REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today, in celebration of Women’s History Month, EA SPORTS FC announced a new sponsorship deal with long-standing partners UEFA, to become title partners of their Women In Football Leadership Programme (WFLP). Now in its tenth year, the WFLP is an annual week-long programme, supported by the IMD Business School, aimed at advancing the careers of women capable of influencing the football industry, both today and in the future. The programme has been running since 2014, ...

The U.S. videogame industry has been trying to stage a rebound that saw sales rise in 2023, and the momentum continues this year. Cooling inflation and easing price pressure are helping consumers spend more on discretionary items lately, giving a boost to videogame sales.According to a report from the Entertainment Software Association and Circana, spending on videogames in the United States totaled $57.2 billion in 2023, up from $56.6 billion in 2022. This included sales across all categories including phy ...

Electronic Arts Inc. (NASDAQ:EA) Morgan Stanley Technology, Media & Telecom Conference March 6, 2024 3:35 PM ET Company Participants Andrew Wilson - CEO Conference Call Participants Matt Cost - Morgan Stanley Matt Cost Hello, everyone. Thanks for being here. My name is Matt Cost from Morgan Stanley U.S. Internet team. Thrilled to be joined by Andrew Wilson, the CEO of EA. Thank you so much for being here. Andrew Wilson Thanks for having me. Matt Cost I have to quickly go through the disclosures. Please no ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years. The video game maker said in a regulatory filing that its board approved a restructuring plan that includes th ...

A month has gone by since the last earnings report for Electronic Arts (EA) . Shares have added about 1.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Electronic Arts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Electronic Arts' Q3 Earnings and Revenues Ris ...

Gaming giant Electronic Arts is Inc reducing its workforce by 5% as part of a broader restructuring plan to limit costs across the company’s operations. According to the latest numbers published in May 2023, EA employs 16,400, meaning around 670 employees will be laid off. EA is expected to incur between $125 million and $165 million in total charges in connection with the restructuring. In a letter to employees, chief executive Andrew Wilson announced that EA will also be “sunsetting games” while “moving a ...

Electronic Arts, which makes such games as Madden NFL and Apex Legends, said today that it plans to lay off five percent of its employees and will discontinue work on several games. The announcement continues the ongoing downsizing in the gaming and tech space, a development that has seen thousands of jobs lost. EA said the layoffs are part of a broader restructuring aimed at supporting “strategic priorities and growth initiatives,” according to a Tuesday securities filing. EA said in that document that i ...

Videogame maker Electronic Arts Inc. said Wednesday it will cut about 5% of its workforce and plans to cancel some games in development.In a letter to employees, Chief Executive Andrew Wilson said “we are streamlining our company operations to deliver deeper, more connected experiences for fans.”He said the layoffs will affect about 5% of the company’s global workforce, which would be around 670 people, based on a staff of 13,400 as of last March, according to an SEC filing. “We are also sunsetting games an ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today Electronic Arts Inc. (NASDAQ: EA) announced that F1® 23 players can jump into Time Trial challenges with selected all-new 2024 team cars prior to this weekend’s opening race by pre-ordering* F1® 24^, coming May 31 across PlayStation®5, Xbox Series X|S, PlayStation®4, Xbox One, and PC, via EA App, Epic Games Store, and Steam. For a time-limited period, a new loyalty program rewards drivers who own any of F1® 2021, F1® 22, or F1® 23 with a 15% discount when they pr ...

Electronic Arts Inc. has finally revealed how much it will pay college athletes to appear in its highly anticipated upcoming videogame “EA Sports College Football 25.”A total of 11,390 college-football players from 134 FBS schools will be eligible to receive $600 each for their name, image and likeness (NIL) to appear in the game, no matter if they are the star quarterback or a backup defensive lineman on their team. Players will also get a free copy of the game from EA Sports, Electronics Arts’s EA, +1.91% ...