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Electronic Arts had a particularly strong 2022 with a record number of total players and a high engagement in their games and live services, solid net bookings, and underlying profitability. New players joined titles like EA Sports FIFA, Apex Legends, and The Sims. The company also welcomed new players from their acquisitions, bringing its global network of players to more than 580 million unique active accounts. Electronic Arts generated net revenue of over $1.8 billion in the fourth quarter, e
Companies: EA EA ATVI ATVI
The dynamics of gaming industry are changing rapidly after Microsoft’s recent acquisition of Activision Blizzard for a phenomenal valuation. One would expect Activision’s rival, Electronic Arts to gain a valuation premium after this event especially given that the company’s financial performance has been decent. EA's live services across its portfolio have delivered strong recurring revenue and year-over-year growth in the previous quarter and it remains fundamentally strong. Despite a difficult
The gaming industry was one of the biggest beneficiaries of the Covid-19 pandemic which gave rise to a large community of gamers across the globe. Online gaming has continued to be an activity taking a large part of the day for the youth as well as middle aged professionals especially amidst the work-from-home culture prevailant in many organizations. Today, we are looking to analyze 2 global gaming majors on the development side - Electronic Arts and Activision Blizzard. Both these companies ha
Electronic Arts delivered a decent quarterly result with net revenue of $1.55 billion and net bookings of $1.34 billion. Its growth is mainly driven by outperformance from two premium new games – the Mass Effect Legendary Edition and It Takes Two, the second title from its partnership with Hazelight Studios. It Takes Two launched at the end of the previous quarter and performed admirably throughout the first quarter. EA’s Live services have also performed better than expected, owing to Apex Lege
Companies: ELECTRONIC ARTS (EA:NYSE)Electronic Arts Inc. (EA:NAS)
Electronic Arts has continued to display financial strength in its recent result as the company goes ahead delivering great experiences that millions of gamers across the globe. The new game launches, including Battlefield 2042 and F1 2021, acquisition of leading games like Playdemic and life services, all performed well during the quarter. It is worth highlighting that their EA Sports and FIFA franchises continue to be star performers and have maintained an excellent growth trajectory worldwide
Prior to selling to Google for $2.6 billion, Amazon and Microsoft were among companies that took interest in Looker; Facebook is no longer allowing preinstallation of its apps on Huawei phones, the latest blow for the Chinese tech giant as it struggles to keep its business afloat in the face of a US ban on its purchase of American parts and software; Google’s new gaming subscription service, Stadia, will cost $9.99 per month, giving users access to more than 30 games including titles from Electr
Companies: GOOGL META EA
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With eGaming, Virtual Reality (VR) and Augmented Reality (AR) coming of age, we have examined the gaming industry to see if it can continue its staggering market growth and if these categories are still too early stage?
Companies: GFIN KWS FDEV GMD MSFT ATVI EA UBI TTWO
Research Tree provides access to ongoing research coverage, media content and regulatory news on Electronic Arts Inc..
We currently have 14 research reports from 6
Companies: Frontier Developments Plc
Reassuring update, given still low elasticities, and FY sales guidance increased. However, we continue to keep a cautious eye on the company for the next half given consumers’ changing habits which should become tougher in the coming weeks.
Companies: Unilever PLC
Victoria has delivered record FY22 revenues and EBITDA, exceeding the minimum £970m and £155m indicated in April’s trading update. L4L revenue growth, against a Covid weakened comparative, was 19.2%, split equally between volume and price. Given the inflationary cost environment and supply chain constraints this is a highly creditable performance that demonstrates both pricing power and operational strength. The Group also made a number of enhancing acquisitions in FY22 (including the Rugs and U
Companies: Victoria PLC
Singer Capital Markets
Another good report despite some caution regarding combustibles in the coming half. New Generation Products, which are currently the main driver, continue to do very well with the 2025 targets confirmed. This is the most important thing in our opinion.
Companies: British American Tobacco p.l.c.
Better than expected demand and further strong margin performance leads to an upgrade in FY22E adjusted PBT from “no less than £8.5m” to “no less than £9.5m”. Zeus revenue forecasts increase by £1.5m (1.0%) to £157.4m and adjusted PBT forecasts (adjusted to exclude profit on the sale of freehold property and foreign exchange revaluations) increase by 12.0% to £9.5m.
Companies: Shoe Zone PLC
Companies: Frasers Group PLC
Reckitt reported estimate beating Q2/H1 22 numbers, with sales up 11.9%/8.6%, respectively, on a LFL basis, as strong momentum in Health and Nutrition was partially offset by a normalisation in Hygiene.
The H1 adjusted operating margin expanded by 290bps, which is noteworthy within the context of an inflationary environment.
Following the strong H1, Reckitt upgraded its FY22 guidance. We expect a mid-to-high single digit upgrade to our estimates.
Companies: Reckitt Benckiser Group plc
Companies: ATOM DSCV PPC TWD
James Halstead is a manufacturer and international distributor of commercial floor coverings. The group has this morning released a full year update, pointing to a continuation of the trends previously reported, in other words positive demand offset by margin pressures. Revenue in the year is reported to have moved 9-10% higher, which was set against the various logistical and inflationary challenges presented and management deliberately choosing to invest in stock to ensure demand can be met in
Companies: James Halstead plc
In a positive Q1 update, discoverIE has detailed Q1 sales were up +27% on last year (+17% organically). The strong organic growth reported in FY 2022 has continued into this year and underlying earnings are ahead of the Board’s expectations. Orders were stronger than expected, with a book-to-bill of 1.09, and the order book at June 2022 was a record £240m, up from £224m at the start of the quarter. The order book is up +40% organically over the last 12 months. Gross margins continue to be resili
Companies: discoverIE Group PLC
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Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports to over 40 count
Companies: TYM SOLI SYM AFN JOUL MIO SRB
Companies: Made.com Group PLC
Companies: MJ Gleeson PLC
Companies: Joules Group Plc
Sanderson Design Group has reported a resilient H1 trading performance for the six months to 31 July, with group sales up 1% on a reported basis. Strong performances were delivered by the Morris & Co brand, Licensing, and in the US market, all of which delivered superior margins. Adjusted underlying H1 profit before tax is expected to be in line with Board expectations, as is full-year trading currently, notwithstanding ongoing market and consumer uncertainties in an inflationary global environm
Companies: Sanderson Design Group PLC
Progressive Equity Research