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the transaction, the chief executive officer owned 80,974 shares in the company, valued at $16,447,438.88. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the transaction, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,700 shares of company stock valued at $1,766,950 over the last quarter. Corporate insiders own 0.24% of the company’s stock.
Electronic Arts Profile (Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
See Also Five stocks we like better than Electronic Arts 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA – Free Report).
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today, Electronic Arts announced an expanded roster of leagues, clubs, partners and stadiums coming to EA SPORTS FC 27, bringing players closer to the football they love through one of the most authentic representations of The World's Game. Additions include new and renewed partnerships with a number of major European clubs, the highly anticipated return of Liga MX, and the continuation of EA SPORTS FC's long-term relationship with the Bundesliga, the ROSH.
Electronic Arts (NASDAQ:EA – Get Free Report) and Atlanta Braves (NASDAQ:BATRA – Get Free Report) are both communication services companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, valuation, dividends, profitability, institutional ownership, risk and analyst recommendations.
Analyst Recommendations This is a summary of recent ratings and recommmendations for Electronic Arts and Atlanta Braves, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Electronic Arts 2 13 1 0 1.94 Atlanta Braves 1 1 0 0 1.50 Electronic Arts currently has a consensus price target of $206.50, indicating a potential downside of 1.53%. Given Electronic Arts’ stronger consensus rating and higher probable upside, analysts clearly believe Electronic Arts is more favorable than Atlanta Braves.
Profitability This table compares Electronic Arts and Atlanta Braves’ net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Electronic Arts 13.80% 22.45% 11.48% Atlanta Braves -8.56% -7.45% -2.41% Volatility & Risk Electronic Arts has a beta of 0.64, suggesting that its stock price is 36% less volatile than the S&P 500. Comparatively, Atlanta Braves has a beta of 0.64, suggesting that its stock price is 36% less volatile than the S&P 500.
Valuation & Earnings This table compares Electronic Arts and Atlanta Braves”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Electronic Arts $7.53 billion 7.03 $887.00 million $3.49 60.09 Atlanta Braves $732.49 million 4.79 -$23.37 million ($1.01) -55.17 Electronic Arts has higher revenue and earnings than Atlanta Braves. Atlanta Braves is trading at a lower price-to-earnings ratio than Electronic Arts, indicating that it is currently the more affordable of the two stocks.
Insider & Institutional Ownership 90.2% of Electronic Arts shares are held by institutional investors. Comparatively, 12.3% of Atlanta Braves shares are held by institutional investors. 0.2% of Electronic Arts shares are held by company insiders. Comparatively, 5.4% of Atlanta Braves shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Summary Electronic Arts beats Atlanta Braves on 12 of the 13 factors compared between the two stocks.
(Get Free Report)
Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands. The company licenses its games to third parties to distribute and host its games. It markets and sells its games and services through digital distribution and retail channels, as well as directly to mass market retailers, specialty stores, and distribution arrangements. Electronic Arts Inc. was incorporated in 1982 and is headquartered in Redwood City, California.
About Atlanta Braves (Get Free Report)
Atlanta Braves Holdings, Inc. owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
On August 26, 2026, we conducted a discounted cash flow (DCF) analysis for Electronic Arts Inc EA, a company that has shown a price performance of +25.6% over the past year. Despite this positive trend, our analysis indicates that EA is significantly overvalued based on multiple valuation models. Here are the key findings:
DCF Earnings-based intrinsic value of $49.06 vs current price of $209.70 (margin of safety: -327.4%) DCF Free Cash Flow (FCF)-based intrinsic value of $104.34 (second opinion) GF Score™ of 90/100, indicating high reliability of the DCF inputs What Is EA Worth? DCF Earnings-Based Model To determine EA's intrinsic value, we utilized a two-stage DCF model. The first stage accounts for growth over the next ten years, while the second stage considers a terminal growth rate. Below are the assumptions used in our model:
Parameter Value Current EPS (TTM, excl. non-recurring) $4.25 10-Year Growth Rate 2.3% 10-Year Treasury Rate 4.64% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The growth phase assumes an annual EPS growth of 2.3% for the first ten years, discounted at a rate of 11%. The terminal phase reflects a slower growth rate of 4% for the subsequent ten years. Below is the summary of the calculations:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 2.3%, discounted at 11% $33.16 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $15.90 Intrinsic Value Growth + Terminal $49.06 With a current price of $209.70, the intrinsic value of $49.06 indicates that EA is significantly overvalued, resulting in a margin of safety of -327.4%. It is important to note that GuruFocus utilizes EPS excluding non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For more detailed calculations, you can visit the EA DCF Calculator.
What Does the Free Cash Flow DCF Say? In addition to the earnings-based DCF analysis, we also examined the free cash flow (FCF) model, which yielded an intrinsic value of $104.34. This value further corroborates the earnings-based DCF findings, reinforcing the conclusion that EA is significantly overvalued, with a margin of safety of -101.0%.
How Does GF Value™ Compare to the DCF Models? According to GuruFocus, the GF Value™ for EA is $167.10, providing yet another perspective on the company's valuation. GF Value™ is a proprietary measure that combines historical trading multiples, past business growth, and future performance estimates. All three models—DCF earnings, DCF FCF, and GF Value™—indicate that EA is overvalued, suggesting a consensus on the current valuation status. For further insights, you can check the GF Value™.
What Does EA's GF Score™ Tell Us? The GF Score™ evaluates a company's financial strength, profitability, growth potential, valuation, and momentum. EA's GF Score™ of 90/100 indicates strong fundamentals, but the low predictability rank of 2/5 stars suggests that the DCF model may be less reliable for this stock. Below is a summary of EA's GF Score™ metrics:
Metric Rating GF Score™ 90/100 Financial Strength 8/10 Profitability 9/10 Growth 8/10 Valuation 5/10 Momentum 9/10 For more details on EA's financial metrics, visit the EA stock page.
Key Assumptions and Limitations It is crucial to acknowledge that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with lower predictability ratings, such as EA, tend to produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not fully capture future market conditions.
What This Means for Investors In conclusion, the consensus across the DCF earnings model, DCF FCF model, and GF Value™ indicates that Electronic Arts Inc is significantly overvalued at its current price of $209.70. The guru ownership signal is also noteworthy, with 12 gurus currently holding the stock, where 6 have added to their positions and 5 have trimmed their holdings in recent quarters. Furthermore, insider activity shows that insiders have sold $46.1M worth of shares over the past 12 months, which may raise concerns about the company's future prospects. Overall, potential investors should exercise caution and consider these insights when evaluating EA's stock. For a deeper dive into the DCF analysis, you can explore the EA DCF Calculator.
Frequently Asked Questions What is EA's intrinsic value based on DCF?
According to our analysis, the earnings-based intrinsic value is $49.06, while the FCF-based intrinsic value is $104.34.
Is EA overvalued or undervalued?
Both the DCF and GF Value™ models indicate that EA is overvalued at its current price.
How reliable is the DCF model for EA?
The predictability rank for EA is 2/5, suggesting that the DCF model may be less reliable for this stock.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
A major government-backed operation has cleared more than 22,000 tonnes of illegally dumped waste from a site in Oxfordshire, the Environment Agency (EA) has said.
Allworth Financial LP bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,496 shares of the game software company’s stock, valued at approximately $512,000.
A number of other institutional investors have also made changes to their positions in EA. Vanguard Group Inc. raised its stake in shares of Electronic Arts by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after acquiring an additional 485,030 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Electronic Arts in the second quarter valued at approximately $5,125,838,000. Pentwater Capital Management LP increased its holdings in shares of Electronic Arts by 128.1% in the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after purchasing an additional 6,150,000 shares in the last quarter. Geode Capital Management LLC raised its position in Electronic Arts by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after purchasing an additional 143,195 shares during the last quarter. Finally, Invesco Ltd. raised its position in Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after purchasing an additional 202,657 shares during the last quarter. 90.23% of the stock is owned by institutional investors.
Insiders Place Their Bets In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the sale, the insider directly owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the sale, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,700 shares of company stock worth $1,766,950 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth A number of brokerages have commented on EA. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Citigroup upped their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Reduce” and an average price target of $206.50. View Our Latest Analysis on Electronic Arts
Electronic Arts Price Performance Shares of NASDAQ:EA opened at $209.70 on Monday. The company has a 50 day moving average price of $207.27 and a two-hundred day moving average price of $203.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a 52 week low of $159.10 and a 52 week high of $210.20.
Electronic Arts (NASDAQ:EA – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The company had revenue of $1.99 billion for the quarter.
Electronic Arts Profile (Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
Featured Articles Five stocks we like better than Electronic Arts VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA – Free Report).
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
Bank of Nova Scotia acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 137,420 shares of the game software company’s stock, valued at approximately $28,177,000. Bank of Nova Scotia owned approximately 0.05% of Electronic Arts as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares in the last quarter. Empowered Funds LLC raised its holdings in Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after buying an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after buying an additional 190 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Electronic Arts in the second quarter worth about $2,323,000. Finally, NewEdge Advisors LLC lifted its position in shares of Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after buying an additional 1,505 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.
Insider Activity at Electronic Arts In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the sale, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,700 shares of company stock worth $1,766,950 in the last ninety days. 0.24% of the stock is currently owned by insiders.
Electronic Arts Price Performance Shares of NASDAQ:EA opened at $209.70 on Monday. The company has a market cap of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The business has a 50 day moving average price of $207.27 and a 200 day moving average price of $203.56. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. Electronic Arts Inc. has a twelve month low of $159.10 and a twelve month high of $210.20. Electronic Arts (NASDAQ:EA – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.The company had revenue of $1.99 billion for the quarter.
Wall Street Analyst Weigh In EA has been the subject of a number of recent analyst reports. Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Citigroup raised their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $206.50.
Read Our Latest Stock Analysis on Electronic Arts
Electronic Arts Profile (Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
Further Reading Five stocks we like better than Electronic Arts VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA – Free Report).
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
Callan Family Office LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,517 shares of the game software company’s stock, valued at approximately $2,362,000.
Several other hedge funds have also recently added to or reduced their stakes in EA. Ascentis Independent Advisors acquired a new position in shares of Electronic Arts in the 1st quarter worth $27,000. Torren Management LLC raised its position in shares of Electronic Arts by 235.0% during the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after purchasing an additional 94 shares during the period. MV Capital Management Inc. purchased a new stake in shares of Electronic Arts during the fourth quarter valued at $28,000. Meeder Asset Management Inc. purchased a new stake in shares of Electronic Arts during the second quarter valued at $31,000. Finally, Asset Planning Inc acquired a new position in shares of Electronic Arts in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 90.23% of the company’s stock.
Insider Activity at Electronic Arts In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the transaction, the insider owned 73,513 shares in the company, valued at $14,930,490.30. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the transaction, the insider directly owned 26,360 shares in the company, valued at approximately $5,351,080. This represents a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 8,700 shares of company stock valued at $1,766,950. Corporate insiders own 0.24% of the company’s stock.
Electronic Arts Stock Performance Electronic Arts stock opened at $209.70 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a one year low of $159.10 and a one year high of $210.20. The company’s fifty day moving average price is $207.27 and its two-hundred day moving average price is $203.56. Electronic Arts (NASDAQ:EA – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. The company had revenue of $1.99 billion during the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.
Analyst Ratings Changes A number of equities analysts recently weighed in on EA shares. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Citigroup boosted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $206.50.
Check Out Our Latest Stock Analysis on Electronic Arts
Electronic Arts Company Profile (Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
See Also Five stocks we like better than Electronic Arts 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
Empowered Funds LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ: EA) by 150.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,060 shares of the game software company's stock after buying an additional 23,495 shares during the period. Empowered Funds
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today launched EA SPORTS™ Madden NFL 27 worldwide on PlayStation®5, Xbox Series X|S, Nintendo Switch™ 2, PC, mobile and, for the first time, Apple Arcade. It's Your League, and this year, every decision has more weight, every season feels more alive, and every moment on the field is more earned than ever before. Every NFL season creates new heroes, unexpected storylines and franchise-defining moments. Madden NFL 27 was built to capture.
On August 12, 2026, we conducted a DCF analysis for Electronic Arts Inc (EA), which has shown a price performance of +25.6% over the past year, reflecting a pos
EA and Full Sail Continue Strategic Partnership Highlighting Real-World Education in Action
, /PRNewswire/ -- EA and Full Sail University are proud to announce the return of the highly anticipated EA SPORTS Madden NFL 27 Championship Series (MCS) to the Full Sail University campus. Beginning in September, MCS 27 will broadcast live from the Full Sail University Orlando Health Fortress culminating in EA's flagship championship event, Madden Bowl 27, set to take place for the first time on the university's campus at Full Sail Live in February 2027.
EA Brings Madden Bowl to Full Sail University as Madden NFL 27 Championship Series Returns to the University’s Campus for Third Consecutive Year Building on the success of the past two seasons, Full Sail has become a premier destination for competitive gaming's most celebrated events, bringing together the world's best Madden players, and passionate fans, while showcasing Full Sail's students and alumni esports production talent pipeline. Students within Full Sail's entertainment and media degree programs will once again participate in live event production, broadcast operations, and content creation. And one hundred Full Sail graduates will be hired into key production roles this season supporting the Madden Championship Series.
"We're delighted to partner with Full Sail University for the third year, further establishing Orlando as the home of Madden NFL esports," said Monica Dinsmore, Head of Esports at EA. "The technical capabilities of their facilities are unmatched, and this partnership also provides students with hands-on educational opportunities. Together, we're helping foster the next generation of talent while continuing to create unforgettable moments through our competition."
For the first time, talent from within the Full Sail University Dan Patrick School of Sportscasting will be hired to join EA's on-air talent at the live main broadcast desk for the duration of the season. Additional Sportscasting students will again participate in shout casting the B-Stream live broadcasts. EA will also continue its support of Full Sail students through scholarship contributions and expanded experiential learning opportunities.
"Hosting Madden Bowl 27 alongside the Madden NFL 27 Championship Series on our campus is a defining moment for our students, graduates, and our Full Sail University community at large," said John P. Saboor, Executive Director, Head of Partnerships at Full Sail University. "To again be selected as the home of one of esports' most prestigious championship series coupled with hosting their flagship championship event, speaks to the year over year growth and strength of our partnership with EA. We look forward to what this moment in time represents for our students and graduates to again work alongside one of the world's most successful brands to bring this celebration to life and learn the art of the possible through innovation and production excellence."
With a revamped format, this year's MCS introduces a 'two-track' qualification path, combining a new elite eight-player MCS Pro League with a series of Open Qualifiers that make earning a place at the Madden Bowl more accessible than ever.
The full MCS 27 calendar includes:
Pro League: Qualifier 22 August – 7 September 2026 Pro League: 15 September – 16 December 2026 Open Qualifier #1: 19 September – 6 October 2026 Open Qualifier #2: 10 October – 11 November 2026 Open Qualifier #3: 21 November – 15 December 2026 Last Chance Qualifier: 19 December 2026 – 10 January 2027 Madden Bowl: 9 –11 February 2027 As Full Sail's state-of-the-art campus once again transforms into the home of championship Madden competition fans can follow every moment of the MCS 27 circuit live via Twitch and YouTube. To remain updated on the latest news from the league follow the official channels on X and Instagram.
Review the MCS Official Rules and head to the Madden Championship website to register for competition and to discover more about the program.
About Full Sail University:
Full Sail University is an award-winning educational leader for those pursuing careers in entertainment media and emerging technologies. Founded in 1979, Full Sail has received numerous accolades throughout its over 45-year history, including most recently being named a 2026 "Top Game Design School" by The Princeton Review. Full Sail University is a graduate and undergraduate degree-granting institution offering on-campus and online degree programs in areas related to Art & Design, Business, Film & Television, Games, Media & Communications, Music & Recording, Sports, and Technology. With over 100,000 graduates worldwide, Full Sail alumni have worked on countless award-winning projects with individual recognition including Oscar®, Emmy®, Grammy®, Addy® and The Game Award honors.
About Electronic Arts
Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.
In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1®. More information about EA is available at www.ea.com/news.
EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.
Media Contact: Casey Tanous, [email protected] or 407-310-2497
On August 05, 2026, we conducted a DCF analysis for Electronic Arts Inc EA , a company that has shown a price performance increase of 31.8% over the past year. This analysis reveals a consensus across multiple valuation models indicating that EA is significantly overvalued. Here are key highlights:
DCF Earnings-based intrinsic value of $40.17 vs current price of $209.70 (margin of safety: -422.0%) DCF Free Cash Flow-based intrinsic value of $117.59, also indicating overvaluation (margin of safety: -78.3%) GF Score™ of 88/100 suggests a strong overall performance, but with a predictability rank of 2/5 stars, indicating lower reliability of the DCF inputs. What Is EA Worth? DCF Earnings-Based Model The DCF earnings-based model incorporates a two-stage growth approach. In the first stage, we project earnings growth over the next ten years at a rate of 2.3%, followed by a terminal growth rate of 4% for the subsequent ten years. The discount rate applied is 11%, derived from the risk-free rate plus an equity risk premium.
Parameter Value Current EPS (TTM, excl. non-recurring) $3.48 10-Year Growth Rate 2.3% 10-Year Treasury Rate 4.62% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The calculation summary for the two-stage model is as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 2.3%, discounted at 11% $27.16 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $13.01 Intrinsic Value Growth + Terminal $40.17 With the current price at $209.70, the intrinsic value of $40.17 indicates that EA is significantly overvalued, with a margin of safety of -422.0%. It is important to note that GuruFocus utilizes EPS excluding non-recurring items, as research shows a stronger correlation between stock prices and earnings than with free cash flow. For further analysis, you can visit the EA DCF Calculator.
What Does the Free Cash Flow DCF Say? The DCF model based on Free Cash Flow (FCF) yields an intrinsic value of $117.59. This figure, while higher than the earnings-based intrinsic value, still supports the conclusion that EA is significantly overvalued, with a margin of safety of -78.3%. Both DCF models align in their assessment of EA's overvaluation.
How Does GF Value™ Compare to the DCF Models? The GF Value™ for EA stands at $161.19, providing a third perspective on valuation. GF Value™ is a proprietary measure from GuruFocus that takes into account historical trading multiples, past business growth, and future performance estimates. All three models—DCF earnings, DCF FCF, and GF Value™—concur that EA is overvalued. For more details, visit the GF Value™ page.
What Does EA's GF Score™ Tell Us? The GF Score™ evaluates a company's overall performance based on various factors, including financial strength, profitability, and growth. EA's score of 88/100 indicates strong performance, but with a predictability rank of 2/5 stars, it suggests that the DCF model may be less reliable for this stock.
Key Assumptions and Limitations The DCF models are highly sensitive to assumptions regarding growth rates and discount rates. Stocks with lower predictability ratings, such as EA's 2/5 stars, tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not reflect future realities.
What This Means for Investors In summary, all three valuation models—DCF earnings, DCF FCF, and GF Value™—indicate that Electronic Arts Inc is significantly overvalued. The consensus suggests caution for potential investors. Additionally, the current guru ownership signal shows that 11 gurus hold the stock, with 7 increasing their positions and 3 trimming them, while insiders have sold a total of $8.7 million in the last three months. This mixed signal from guru activity, combined with insider selling, reinforces the overvaluation perspective. For a deeper dive into the analysis, check out the EA DCF Calculator.
Frequently Asked Questions What is EA's intrinsic value based on DCF?
According to our analysis, the earnings-based intrinsic value is $40.17, while the FCF-based intrinsic value is $117.59.
Is EA overvalued or undervalued?
Both the DCF and GF Value™ models indicate that EA is significantly overvalued.
How reliable is the DCF model for EA?
The predictability rank of 2/5 stars suggests that the DCF model may be less reliable for EA.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
A consortium led by the Public Investment Fund of Saudi Arabia has announced the completion of the $55 billion acquisition of video games maker Electronic Arts.
The deal was also financed by private equity firm Silver Lake and Affinity Partners, which is led by President Donald Trump's son-in-law Jared Kushner.
EA, which confirmed the deal late on Tuesday, said its stock has ceased trading and will be delisted from the Nasdaq. Its shareholders will receive $210 in cash per share.
The deal represents further Saudi expansion into the world of sports and gaming. PIF's head of international investments Turqi Alnowaiser said in a statement that "entertainment and sports are key areas of strategic focus" for the fund.
Analysts have previously highlighted the high level of debt EA is taking on as part of the deal, while questioning the future of its intellectual property.
PIF is reportedly borrowing $20 billion from the deal's advisor JPMorgan to finalize proceedings, which is thought to be the largest leveraged buyout in history.
Analysts told CNBC last year that the debt burden will see EA consolidate around its safest franchises, such as The Sims, Battlefield, and sports titles, rather than experiment with new IPs.
"The debt hanging over their head isn't likely to create a shift in strategy," Michael Futter, F-Squared founder, told CNBC.
"Instead, it will likely see leadership entrench themselves in the titles they think have the largest revenue potential, even if those also carry the largest risk."
"I don't know how EA is going to service this debt without significant layoffs, studio closures, and possibly IP sell-off," he added.
— CNBC's Lim Hui Jie also contributed to this report.
Electronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia’s wealth fund and a group of investors for $55bn (£41bn).
The company announced the completion of the deal on Tuesday evening, only days after the EU gave its approval, the final regulatory green light needed.
EA is best known for its blockbuster sports games including EA Sports FC (previously called Fifa). In what is one of the biggest buyouts on record, EA Games is being taken private, ending its 36-year history as a publicly traded company.
The company has been bought by Saudi Arabia’s PIF along with Affinity Partners, a private equity company run by Donald Trump’s son-in-law Jared Kushner and the private equity firm Silver Lake Partners.
“EA has created stories, characters, and communities that have become part of everyday life for hundreds of millions of people,” Kushner said. “We’re excited to support the company as it continues to reach new audiences, inspire the next generation of creators, and expand the ways people around the world connect through play.”
The Saudi royal family has been investing in video games and esports for some time, alongside sports, media and comedy, while the Saudi crown prince, Mohammed bin Salman, has a reputation for being a gamer.
EA was founded by the former Apple employee William “Trip” Hawkins in 1982. Hawkins began playing analog versions of baseball and football made by Strat-O-Matic as a teenager during the 1960s. The company has been run by its current chief executive, Andrew Wilson, since 2013.
EA’s games still have a dedicated fanbase, although its annual revenues have stagnated in recent years, hovering between $7.4bn and $7.6bn.
Competition from mobile video game makers, such as Epic Games, has intensified in recent years, and one of EA’s biggest rivals, Activision Blizzard, was bought by Microsoft for almost $69bn in 2023.
As a private company, EA will no longer be required to report its financial results each quarter, freeing it from some scrutiny, which some analysts say can remove some pressure to meet targets.
skip past newsletter promotionafter newsletter promotion
However, there are often job cuts and cost-cutting at formerly public companies when they are taken private, although there has not been any suggestion that this will happen at EA.
The company laid off about 5% of its workforce in 2024 but had 14,500 employees in March 2025 and cut several hundred jobs in May.
On Monday, EA reported lower than expected revenues in the last quarter, blamed on a decline in engagement with its latest Battlefield game.
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (“EA” or “Electronic Arts”), a global leader in interactive entertainment, today announced that its acquisition by PIF, Silver Lake, and Affinity Partners (collectively, the “Consortium”) has successfully closed. The Consortium’s agreement to acquire EA was previously announced on September 29, 2025, and was approved by EA stockholders at the special meeting of stockholders held on December 22, 2025.
"This moment recognizes the extraordinary people whose creativity, ambition and passion have made EA one of the world's leading interactive entertainment companies," said Andrew Wilson, Chairman & CEO of Electronic Arts. "We're entering this next chapter from a position of strength with partners who share our vision and ambition. Together, we'll invest boldly, accelerate innovation, and build the next generation of games and experiences for the hundreds of millions of players and fans who inspire us every day."
“Having been a minority investor in the company for more than five years, we have a deep understanding of EA’s unique platform, massive global sports and gaming franchises, and iconic IP,” said Turqi Alnowaiser, Deputy Governor and Head of International Investments at PIF. “Entertainment and sports are key areas of strategic focus for PIF, and are among the fastest growing and evolving sectors around the world. Together, the Consortium is uniquely positioned to be a long-term partner to EA’s management team in driving sustained growth and innovation for EA and the industry.”
“EA’s franchises are some of the most beloved in entertainment, combining exceptional creative talent with a relentless focus on players,” said Egon Durban, CEO and Managing Partner of Silver Lake. “As long-term investors in technology, we admire how EA’s innovation fuels imagination and human connection. We’re proud to join with PIF and Affinity Partners to invest heavily in EA’s growth, including what AI can do to enhance game development and player experience, and excited to partner with Andrew and the EA team as they raise the bar for fans everywhere.”
“EA has created stories, characters, and communities that have become part of everyday life for hundreds of millions of people,” said Jared Kushner, Chief Executive Officer of Affinity Partners. “We're excited to support the company as it continues to reach new audiences, inspire the next generation of creators, and expand the ways people around the world connect through play.”
With the transaction complete, EA stockholders will receive $210 in cash for each share of EA common stock they owned as of the closing. EA’s common stock has ceased trading and will be delisted from NASDAQ.
Advisors
Goldman Sachs & Co. LLC served as EA’s financial advisor and Wachtell, Lipton, Rosen & Katz served as EA’s legal advisor.
Kirkland & Ellis LLP served as legal counsel to the Consortium. Kirkland & Ellis LLP served as lead legal counsel to PIF, with Gibson, Dunn & Crutcher LLP and White & Case LLP providing specialized counsel. Latham & Watkins LLP and Simpson Thacher & Bartlett LLP served as Silver Lake’s legal counsel. Sidley Austin LLP served as Affinity Partners’ legal counsel.
J.P. Morgan Securities LLC served as the Consortium's financial advisor.
About Electronic Arts
Electronic Arts is a global leader in digital interactive entertainment. The company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.
In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.
EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.
About PIF
PIF is one of the world’s most impactful investors, enabling the creation of key sectors and opportunities that help shape the global economy, deliver returns and drive the economic transformation of Saudi Arabia. The gaming and esports industry is one of its priority sectors, contributing to the diversification of the local economy, while at the same time driving investment returns.
About Silver Lake
Silver Lake is a global technology investment firm, with approximately $114 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate more than $307 billion of revenue annually and employ approximately 433,000 people globally.
About Affinity Partners
Affinity Partners is a Miami-based investment firm founded in 2021 by Jared Kushner. With over $6B under management and a team of 30+ professionals, Affinity focuses on growth equity and technology investments at scale, with a flexible mandate across industries and geographies.
Some statements set forth in this release contain forward-looking statements that are subject to change. Statements including words such as “anticipate,” “believe,” “expect,” “intend,” “estimate,” “plan,” “predict,” “seek,” “goal,” “will,” “may,” “likely,” “should,” “could” (and the negative of any of these terms), “future” and similar expressions also identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the benefits of closing the transaction. These forward-looking statements are based on various assumptions, whether or not identified in this communication, are not guarantees of future performance and reflect management’s current expectations.
Our actual results could differ materially from those discussed in the forward-looking statements. Some of the factors which could cause EA’s results to differ materially from its expectations include the following: risks related to disruption of management time from ongoing business operations due to the transaction; the risk of any unexpected costs or expenses resulting from the transaction; the risk of any litigation relating to the transaction; the risk that the transaction could have an adverse effect on the ability of EA to retain and hire key personnel and to maintain relationships with customers, vendors, partners, employees, stockholders and other business relationships and on its operating results and business generally; the risks and uncertainties that are described in the proxy statement that EA has filed with the Securities Exchange Commission (the “SEC”) in connection with the transaction; and other factors described in EA’s Annual Report on Form 10-K for the fiscal year ended March 31, 2026, as well as in other documents EA has filed with the SEC.
These filings are available on the investor relations section of EA’s website at https://ir.ea.com or on the SEC’s website at https://www.sec.gov. The forward-looking statements made in this communication are current only as of the date hereof. EA assumes no obligation to revise or update any forward-looking statement, except as required by law.
Electronic Arts logo is seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
Aug 3 (Reuters) - Videogame publisher Electronic Arts (EA.O), opens new tab missed expectations for first-quarter bookings on Monday, hit by a post-launch decline in engagement for its "Battlefield" franchise ahead of its Saudi-backed acquisition.
Here are more details:
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
Despite having a strong launch last year, "Battlefield 6" has struggled to maintain player engagement, raising concerns about its long-term live-service revenue potential.
The Redwood City, California-based company relies heavily on in-game spending to extend the life cycles of its titles and derive consistent revenue.
Electronic Arts is likely to feel the heat from Take-Two Interactive's (TTWO.O), opens new tab upcoming blockbuster release of "Grand Theft Auto VI", which is expected to command player attention and funnel discretionary spending away from rivals.
The gaming company reported first-quarter bookings of $1.35 billion, missing analysts' average estimate of $1.48 billion, according to data compiled by LSEG.
Profit rose to $397 million for the quarter ended June 30, from $201 million in the year-ago period.
Last week, Saudi Arabia's Public Investment Fund and a group of investors gained EU approval for their $55 billion deal to take Electronics Arts private.
Reporting by Anhata Rooprai and Arunesh Sinha in Bengaluru
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Amundi decreased its position in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 25.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,391,151 shares of the game software company’s stock after selling 487,340 shares during the quarter. Amundi owned 0.55% of Electronic Arts worth $283,614,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in EA. Brighton Jones LLC boosted its holdings in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after acquiring an additional 294 shares during the period. Empowered Funds LLC increased its stake in Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after purchasing an additional 12,076 shares during the period. Geneos Wealth Management Inc. increased its stake in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares during the period. Jump Financial LLC purchased a new stake in Electronic Arts during the second quarter worth about $2,323,000. Finally, NewEdge Advisors LLC lifted its position in shares of Electronic Arts by 96.4% during the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after purchasing an additional 1,505 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.
Electronic Arts Trading Up 0.3% EA opened at $209.59 on Friday. Electronic Arts Inc. has a one year low of $151.50 and a one year high of $209.80. The company has a market cap of $52.90 billion, a P/E ratio of 60.05, a PEG ratio of 2.34 and a beta of 0.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day simple moving average is $204.85 and its 200-day simple moving average is $202.93.
Insider Transactions at Electronic Arts In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the sale, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider owned 26,360 shares of the company’s stock, valued at $5,351,080. This represents a 4.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,206 shares of company stock valued at $6,292,058 over the last three months. 0.24% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades Several research firms have recently commented on EA. Citigroup raised their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $201.42.
Get Our Latest Stock Analysis on EA
Electronic Arts News Summary Here are the key news stories impacting Electronic Arts this week:
Positive Sentiment: All regulatory approvals reportedly completed: Electronic Arts said the acquisition by a consortium including Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners has received the necessary regulatory clearances. The transaction is now expected to close next week, a significant catalyst for shareholders. Electronic Arts says all regulatory approvals for its sale have been completed Positive Sentiment: Deal certainty supports the stock: Multiple reports say EA’s $55 billion sale is on track to close next week. With the transaction nearing completion, investors have greater visibility into receiving the agreed consideration, although upside may be limited as the market price approaches the deal value. Electronic Arts Set to Close $55 Billion Go-Private Deal Next Week Neutral Sentiment: Insider share sale: EA’s chief people officer sold 1,200 shares as the company prepares to go private. The transaction is relatively small and is unlikely to materially change the investment case. Electronic Arts’ Chief People Officer Sells 1,200 Shares Negative Sentiment: Executive pay and layoffs draw criticism: Reports that CEO Andrew Wilson received approximately $38.7 million in compensation while EA cut developers have created negative publicity and governance concerns. The criticism may weigh on sentiment, though its effect on the stock is likely limited while the merger remains the dominant driver. Amid layoffs, EA CEO earned $38.7 million Electronic Arts Profile (Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
Read More Five stocks we like better than Electronic Arts Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA – Free Report).
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEAmundi Raises Stock Holdings in Becton, Dickinson and Company $BDX
NEXT HEADLINE »Arete Wealth Advisors LLC Has $8.77 Million Stake in Tesla, Inc. $TSLA
Saudi Arabia's Public Investment Fund and a group of investors have gained EU approval for their $55 billion acquisition of video game developer Electronic Arts under the bloc's subsidy rules, a European Commission filing showed on Friday.
Arrowstreet Capital Limited Partnership purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 106,121 shares of the game software company’s stock, valued at approximately $21,635,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares during the period. Geneos Wealth Management Inc. increased its position in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares during the period. Jump Financial LLC purchased a new position in Electronic Arts in the second quarter worth $2,323,000. Finally, NewEdge Advisors LLC raised its position in Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after acquiring an additional 1,505 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.
Wall Street Analyst Weigh In Several equities research analysts have commented on EA shares. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $201.42.
View Our Latest Research Report on Electronic Arts
Insiders Place Their Bets In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the transaction, the insider owned 73,513 shares of the company’s stock, valued at $14,930,490.30. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the sale, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. This represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 31,206 shares of company stock valued at $6,292,058. 0.24% of the stock is owned by insiders.
Electronic Arts Stock Performance Electronic Arts stock opened at $208.91 on Thursday. The company has a market capitalization of $52.38 billion, a price-to-earnings ratio of 59.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. Electronic Arts Inc. has a 12-month low of $150.87 and a 12-month high of $209.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s fifty day moving average price is $204.70 and its 200 day moving average price is $202.89.
Electronic Arts Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s payout ratio is 21.78%.
Electronic Arts Profile (Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
See Also Five stocks we like better than Electronic Arts Why SK hynix Could Be the Best AI Chip Stock to Buy Now Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead? Why Bloom Energy May Be the Most Important AI Infrastructure Stock Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA – Free Report).
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINE144,696 Shares in iShares Core MSCI EAFE ETF $IEFA Purchased by Ashton Thomas Securities LLC
NEXT HEADLINE »Procter & Gamble Company (The) $PG Shares Acquired by Arkadios Wealth Advisors
Vijayanthimala “Mala” Singh, Chief People Officer at Electronic Arts Inc. (EA +0.02%), sold 1,200 shares of common stock on July 15, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$248,400Shares sold (indirectly held)1,200Post-transaction shares (directly held)19,130Post-transaction shares (indirectly held)25,160Post-transaction value$9.18 millionTransaction value based on SEC Form 4 weighted average sale price ($206.98); post-transaction value based on July 15, 2026 market close ($207.27).
Key questionsWhat was the motivation behind this transaction?
The sale was non-discretionary, executed pursuant to a Rule 10b5-1 trading plan established on May 28, 2025, by Mala Singh and the Singh-Force Family Trust to facilitate routine portfolio management.What is the insider's remaining exposure to the company?
Following this transaction, the Chief People Officer maintains a significant equity position totaling 44,290 shares of common stock, valued at $9.18 million as of the July 15, 2026 market close, and also holds derivative securities.How does the indirect ownership structure work for this position?
The shares sold were held by the Singh-Force Family Trust. Although held indirectly, the insider maintains investment control over and a pecuniary interest in all shares within that trust.How has the stock performed leading up to this filing?
The transaction occurred with shares priced at $206.98, amid a period where the company delivered a 39% total return over the 12 months ending July 15, 2026.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$207.27Market Capitalization$52.0 billionRevenue (TTM)$7.5 billionNet Income (TTM)$887.0 millionCompany SnapshotElectronic Arts develops, publishes, and distributes interactive entertainment across gaming consoles, personal computers, smartphones, and tablets, generating revenue through game sales, digital content, in-game purchases, and subscription services across sports, racing, first-person shooter, action, and role-playing game genres.The company operates a diversified business model that combines premium game sales with recurring revenue streams from live services, digital monetization, and subscription platforms, enabling sustained profitability and customer engagement across multiple revenue channels.EA serves a global audience of casual and hardcore gamers spanning console, PC, and mobile platforms, with particular strength in sports franchises and competitive multiplayer titles that appeal to both individual consumers and the esports community.Electronic Arts is a global leader in interactive entertainment with approximately 14,600 employees and a market capitalization of $52 billion as of July 2026. The company has demonstrated strong financial performance with trailing 12-month revenue of $7.5 billion and net income of $887 million, reflecting the resilience and profitability of its diversified game portfolio and live services ecosystem.
EA's competitive advantage derives from its portfolio of iconic franchises, sophisticated player engagement systems, and integrated platform ecosystem that captures value across console, PC, and mobile gaming segments.
What this transaction means for investorsThe July 15 sale of Electronic Arts stock by Chief People Officer Mala Singh came just days before the European Commission approved the company’s acquisition by the Public Investment Fund of Saudi Arabia and a consortium of buyers. The deal will take the storied gaming giant private, and as part of that, pay shareholders $210 per share.
Singh’s disposition does not appear to signal a warning sign for investors, as it was a non-discretionary transaction executed as part of a prearranged Rule 10b5-1 trading plan. Such plans allow insiders to sell shares at predetermined times to avoid concerns of trading on non-public information.
Post-transaction, Singh retained over 19,000 directly-held shares and more than 25,000 shares held in a family trust. This suggest she is not in a rush to dispose of her holdings.
As Electronic Arts marches towards completion of the deal to go private, its business is delivering solid performance. The company reported revenue of $2.1 billion in its fiscal fourth quarter ended March 31, up from $1.9 billion in the prior year.
Assetmark Inc. reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) by 67.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,868 shares of the game software company’s stock after selling 9,976 shares during the period. Assetmark Inc.’s holdings in Electronic Arts were worth $992,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Optas LLC boosted its holdings in Electronic Arts by 4.2% in the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock valued at $272,000 after purchasing an additional 54 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares during the period. Macroview Investment Management LLC grew its holdings in Electronic Arts by 6.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after acquiring an additional 62 shares during the period. Candriam S.C.A. raised its position in Electronic Arts by 0.3% in the first quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock worth $5,033,000 after acquiring an additional 65 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Electronic Arts by 8.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 931 shares of the game software company’s stock worth $190,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.
Electronic Arts Trading Up 0.0% Shares of EA stock opened at $209.08 on Friday. The stock has a market cap of $52.43 billion, a P/E ratio of 59.91, a P/E/G ratio of 2.34 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a fifty-two week low of $146.97 and a fifty-two week high of $209.34. The business has a fifty day simple moving average of $204.25 and a 200-day simple moving average of $202.80.
Electronic Arts Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.
Insider Activity In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the transaction, the chief financial officer owned 25,991 shares in the company, valued at approximately $5,233,547.76. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jacob J. Schatz sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the sale, the executive vice president owned 42,287 shares in the company, valued at $8,507,721.53. This represents a 10.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 31,206 shares of company stock worth $6,292,058 in the last three months. Company insiders own 0.24% of the company’s stock.
Analyst Ratings Changes Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Citigroup increased their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $196.64.
Get Our Latest Stock Analysis on EA
About Electronic Arts (Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
Read More Five stocks we like better than Electronic Arts Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBank of Nova Scotia Trims Stock Holdings in Abbott Laboratories $ABT
NEXT HEADLINE »Bank of New York Mellon Corp Sells 13,704 Shares of Rush Enterprises, Inc. $RUSHA
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today, Electronic Arts, Inc. (NASDAQ: EA) revealed the cover of the Ultimate Plus Edition for EA SPORTS FC™ 27, featuring Real Madrid superstars Kylian Mbappé and Jude Bellingham following an incredible summer of football, alongside the first-look at EA SPORTS FC 27 gameplay ahead of its worldwide launch on September 25, 2026. WATCH: EA SPORTS FC™ 27 REVEAL TRAILER As a limited-time edition available through August 31st, EA SPORTS FC™ 27 Ultimate Plus Edit.
Electronic Arts and PIF (Public Investment Fund) logos are seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, July 23 (Reuters) - A group of investors including Saudi Arabia's Public Investment Fund has secured EU antitrust approval for its $55 billion acquisition of video game developer Electronic Arts (EA.O), opens new tab, the European Commission said on Thursday.
Saudi Arabia's $1 trillion wealth fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake announced the deal, the largest leveraged buyout in history, in September last year.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
The Commission, which acts as the EU competition enforcer and had examined the deal under its merger rules, said the acquisition would not raise competition concerns, confirming a Reuters story.
The EU executive is also scrutinising the deal under its Foreign Subsidies Regulation (FSR) aimed at preventing unfair non-EU subsidies granted to companies looking to acquire rivals in the 27-country bloc and is seen as a bigger hurdle.
PIF is also expected to win EU clearance under EU subsidy rules, people familiar with the matter told Reuters last week. The Commission's decision is due by July 30.
Reporting by Foo Yun Chee; Editing by K irsten Donovan
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Laura Miele, President of Enterprise Development at Electronic Arts Inc. (EA 0.12%), sold 2,500 shares of common stock on July 15, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueShares sold2,500Transaction value$517,525Post-transaction shares (directly held)71,013Post-transaction value$14.72 millionTransaction value based on SEC Form 4 weighted average sale price ($207.01); post-transaction value based on July 15, 2026 market close ($207.27).
Key questionsWhat was the structural context of this disposal?
This sale was executed under a Rule 10b5-1 trading plan, which was established on August 8, 2025. These plans allow insiders to schedule stock transactions in advance, providing a defense against potential allegations of trading on non-public information and indicating this was a pre-arranged liquidity event.How does this impact the insider's remaining stake and alignment?
The sale of 2,500 shares represents a minor adjustment to the insider's total equity position. After the trade, she continues to hold 71,013 shares directly, maintaining a 0.0283% ownership stake in the company and ensuring ongoing alignment with shareholder value.What are the current financial fundamentals of the company?
As of the transaction date, the company had a market capitalization of $52 billion and reported trailing twelve-month revenue of $7.5 billion. The stock was priced at $207.01 per share at the time of execution, following a one-year total return of 39% as of July 15, 2026.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$207.27Market Capitalization$52.0 billionRevenue (TTM)$7.5 billionNet Income (TTM)$887.0 millionCompany SnapshotElectronic Arts develops, publishes, and distributes interactive entertainment across multiple platforms including gaming consoles, personal computers, smartphones, and tablets, with primary revenue derived from premium game titles, in-game content, and digital services across sports, racing, first-person shooter, action, and role-playing game genres.The company operates a diversified business model generating revenue through direct game sales, subscription services, in-game purchases, and digital content monetization, leveraging both owned intellectual property and licensed franchises to drive recurring engagement and player spending.Electronic Arts serves a global audience of millions of players across all demographic segments, with particular strength in competitive gaming communities, console and PC gamers, and mobile gaming audiences seeking premium entertainment experiences.Electronic Arts is a global leader in interactive entertainment with a market capitalization of $52 billion, operating 14,600 employees across its Redwood City headquarters and worldwide offices. The company maintains competitive advantages through its portfolio of iconic franchises, advanced game development capabilities, and integrated digital distribution platforms that enable direct consumer relationships and recurring revenue streams.
EA's strategic focus on live-service gaming, cross-platform experiences, and emerging technologies positions the company to capture growth across traditional and next-generation gaming markets.
What this transaction means for investorsThe July 15 sale of Electronic Arts stock by President of Enterprise Development Laura Miele occurred at a time when the company is awaiting regulatory approval for its purchase by a consortium of investors. Her sale came just days before new reports surfaced about European regulators preparing to approve the video game maker’s acquisition. As a result, shares rose to an all-time high of $209.34 on July 20.
However, the timing appears coincidental since Miele’s disposition was a non-discretionary transaction. It was part of a prearranged Rule 10b5-1 trading plan. In addition, she retained over 70,000 shares post-transaction, suggesting she has confidence in the acquisition going through.
In September of 2025, Electronic Arts announced it would be acquired and taken private. Shareholders will receive $210 per share if the deal can capture the necessary regulatory approvals. That’s why the stock did not go past $209.34 as investors await the final regulatory clearances.
Robert Izquierdo has positions in Electronic Arts. The Motley Fool recommends Electronic Arts. The Motley Fool has a disclosure policy.
Over 10 million people will face a hosepipe ban after Thames Water became the latest water company to announce usage restrictions - as the Environment Agency (EA) warns much of England is at risk of drought.
The UK's largest water provider said the new restrictions will come into effect from 23 July, but that customers in the affected areas should abide by the new rules straight away.
Households have been told not to use hosepipes for non-essential uses, such as watering gardens, cleaning cars, filling up paddling pools or topping up hot tubs.
The decision follows recent periods of record hot weather and increased demand.
Meanwhile, the EA's National Drought Group said parts of southern, central and eastern England have moved closer to drought status, classified as under "prolonged dry weather".
Image: Pic: Environment Agency 'Only 40% of average spring rainfall'
Thames Water said demand was currently around 10% above normal levels across the Thames Valley and Home Counties and 7% above normal in London.
More on Heatwave
Hosepipe ban brought in for more people amid 'decline in river levels'
Run of very high UK temperatures 'set to end' - but intense heat may return, say forecasters
What is a 'firewave'? And when will the risks from blazes during this heatwave end?
In addition, it said the Thames Water region had only received 40% of average spring rainfall this year - with no rainfall so far in July within the Thames catchment area.
Could the new PM nationalise Thames Water?
Met Office figures show that central and South East England have seen the longest unbroken spell of no recorded rainfall this century.
The forecaster warned that during peak periods, water had been used faster than it could be treated and moved through parts of the network, straining local supplies.
Nevil Muncaster, the director of strategic water resources at the company, said the firm "would not be taking this step unless it was necessary".
He added that: "Many customers have already reduced their water use and that support has made a difference. Thank you to everyone who has already changed their daily habits."
Read more on Sky News: What is a 'firewave'?
Image: Thames Water is the seventh company to bring in hosepipe bans. File pic: Reuters 'Difficult combination' of hot and dry weather
After Thames Water announced the latest hosepipe ban, Helen Wakeham, chair of the National Drought Group, said that the hot conditions and lack of rain have made for a "difficult combination, and we are seeing the effects on our farmers, our wildlife, and the amount available for public and business use".
"All sectors are taking action," she said, "and we are grateful to the public for following the restrictions, where in place, to make sure there is enough water for everyone this summer.
"We want everyone to stay safe and hydrated during the hot weather but every drop we can save is a drop more for nature and agriculture."
'Customers using an extra 100 million litres every day'
Thames Water said earlier that customers were using an extra 100 million litres every day - equivalent to adding all the homes in Manchester to the network.
Thames Water's new measures are the latest in a string of hosepipe bans.
Bans are also in place for Southern Water customers in Hampshire and the Isle of Wight, Cambridge Water customers, Affinity Water customers in Bedfordshire, Berkshire, Buckinghamshire, Essex, Hertfordshire, Surrey, and Anglian Water customers in the East of England.
On Monday, South East Water said more than two million people face a hosepipe ban after it was extending water restrictions.
Read more:
Reform deputy urges Burnham to seize control of Thames Water
Thames Water lenders plot legal fight with Burnham over nationalisation
As well as pushing up demand as people consume more water, periods of hot weather can also lead to physical pressure on underground water pipes, leading to higher rates or bursts and leaks.
Thames Water stressed that it was repairing more than 750 leaks every week and continuing its biggest network upgrade in 150 years.
While the company said it plans for periods of dry weather and increased summer demand, it claimed the scale and duration of recent demand is having a "significant impact" on water resources.
Andrew Wilson, Chairman & Chief Executive Officer of Electronic Arts Inc. (EA +0.51%), sold 5,000 shares of common stock on July 15, 2026 according to the SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$1.0 millionShares sold (indirectly held)5,000Post-transaction shares (indirectly held)~117,000Post-transaction value$24.25 millionTransaction value based on SEC Form 4 weighted average sale price ($207.01); post-transaction value based on July 15, 2026 market close ($207.27).
Key questionsHow does this transaction align with the CEO's overall equity position?
Following this 4% reduction in holdings, Andrew Wilson maintains a substantial indirect position of ~117,000 shares, which are distributed between the Wilson Family 2015 Trust and a secondary trust for descendants.What was the structural nature of this disposition?
The transaction was non-discretionary and followed a pre-arranged Rule 10b5-1 trading plan adopted on August 1, 2025, a mechanism used by corporate executives to manage personal portfolio diversification over time.In what market context did the sale occur?
The sale was completed at a weighted average price of $207.01, occurring as Electronic Arts shares have realized a one-year total return of 39% as of the July 15, 2026 transaction date.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$207.27Market Capitalization$52.0 billionRevenue (TTM)$7.5 billionNet Income (TTM)$887.0 millionCompany SnapshotElectronic Arts develops, publishes, and distributes interactive entertainment across multiple platforms including gaming consoles, personal computers, smartphones, and tablets, with primary revenue derived from premium game titles, in-game content, and digital services across sports, racing, first-person shooter, action, and role-playing game genres.The company operates a diversified business model generating revenue through direct game sales, subscription services, in-game purchases, and digital content monetization, leveraging both owned intellectual property and licensed franchises to drive recurring engagement and player spending.Electronic Arts serves a global audience of millions of players across all demographic segments, with particular strength in competitive gaming communities, console and PC gamers, and mobile gaming audiences seeking premium entertainment experiences.Electronic Arts is a global leader in interactive entertainment with a market capitalization of $52 billion, operating 14,600 employees across its Redwood City headquarters and worldwide offices. The company maintains competitive advantages through its portfolio of iconic franchises, advanced game development capabilities, and integrated digital distribution platforms that enable direct consumer relationships and recurring revenue streams. EA's strategic focus on live-service gaming, cross-platform experiences, and emerging technologies positions the company to capture growth across traditional and next-generation gaming markets.
What this transaction means for investorsThe July 15 sale of Electronic Arts stock by CEO Andrew Wilson came at a time when the company is awaiting regulatory approval for its acquisition by a consortium of investors. News reports suggest European regulators are set to give the thumbs up by the end of July.
That said, Wilson’s disposition appears disconnected from concerns related to Electronic Arts’ takeover, which will make the company private. His sale was a non-discretionary transaction as part of a pre-arranged Rule 10b5-1 trading plan. Such plans are often implemented by insiders to avoid accusations of trading based on non-public information.
Electronic Arts stock edged up on the news of a potential European approval, reported on July 17 just days after Wilson’s sale. Shares have hovered above $200 since the deal to take the video game maker private were announced in September of 2025. Shareholders will receive $210 per share if the deal gains the necessary regulatory approvals.
Robert Izquierdo has positions in Electronic Arts. The Motley Fool recommends Electronic Arts. The Motley Fool has a disclosure policy.
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) and Battlefield Studios today revealed a first look at Battlefield 6™ and Battlefield REDSEC, delivering the franchise's largest seasonal update to date with Naval Warfare, new content, and a meticulously crafted knockout Top Gun crossover experience in partnership with Paramount Games Studio. The update will include the F-18/Super Hornet and iconic F-14 Tomcat, fan-favorite characters from Top Gun, as well as two new modes.
Electronic Arts logo is seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, July 17 (Reuters) - A group of investors including Saudi Arabia's Public Investment Fund is set to secure European Union approval for its $55 billion acquisition of video game developer Electronic Arts (EA.O), opens new tab under EU subsidy rules, people familiar with the matter said.
Saudi Arabia's $1 trillion wealth fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake announced the deal, the largest leveraged buyout in history, in September last year.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
The deal represents a major push by PIF in its efforts to become a global hub for games and sports, betting on the enduring value of blockbuster game franchises as the industry recovers from a prolonged downturn.
It also underscores the kingdom's diversification from oil into infrastructure, tourism, sports and gaming and other sectors.
The European Commission, which acts as the EU competition enforcer, is set to clear the deal after the end of its preliminary review under its Foreign Subsidies Regulation (FSR) on July 30, the people said.
The Commission declined to comment. PIF and Electronic Arts did not immediately respond to emailed requests for comment.
The FSR is aimed at preventing unfair non-EU subsidies to companies looking to acquire rivals in the 27-country bloc.
The deal is also expected to win unconditional EU clearance under merger rules when a preliminary review ends on July 22.
Two previous deals involving Middle East companies, Abu Dhabi state oil firm ADNOC's acquisition of German chemicals company Covestro and UAE telecoms group e&'s bid for parts of Czech telecoms company PPF, were only cleared after lengthy investigations and remedies.
Reporting by Foo Yun Chee; Editing by Kirsten Donovan
Our Standards: The Thomson Reuters Trust Principles., opens new tab
An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.
Electronic Arts Inc. (NASDAQ: EA) today unveiled EA SPORTS⢠NHL 27, launching September 11, 2026 on PlayStationÂ5 and Xbox Series X|S. EA SPORTS⢠NHL 27
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) today unveiled EA SPORTS™ NHL 27, launching September 11, 2026 on PlayStation®5 and Xbox Series X|S. EA SPORTS™ NHL® 27 brings all 32 NHL arenas to life with authentic atmospheres: presentation that reflects each team's identity, a new commentary team, a new dynamic crowd system, and a new modernized broadcast package. Alongside new social and competitive mode Connected Franchise, this year marks one of the most significan.
, /PRNewswire/ -- Oak-Eagle AcquireCo, Inc. (the "Offeror") announced today the extension of the Expiration Time and Settlement Date for the previously announced offers to purchase for cash (each, a "Tender Offer" and, together, the "Tender Offers") any and all of Electronic Arts Inc.'s (NASDAQ: EA) (the "Company") outstanding (i) 1.850% Senior Notes due 2031 (the "2031 Notes") and (ii) 2.950% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), and solicitations of consents (each, a "Consent Solicitation" and, together, the "Consent Solicitations") from holders of the Notes (each, a "Holder" and, collectively, the "Holders") to certain proposed amendments (the "Proposed Amendments") to the indenture, dated as of February 24, 2016, as supplemented by that certain Second Supplemental Indenture, dated as of February 11, 2021, by and between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee") (the "Indenture") (such consents being solicited are each a "Consent" and, collectively, the "Consents").
The previously announced Expiration Time of 5:00 P.M., New York City time, on July 15, 2026, has been extended with respect to all Holders to 5:00 P.M., New York City time, on July 30, 2026, unless extended or earlier terminated, and the Settlement Date has been extended to August 4, 2026, unless extended or earlier terminated. The Offeror intends to extend the Expiration Time, without extending the Withdrawal Deadline (unless required by law), such that it will remain within three business days prior to the Settlement Date, which we anticipate will occur on or about the closing date of the Merger. The Withdrawal Deadline of 5:00 P.M., New York City time, on February 24, 2026 (the "Withdrawal Deadline"), is not extended and has already expired and any Notes tendered after the Withdrawal Deadline may not be withdrawn.
The Tender Offers and the Consent Solicitations are being made in connection with, and are expressly conditioned upon the closing of, the acquisition of the Company pursuant to the Agreement and Plan of Merger, dated September 28, 2025 (as it may be amended, supplemented or modified from time to time, the "Merger Agreement"), by and among the Company, the Offeror and Oak-Eagle MergerCo, Inc., a Delaware corporation and a wholly-owned subsidiary of the Offeror ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of the Offeror, in each case on and subject to the terms and conditions therein. The Offeror and Merger Sub were formed by an investor consortium consisting of The Public Investment Fund, Silver Lake and Affinity Partners, for purposes of engaging in the transactions contemplated by the Merger Agreement. The consummation of the Merger is not conditioned on the consummation of the Tender Offers and the Consent Solicitations.
The terms and conditions of the Tender Offers and Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement relating to the Notes dated as of February 10, 2026 (as amended or supplemented from time to time, the "Offer to Purchase and Consent Solicitation Statement"). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to such terms in the Offer to Purchase and Consent Solicitation Statement.
The table below outlines the approximate principal amount of the Notes validly tendered and not validly withdrawn as of the date hereof, according to information provided by Global Bondholder Services Corporation, the depositary and information agent for the Tender Offers and the Consent Solicitations (the "Depositary and Information Agent"). Any Notes validly tendered after February 24, 2026, but on or prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration set forth in the table below. The Offeror currently intends to accept all Notes tendered in the Tender Offers, subject to the satisfaction of the conditions described below.
Title of Notes
CUSIP/ISIN(1)
Outstanding
Principal
Amount
Reference
Security
Reference
Yield
Fixed
Spread
(bps)
Tender Offer
Consideration(2) (3)
Aggregate
Principal
Amount
Tendered
1.850% Senior
Notes due 2031
CUSIP:
285512AE9
ISIN:
US285512AE93
$750,000,000
3.750%
UST due
January 31,
2031
3.626 %
+0
$876.41
$68,819,000
2.950% Senior
Notes due 2051
CUSIP:
285512AF6
ISIN:
US285512AF68
$750,000,000
4.625%
UST due
November
15, 2055
4.705 %
+0
$696.18
$7,917,000
(1) The CUSIP numbers and ISINs referenced in this press release are included solely for the convenience of Holders. None of the Offeror, the Company, the Trustee, the Dealer Manager (as defined below), the Depositary and Information Agent nor their respective affiliates shall be held responsible for the selection or use of the referenced CUSIP numbers and ISINs, and no representation is made as to the correctness of any CUSIP number or ISIN on the Notes or as indicated in this press release or any other document.
(2) As defined in the Offer to Purchase and Consent Solicitation Statement. Calculated based on the Settlement Date of August 4, 2026. Subject to update pursuant to the Offer to Purchase and Consent Solicitation if the Tender Offers settle on a different date.
(3) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn after February 24, 2026, but on or prior to the Expiration Time.
General Information
The Offeror's obligations to complete each Tender Offer and Consent Solicitation are subject to and conditioned upon the following having occurred or, in the case of the General Conditions, having been waived by the Offeror with respect to such Tender Offer and Consent Solicitation, as applicable: (1) the satisfaction of the Merger Condition, and (2) the satisfaction of the General Conditions. Each Tender Offer and Consent Solicitation is a separate offer and is not conditioned on any other Tender Offer or Consent Solicitation. There can be no assurance that any of the Tender Offers or the Consent Solicitations will be consummated. The Offeror may amend, extend or terminate the Tender Offers and the Consent Solicitations, in its sole discretion.
The Offeror intends to fund the Total Consideration (including accrued and unpaid interest), plus all related fees and expenses, using proceeds from the financing transactions to fund the Merger. Notes that are tendered and accepted in the Tender Offers will cease to be outstanding and will be cancelled.
Any Notes not tendered and purchased pursuant to the Tender Offers will remain outstanding. If the requisite Consents are received with respect to a series of Notes, and the Proposed Amendments become operative with respect to the Indenture for such series of Notes, then the applicable Notes that are not purchased pursuant to the Tender Offers will be subject to the Proposed Amendments. The Proposed Amendments would amend the Indenture to eliminate certain restrictive covenants, eliminate certain events of default and modify or eliminate certain other provisions with respect to such series of Notes. The Requisite Consents have not yet been received with respect to either series of Notes.
To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Offeror currently intends to cause the Company to defease one or both series of Notes, in which case Holders of such Notes will continue to receive interest on each scheduled interest payment date and principal on the stated maturity date but will not benefit from any restrictive covenants removed pursuant to the defeasance, including the change of control repurchase obligations. The Proposed Amendments do not need to be adopted in order to defease one or both series of Notes in accordance with the terms of the Indenture. To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Company may (or the Offeror may cause the Company to) also purchase, repurchase, redeem or otherwise acquire or retire the 2031 Notes and/or the 2051 Notes by any available means, including, without limitation, negotiated transactions, open market purchases, tender offers, redemption or otherwise, upon such terms and at such prices as the Offeror or the Company may determine. Any such transaction may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Tender Offers and the Consent Solicitations and will depend on various factors existing at that time. Finally, the Company may (or the Offeror may cause the Company to) leave outstanding any Notes that remain outstanding following the consummation of the Tender Offers and the Consent Solicitations or any transaction described in this paragraph.
J.P. Morgan Securities LLC has been retained as the dealer manager in connection with the Tender Offers and as the solicitation agent in connection with the Consent Solicitations (the "Dealer Manager"). In such capacities, it may contact Holders regarding the Tender Offers and the Consent Solicitations and may request brokers, dealers, commercial banks, trust companies and other nominees to forward the Offer to Purchase and Consent Solicitation Statement and related materials to beneficial owners of Notes. Requests for documents may be directed to the Depositary and Information Agent at: +1 (855) 654 2015 or [email protected]. Questions about the Tender Offers and the Consent Solicitations may be directed to J.P. Morgan Securities LLC at (866) 834-4466 or (212) 834-3424.
This press release is for informational purposes only. The Tender Offers and the Consent Solicitations are being made solely by the Offer to Purchase and Consent Solicitation Statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The Tender Offers and the Consent Solicitations are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers or the Consent Solicitations to be made by a licensed broker or dealer, the Tender Offers and the Consent Solicitations will be deemed to be made on behalf of the Offeror by the Dealer Manager, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
None of the Offeror, the Company, the Trustee, the Depositary and Information Agent, the Dealer Manager or any of their respective affiliates makes any recommendation as to whether Holders should tender or refrain from tendering their Notes, and no person or entity has been authorized by any of them to make such a recommendation. Holders must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.
Forward-Looking Statements
This press release contains or incorporates by reference certain "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or other similar words. These forward-looking statements are only predictions. These statements relate to future events and involve known and unknown risks, uncertainties and other important factors that may cause the actual outcomes to materially differ from those expressed or implied by these forward-looking statements. New factors could emerge from time to time and it is not possible for us to predict all such factors. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as guarantees of future events. These forward-looking statements speak only as of the date made and are not guarantees of future performance of results, including the closing of the Merger and successful completion of the Tender Offers and the Consent Solicitations. The Offeror expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained or incorporated by reference herein to reflect any change in expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) today launched EA SPORTS™ College Football 27 worldwide on PlayStation®5, Xbox Series X|S and, for the first time ever, PC and mobile. Following the record-breaking return of the franchise, College Football 27 raises the bar once again, delivering the most authentic college football experience yet.College Football 27 is the definitive modern college football experience. Every major change happening in the sport — from NIL a.
Electronic Arts logo is seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, June 24 (Reuters) - A group of investors including Saudi Arabia's Public Investment Fund has sought EU subsidy approval for its $55 billion acquisition of videogame developer Electronic Arts (EA.O), opens new tab, a European Commission filing showed on Wednesday.
The deal is also being reviewed separately under the bloc's merger rules.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
The Commission, which will assess the deal under its Foreign Subsidies Regulations aimed at preventing unfair non-EU subsidies to companies looking to acquire rivals in the 27-country bloc or taking part in public tenders, set a July 30 deadline for its decision.
The EU competition enforcer can clear the deal unconditionally after its preliminary review, or it can open a full-scale investigation if it has serious concerns.
Reporting by Foo Yun Chee; Editing by Jan Harvey
Our Standards: The Thomson Reuters Trust Principles., opens new tab
On June 17, 2026, we present a DCF analysis for Electronic Arts Inc EA , a company that has shown a price performance of +34.9% over the past year, despite a year-to-date decline of -0.5%. The current price of EA stands at $203.02.
DCF Earnings-based intrinsic value indicates a significant overvaluation with a margin of safety of -405.4%. DCF FCF-based intrinsic value suggests a modest overvaluation with a margin of safety of -72.7%. GF Score™ of 90/100 indicates a high reliability of the DCF inputs. What Is EA Worth? DCF Earnings-Based Model The DCF earnings-based model for Electronic Arts Inc EA utilizes a two-stage approach to estimate the intrinsic value of the stock. The first stage accounts for the growth phase over the next ten years, while the second stage considers the terminal phase for the subsequent ten years.
Parameter Value Current EPS (TTM, excl. non-recurring) $3.48 10-Year Growth Rate 2.3% 10-Year Treasury Rate 4.43% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the first stage, the EPS is expected to grow at a rate of 2.3% per year for ten years, discounted at a rate of 11%. The calculated value for this growth stage is $22.84 per share. In the second stage, after year ten, the growth rate slows to a terminal growth rate of 4% for another ten years, also discounted at 11%, yielding a terminal stage value of $10.94 per share.
Stage Description Value Growth Stage (Years 1-10) EPS growing at 2.3%, discounted at 11% $22.84 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $10.94 Intrinsic Value Growth + Terminal $33.78 With the current price at $203.02, the intrinsic value calculated at $40.17 indicates that EA is significantly overvalued, with a margin of safety of -405.4%. It is important to note that GuruFocus uses EPS without non-recurring items, as research shows that stock prices correlate more closely with earnings than with free cash flow. For further analysis, you can visit the EA DCF Calculator.
What Does the Free Cash Flow DCF Say? The Free Cash Flow (FCF)-based intrinsic value for Electronic Arts Inc is calculated at $117.59. When comparing this with the earnings-based intrinsic value of $33.78, the two models suggest a modest overvaluation, with a margin of safety of -72.7%. This divergence highlights the importance of considering multiple valuation approaches when assessing a company's worth.
How Does GF Value™ Compare to the DCF Models? The GF Value™ for Electronic Arts Inc is calculated at $159.55, providing a third perspective on valuation. GF Value™ is GuruFocus' proprietary measure, derived from historical trading multiples, past business growth, and future performance estimates. All three models—DCF earnings, DCF FCF, and GF Value™—indicate that EA is overvalued, reinforcing the need for caution among investors. For more details, visit the GF Value™ page.
What Does EA's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021).
Metric Rating GF Score™ 90/100 Financial Strength 8/10 Profitability 9/10 Growth 8/10 Valuation 5/10 Momentum 9/10 The predictability rank for EA is 2/5 stars, indicating that higher predictability means the DCF model is more reliable for this stock. For more insights, visit the EA stock page.
Key Assumptions and Limitations It is important to note that DCF models are highly sensitive to growth rate and discount rate assumptions. Stocks with low predictability ratings, such as EA, produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not fully capture future market conditions.
What This Means for Investors In conclusion, the DCF earnings model indicates a significant overvaluation, while the FCF model suggests a modest overvaluation. The GF Value™ also supports this perspective, indicating that EA is overvalued. Overall, investors should exercise caution when considering EA as a potential investment. For the full DCF analysis, visit the EA DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.
Frequently Asked Questions What is EA's intrinsic value based on DCF?
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
A group of investors including Saudi Arabia's Public Investment Fund has sought EU antitrust approval for its $55 billion acquisition of videogame developer Electronic Arts , according to a European Commission filing on Wednesday.
Powered by Fighters, UFC® 6 Brings UFC Stars to Life with Evolved Striking, Authentic Movement, Deeper Fighter Individuality, and New Immersive Storytelling Modes
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today, Electronic Arts Inc. (NASDAQ: EA) launches EA SPORTS™ UFC® 6 on PlayStation®5 and Xbox Series X|S, delivering next-level fighter fidelity to fans worldwide. Cutting-edge Markerless Capture and next-gen Sapien Technology make UFC superstars look, move, and fight like their real-life counterparts, while the all-new Flow State mechanic turns standout skills into in-game impact. Real-Time Contact brings every exchange to life with Frostbite™-powered ragdoll physics, and immersive new game modes like Hall of Legends and The Legacy let players experience the stories of UFC greats or carve their own path from backrooms to the bright lights.
“EA SPORTS™ continues to take the game to the next level,” said UFC President and CEO Dana White. “Every new edition gets better and better. The intensity, movement, and overall gameplay are next level, bringing fight fans a fun and realistic gameplay experience.”
“UFC 6 is a true leap forward for the franchise, and we are excited for fans to feel that difference from the moment they step into the virtual Octagon,” said Nate McDonald, Lead Producer of EA SPORTS™ UFC 6. “Markerless Capture and Sapien Technology set a new bar for authenticity, while new features like Signature Strikes and Flow State make every fighter feel more distinct, adding up to the most immersive UFC experience we’ve ever created.”
EA SPORTS™ UFC 6 is packed with new features and technology:
Next Level Fighter Fidelity: Everyone's fight looks different. Cutting-edge Markerless Capture and Sapien Technology make the fighters in UFC 6 look, move, strike and react in true-to-life fashion. Master each fighter and discover their strengths. Flow State: This all-new feature introduces 30 unique fighter Flow States built around each athlete's authentic strengths, tendencies and fight IQ. When players lean into a fighter's style, like pressure fighting, counter striking or grappling dominance, they build momentum that unlocks an advantage. Flow State turns identity into impact, forcing real-time adjustments as momentum shifts and the fight evolves. Real-Time Contact: Experience all-new Frostbite™ powered ragdoll physics, contact windows, damage and hit reactions. Real-Time Contact delivers more precise, fair and visceral exchanges. Hall of Legends: An immersive experience that explores the stories, environments and moments that shaped the careers of three UFC superstars. Relive iconic fights through a seamless mix of live footage, cinematic scenes and gameplay in this game-changing celebration of MMA greatness. The Legacy: An interactive prologue to Career Mode allowing players to shape the journey of MMA prospect Chris Carter. Players will navigate intense drama and fierce rivalries as they guide Carter from the regional fight scene to the UFC, all in pursuit of championship glory. Career Mode: Players can choose to jump into the fire against today’s top-ranked UFC contenders with their Created Fighter, favorite UFC star or Chris Carter from The Legacy. UFC Career Mode now features an expanded decision-driven system, with 10 times as many choices as UFC 5, each with higher stakes and a bigger impact on progression and legacy. Players can now fight for and defend two titles simultaneously, as well as duke it out for the BMF belt. The Gym: A centralized hub where players can recruit and train UFC stars, then level up their gym across any game mode to earn new trainers, boosts and exclusive cosmetic rewards that can be equipped for profiles or in Fighter Select as they develop and manage their team. Crossplay: For the first time in franchise history, UFC 6 introduces crossplay functionality, allowing players on PlayStation 5 and Xbox Series X|S to compete against each other in online modes. With the Ultimate Edition, players can step into the Octagon with instant access to Randy Couture and Ken Shamrock, plus the Fighter Pass, Expansion Pass, VIP Pass and more. Visit http://ea.com/games/ufc/ufc-6 and follow our social channels to learn more and stay up-to-date on all things UFC 6.
EA Play members on Xbox and PlayStation can try UFC 6 for up to 10 hours*. In addition, a limited-time EA Play Welcome Pack is available for members to claim, filled with cosmetic items to help them stand out from the competition. For more information on EA Play, please visit https://www.ea.com/ea-play.
PRESS ASSETS ARE AVAILABLE AT EAPressPortal.com
About Electronic Arts
Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.
In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.
EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.
About UFC®
UFC® is the world's premier mixed martial arts (MMA) organization, with more than 700 million fans and approximately 363 million social media followers. The organization produces more than 40 live events annually in some of the most prestigious arenas around the world, while distributing programming to an estimated 1 billion broadcast and digital households across 210 countries and territories. UFC's athlete roster features the world's best MMA athletes, representing more than 75 countries. The organization's digital offerings include UFC FIGHT PASS®, one of the world's leading streaming services for combat sports. UFC is part of TKO Group Holdings (NYSE: TKO) and is headquartered in Las Vegas, Nevada. For more information, visit UFC.com and follow UFC at Facebook.com/UFC and @UFC on X, Snapchat, Instagram, and TikTok.
*Conditions, limitations and exclusions apply. See tos.ea.com/legalapp/eaplay/US/en/PC/ for details.
TORONTO, June 22, 2026 (GLOBE NEWSWIRE) -- Environics Analytics (EA) today announced that Andrew Tziatis will join the organization as Vice President, Account Management on June 22. He will take on a leadership role within EA’s new Media Activation and Data Collaboration Services team, supporting clients as they connect data to more effective marketing outcomes.
Andrew Tziatis brings extensive agency experience from WPP Media and has been a valued partner to EA for many years. His deep understanding of the agency landscape and client needs will help strengthen EA’s ability to support organizations as they activate data, advance collaboration strategies and measure outcomes.
“We’re delighted that Andrew’s joining us. His perspective and experience make him a strong addition to our team,” said David Phillips, Chief Media & Activation Officer at EA. “He understands both the opportunities and the challenges our clients face and will help us continue to deliver measurable value.”
About Environics Analytics
Environics Analytics (EA) is the premier marketing, information, and analytical services company in Canada, helping thousands of customers across every industry sector turn data and analytics into strategy, insights and results. Established in 2003, we specialize in developing and using best-in-class data, analytics expertise, and purpose-built software (including our software-as-a-service platform, ENVISION) to address key challenges in areas such as consumer profiling and segmentation, multichannel media planning and execution, trade area analysis, merchandising and fundraising strategies, government services planning and site location decision-making. Environics Analytics is also the exclusive provider of LiveRamp technology and services in Canada, helping organizations with a variety of data collaboration and outcome measurement use cases. Environics Analytics is ISO 31700 Privacy-By-Design certified and is an affiliate of Bell Canada.
Contact: David Phillips
Chief Media and Activation Officer, Environics Analytics
DUBAI, United Arab Emirates, June 24, 2026 (GLOBE NEWSWIRE) -- Upcomers, a proprietary trading evaluation provider operating across more than 170 countries, has enabled Expert Advisor (EA) and automation tool support across all five of its trading platforms: MetaTrader 5, cTrader, TradeLocker, Match-Trader, and Bybit.
Effective May 26, 2026, participants in all Upcomers programs, including evaluation and instant access accounts, may use Expert Advisors, trade managers, risk management utilities, and other automation tools in their simulated trading. Permitted tools include custom and third-party Expert Advisors, trading bots, and execution utilities, provided they meet Upcomers' uniqueness and compliance requirements. Full details are published in the Upcomers Help Center.
Automated strategies follow the same trading rules as manual trading, including limits on certain high-frequency and arbitrage-based practices, set out in the firm's prohibited strategies guide.
“60-80% of US equity volume is already algorithmic. Automation has become the norm across modern markets, not the exception. Forcing traders to operate like it is 2015 doesn't reflect how serious traders actually work today. If you have a real edge, you should be able to execute it manually or automatically. Same rules. Same opportunity. That is why we enabled Expert Advisors and automation across all our platforms,” said Jakub Zeliska, CEO of Upcomers.
About Upcomers
Upcomers is a proprietary trading evaluation services provider offering simulated environments for evaluating trader skill and risk management. Since launching in May 2024, it has grown to support over 65,000 traders across more than 170 countries, distributing over $6 million in trader payouts to date.
Upcomers' programs are operated through Royal Flow - FZCO, a technology and education company registered in the United Arab Emirates (license number 35886, located at Building A1 IFZA Business Park, Dubai Silicon Oasis), and Upcomers Ltd., a legal entity registered in Saint Lucia (registration number 2025-00579). Payment processing is handled by UPCOMERS LTD, a Cyprus-registered entity (registration number HE 490773).
Important Disclaimer
All accounts provided through Upcomers programs operate exclusively in a simulated environment. Royal Flow - FZCO does not function as a broker, does not accept deposits, and does not facilitate live trading on financial markets. Participants do not deposit capital for investment purposes, nor do they risk their own funds. Program fees provide access to evaluation and educational services. Past performance, whether actual or hypothetical, is not indicative of future results. The evaluation process is challenging, and success rates vary based on individual performance.
Please consult a registered investment advisor before making any investment. The news site hosting this press release is not associated with Upcomers, Royal Flow - FZCO, or its affiliates. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the product or service. This is not a solicitation.
Oak-Eagle AcquireCo, Inc. Announces Extension of the Expiration Time and Settlement Date for the Previously Announced Tender Offers and Consent Solicitations for Any and All of Electronic Arts Inc.'s Oak-Eagle AcquireCo, Inc. Announces Extension of the Expiration Time and Settlement Date for the Previously Announced Tender Offers and Consent Solicitations for Any and All of Electronic Arts Inc.'s 1.850% Senior Notes Due 2031 and 2.950% Senior Notes Due 2051 PR Newswire
WILMINGTON, Del., June 15, 2026
, /PRNewswire/ -- Oak-Eagle AcquireCo, Inc. (the "Offeror") announced today the extension of the Expiration Time and Settlement Date for the previously announced offers to purchase for cash (each, a "Tender Offer" and, together, the "Tender Offers") any and all of Electronic Arts Inc.'s (NASDAQ: EA) (the "Company") outstanding (i) 1.850% Senior Notes due 2031 (the "2031 Notes") and (ii) 2.950% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), and solicitations of consents (each, a "Consent Solicitation" and, together, the "Consent Solicitations") from holders of the Notes (each, a "Holder" and, collectively, the "Holders") to certain proposed amendments (the "Proposed Amendments") to the indenture, dated as of February 24, 2016, as supplemented by that certain Second Supplemental Indenture, dated as of February 11, 2021, by and between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee") (the "Indenture") (such consents being solicited are each a "Consent" and, collectively, the "Consents").
The previously announced Expiration Time of 5:00 P.M., New York City time, on June 15, 2026, has been extended with respect to all Holders to 5:00 P.M., New York City time, on July 15, 2026, unless extended or earlier terminated, and the Settlement Date has been extended to July 20, 2026, unless extended or earlier terminated. The Offeror intends to extend the Expiration Time, without extending the Withdrawal Deadline (unless required by law), such that it will remain within three business days prior to the Settlement Date, which we anticipate will occur on or about the closing date of the Merger. The Withdrawal Deadline of 5:00 P.M., New York City time, on February 24, 2026 (the "Withdrawal Deadline"), is not extended and has already expired and any Notes tendered after the Withdrawal Deadline may not be withdrawn.
The Tender Offers and the Consent Solicitations are being made in connection with, and are expressly conditioned upon the closing of, the acquisition of the Company pursuant to the Agreement and Plan of Merger, dated September 28, 2025 (as it may be amended, supplemented or modified from time to time, the "Merger Agreement"), by and among the Company, the Offeror and Oak-Eagle MergerCo, Inc., a Delaware corporation and a wholly-owned subsidiary of the Offeror ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of the Offeror, in each case on and subject to the terms and conditions therein. The Offeror and Merger Sub were formed by an investor consortium consisting of The Public Investment Fund, Silver Lake and Affinity Partners, for purposes of engaging in the transactions contemplated by the Merger Agreement. The consummation of the Merger is not conditioned on the consummation of the Tender Offers and the Consent Solicitations.
The terms and conditions of the Tender Offers and Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement relating to the Notes dated as of February 10, 2026 (as amended or supplemented from time to time, the "Offer to Purchase and Consent Solicitation Statement"). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to such terms in the Offer to Purchase and Consent Solicitation Statement.
The table below outlines the approximate principal amount of the Notes validly tendered and not validly withdrawn as of the date hereof, according to information provided by Global Bondholder Services Corporation, the depositary and information agent for the Tender Offers and the Consent Solicitations (the "Depositary and Information Agent"). Any Notes validly tendered after February 24, 2026, but on or prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration set forth in the table below. The Offeror currently intends to accept all Notes tendered in the Tender Offers, subject to the satisfaction of the conditions described below.
Title of Notes
CUSIP/ISIN(1)
Outstanding
Principal
Amount
Reference
Security
Reference
Yield
Fixed
Spread
(bps)
Tender Offer
Consideration(2) (3)
Aggregate
Principal
Amount
Tendered
1.850% Senior
Notes due 2031
CUSIP:
285512AE9
ISIN:
US285512AE93
$750,000,000
3.750%
UST due
January 31,
2031
3.626 %
+0
$875.82
$68,586,000
2.950% Senior
Notes due 2051
CUSIP:
285512AF6
ISIN:
US285512AF68
$750,000,000
4.625%
UST due
November
15, 2055
4.705 %
+0
$695.96
$7,917,000
(1) The CUSIP numbers and ISINs referenced in this press release are included solely for the convenience of Holders. None of the Offeror, the Company, the Trustee, the Dealer Manager (as defined below), the Depositary and Information Agent nor their respective affiliates shall be held responsible for the selection or use of the referenced CUSIP numbers and ISINs, and no representation is made as to the correctness of any CUSIP number or ISIN on the Notes or as indicated in this press release or any other document.
(2) As defined in the Offer to Purchase and Consent Solicitation Statement. Calculated based on the Settlement Date of July 20, 2026. Subject to update pursuant to the Offer to Purchase and Consent Solicitation if the Tender Offers settle on a different date.
(3) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn after February 24, 2026, but on or prior to the Expiration Time.
General Information
The Offeror's obligations to complete each Tender Offer and Consent Solicitation are subject to and conditioned upon the following having occurred or, in the case of the General Conditions, having been waived by the Offeror with respect to such Tender Offer and Consent Solicitation, as applicable: (1) the satisfaction of the Merger Condition, and (2) the satisfaction of the General Conditions. Each Tender Offer and Consent Solicitation is a separate offer and is not conditioned on any other Tender Offer or Consent Solicitation. There can be no assurance that any of the Tender Offers or the Consent Solicitations will be consummated. The Offeror may amend, extend or terminate the Tender Offers and the Consent Solicitations, in its sole discretion.
The Offeror intends to fund the Total Consideration (including accrued and unpaid interest), plus all related fees and expenses, using proceeds from the financing transactions to fund the Merger. Notes that are tendered and accepted in the Tender Offers will cease to be outstanding and will be cancelled.
Any Notes not tendered and purchased pursuant to the Tender Offers will remain outstanding. If the requisite Consents are received with respect to a series of Notes, and the Proposed Amendments become operative with respect to the Indenture for such series of Notes, then the applicable Notes that are not purchased pursuant to the Tender Offers will be subject to the Proposed Amendments. The Proposed Amendments would amend the Indenture to eliminate certain restrictive covenants, eliminate certain events of default and modify or eliminate certain other provisions with respect to such series of Notes. The Requisite Consents have not yet been received with respect to either series of Notes.
To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Offeror currently intends to cause the Company to defease one or both series of Notes, in which case Holders of such Notes will continue to receive interest on each scheduled interest payment date and principal on the stated maturity date but will not benefit from any restrictive covenants removed pursuant to the defeasance, including the change of control repurchase obligations. The Proposed Amendments do not need to be adopted in order to defease one or both series of Notes in accordance with the terms of the Indenture. To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Company may (or the Offeror may cause the Company to) also purchase, repurchase, redeem or otherwise acquire or retire the 2031 Notes and/or the 2051 Notes by any available means, including, without limitation, negotiated transactions, open market purchases, tender offers, redemption or otherwise, upon such terms and at such prices as the Offeror or the Company may determine. Any such transaction may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Tender Offers and the Consent Solicitations and will depend on various factors existing at that time. Finally, the Company may (or the Offeror may cause the Company to) leave outstanding any Notes that remain outstanding following the consummation of the Tender Offers and the Consent Solicitations or any transaction described in this paragraph.
J.P. Morgan Securities LLC has been retained as the dealer manager in connection with the Tender Offers and as the solicitation agent in connection with the Consent Solicitations (the "Dealer Manager"). In such capacities, it may contact Holders regarding the Tender Offers and the Consent Solicitations and may request brokers, dealers, commercial banks, trust companies and other nominees to forward the Offer to Purchase and Consent Solicitation Statement and related materials to beneficial owners of Notes. Requests for documents may be directed to the Depositary and Information Agent at: +1 (855) 654 2015 or [email protected]. Questions about the Tender Offers and the Consent Solicitations may be directed to J.P. Morgan Securities LLC at (866) 834-4466 or (212) 834-3424.
This press release is for informational purposes only. The Tender Offers and the Consent Solicitations are being made solely by the Offer to Purchase and Consent Solicitation Statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The Tender Offers and the Consent Solicitations are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers or the Consent Solicitations to be made by a licensed broker or dealer, the Tender Offers and the Consent Solicitations will be deemed to be made on behalf of the Offeror by the Dealer Manager, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
None of the Offeror, the Company, the Trustee, the Depositary and Information Agent, the Dealer Manager or any of their respective affiliates makes any recommendation as to whether Holders should tender or refrain from tendering their Notes, and no person or entity has been authorized by any of them to make such a recommendation. Holders must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.
Forward-Looking Statements
This press release contains or incorporates by reference certain "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or other similar words. These forward-looking statements are only predictions. These statements relate to future events and involve known and unknown risks, uncertainties and other important factors that may cause the actual outcomes to materially differ from those expressed or implied by these forward-looking statements. New factors could emerge from time to time and it is not possible for us to predict all such factors. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as guarantees of future events. These forward-looking statements speak only as of the date made and are not guarantees of future performance of results, including the closing of the Merger and successful completion of the Tender Offers and the Consent Solicitations. The Offeror expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained or incorporated by reference herein to reflect any change in expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.
View original content:https://www.prnewswire.com/news-releases/oak-eagle-acquireco-inc-announces-extension-of-the-expiration-time-and-settlement-date-for-the-previously-announced-tender-offers-and-consent-solicitations-for-any-and-all-of-electronic-arts-incs-1-850-senior-notes-due-2031-a-302800988.html
, /PRNewswire/ -- Oak-Eagle AcquireCo, Inc. (the "Offeror") announced today the extension of the Expiration Time and Settlement Date for the previously announced offers to purchase for cash (each, a "Tender Offer" and, together, the "Tender Offers") any and all of Electronic Arts Inc.'s (NASDAQ: EA) (the "Company") outstanding (i) 1.850% Senior Notes due 2031 (the "2031 Notes") and (ii) 2.950% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), and solicitations of consents (each, a "Consent Solicitation" and, together, the "Consent Solicitations") from holders of the Notes (each, a "Holder" and, collectively, the "Holders") to certain proposed amendments (the "Proposed Amendments") to the indenture, dated as of February 24, 2016, as supplemented by that certain Second Supplemental Indenture, dated as of February 11, 2021, by and between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee") (the "Indenture") (such consents being solicited are each a "Consent" and, collectively, the "Consents").
The previously announced Expiration Time of 5:00 P.M., New York City time, on June 15, 2026, has been extended with respect to all Holders to 5:00 P.M., New York City time, on July 15, 2026, unless extended or earlier terminated, and the Settlement Date has been extended to July 20, 2026, unless extended or earlier terminated. The Offeror intends to extend the Expiration Time, without extending the Withdrawal Deadline (unless required by law), such that it will remain within three business days prior to the Settlement Date, which we anticipate will occur on or about the closing date of the Merger. The Withdrawal Deadline of 5:00 P.M., New York City time, on February 24, 2026 (the "Withdrawal Deadline"), is not extended and has already expired and any Notes tendered after the Withdrawal Deadline may not be withdrawn.
The Tender Offers and the Consent Solicitations are being made in connection with, and are expressly conditioned upon the closing of, the acquisition of the Company pursuant to the Agreement and Plan of Merger, dated September 28, 2025 (as it may be amended, supplemented or modified from time to time, the "Merger Agreement"), by and among the Company, the Offeror and Oak-Eagle MergerCo, Inc., a Delaware corporation and a wholly-owned subsidiary of the Offeror ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of the Offeror, in each case on and subject to the terms and conditions therein. The Offeror and Merger Sub were formed by an investor consortium consisting of The Public Investment Fund, Silver Lake and Affinity Partners, for purposes of engaging in the transactions contemplated by the Merger Agreement. The consummation of the Merger is not conditioned on the consummation of the Tender Offers and the Consent Solicitations.
The terms and conditions of the Tender Offers and Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement relating to the Notes dated as of February 10, 2026 (as amended or supplemented from time to time, the "Offer to Purchase and Consent Solicitation Statement"). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to such terms in the Offer to Purchase and Consent Solicitation Statement.
The table below outlines the approximate principal amount of the Notes validly tendered and not validly withdrawn as of the date hereof, according to information provided by Global Bondholder Services Corporation, the depositary and information agent for the Tender Offers and the Consent Solicitations (the "Depositary and Information Agent"). Any Notes validly tendered after February 24, 2026, but on or prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration set forth in the table below. The Offeror currently intends to accept all Notes tendered in the Tender Offers, subject to the satisfaction of the conditions described below.
Title of Notes
CUSIP/ISIN(1)
Outstanding
Principal
Amount
Reference
Security
Reference
Yield
Fixed
Spread
(bps)
Tender Offer
Consideration(2) (3)
Aggregate
Principal
Amount
Tendered
1.850% Senior
Notes due 2031
CUSIP:
285512AE9
ISIN:
US285512AE93
$750,000,000
3.750%
UST due
January 31,
2031
3.626 %
+0
$875.82
$68,586,000
2.950% Senior
Notes due 2051
CUSIP:
285512AF6
ISIN:
US285512AF68
$750,000,000
4.625%
UST due
November
15, 2055
4.705 %
+0
$695.96
$7,917,000
(1) The CUSIP numbers and ISINs referenced in this press release are included solely for the convenience of Holders. None of the Offeror, the Company, the Trustee, the Dealer Manager (as defined below), the Depositary and Information Agent nor their respective affiliates shall be held responsible for the selection or use of the referenced CUSIP numbers and ISINs, and no representation is made as to the correctness of any CUSIP number or ISIN on the Notes or as indicated in this press release or any other document.
(2) As defined in the Offer to Purchase and Consent Solicitation Statement. Calculated based on the Settlement Date of July 20, 2026. Subject to update pursuant to the Offer to Purchase and Consent Solicitation if the Tender Offers settle on a different date.
(3) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn after February 24, 2026, but on or prior to the Expiration Time.
General Information
The Offeror's obligations to complete each Tender Offer and Consent Solicitation are subject to and conditioned upon the following having occurred or, in the case of the General Conditions, having been waived by the Offeror with respect to such Tender Offer and Consent Solicitation, as applicable: (1) the satisfaction of the Merger Condition, and (2) the satisfaction of the General Conditions. Each Tender Offer and Consent Solicitation is a separate offer and is not conditioned on any other Tender Offer or Consent Solicitation. There can be no assurance that any of the Tender Offers or the Consent Solicitations will be consummated. The Offeror may amend, extend or terminate the Tender Offers and the Consent Solicitations, in its sole discretion.
The Offeror intends to fund the Total Consideration (including accrued and unpaid interest), plus all related fees and expenses, using proceeds from the financing transactions to fund the Merger. Notes that are tendered and accepted in the Tender Offers will cease to be outstanding and will be cancelled.
Any Notes not tendered and purchased pursuant to the Tender Offers will remain outstanding. If the requisite Consents are received with respect to a series of Notes, and the Proposed Amendments become operative with respect to the Indenture for such series of Notes, then the applicable Notes that are not purchased pursuant to the Tender Offers will be subject to the Proposed Amendments. The Proposed Amendments would amend the Indenture to eliminate certain restrictive covenants, eliminate certain events of default and modify or eliminate certain other provisions with respect to such series of Notes. The Requisite Consents have not yet been received with respect to either series of Notes.
To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Offeror currently intends to cause the Company to defease one or both series of Notes, in which case Holders of such Notes will continue to receive interest on each scheduled interest payment date and principal on the stated maturity date but will not benefit from any restrictive covenants removed pursuant to the defeasance, including the change of control repurchase obligations. The Proposed Amendments do not need to be adopted in order to defease one or both series of Notes in accordance with the terms of the Indenture. To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Company may (or the Offeror may cause the Company to) also purchase, repurchase, redeem or otherwise acquire or retire the 2031 Notes and/or the 2051 Notes by any available means, including, without limitation, negotiated transactions, open market purchases, tender offers, redemption or otherwise, upon such terms and at such prices as the Offeror or the Company may determine. Any such transaction may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Tender Offers and the Consent Solicitations and will depend on various factors existing at that time. Finally, the Company may (or the Offeror may cause the Company to) leave outstanding any Notes that remain outstanding following the consummation of the Tender Offers and the Consent Solicitations or any transaction described in this paragraph.
J.P. Morgan Securities LLC has been retained as the dealer manager in connection with the Tender Offers and as the solicitation agent in connection with the Consent Solicitations (the "Dealer Manager"). In such capacities, it may contact Holders regarding the Tender Offers and the Consent Solicitations and may request brokers, dealers, commercial banks, trust companies and other nominees to forward the Offer to Purchase and Consent Solicitation Statement and related materials to beneficial owners of Notes. Requests for documents may be directed to the Depositary and Information Agent at: +1 (855) 654 2015 or [email protected]. Questions about the Tender Offers and the Consent Solicitations may be directed to J.P. Morgan Securities LLC at (866) 834-4466 or (212) 834-3424.
This press release is for informational purposes only. The Tender Offers and the Consent Solicitations are being made solely by the Offer to Purchase and Consent Solicitation Statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The Tender Offers and the Consent Solicitations are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers or the Consent Solicitations to be made by a licensed broker or dealer, the Tender Offers and the Consent Solicitations will be deemed to be made on behalf of the Offeror by the Dealer Manager, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
None of the Offeror, the Company, the Trustee, the Depositary and Information Agent, the Dealer Manager or any of their respective affiliates makes any recommendation as to whether Holders should tender or refrain from tendering their Notes, and no person or entity has been authorized by any of them to make such a recommendation. Holders must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.
Forward-Looking Statements
This press release contains or incorporates by reference certain "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or other similar words. These forward-looking statements are only predictions. These statements relate to future events and involve known and unknown risks, uncertainties and other important factors that may cause the actual outcomes to materially differ from those expressed or implied by these forward-looking statements. New factors could emerge from time to time and it is not possible for us to predict all such factors. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as guarantees of future events. These forward-looking statements speak only as of the date made and are not guarantees of future performance of results, including the closing of the Merger and successful completion of the Tender Offers and the Consent Solicitations. The Offeror expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained or incorporated by reference herein to reflect any change in expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.
