Electronic Arts Inc. (EA) saw its shares close lower on Tuesday despite a positive outlook presented at its Investor Day event. During the event, the company provided a detailed look at its strategic pillars, highlighting initiatives and experiences aimed at accelerating growth.
EA emphasized the role of AI in driving efficiency, expansion, and transformation within the company. The company expressed confidence in its current trajectory, indicating it is on track to meet the higher end of its net bookings guidance for the second quarter and fiscal year.
EA outlined its plans for sustained growth in EA SPORTS, specifically highlighting new business opportunities beyond traditional gaming. This includes the introduction of the EA SPORTS App, a socially driven platform designed to engage users with sports content, live sports data, interactive features, and gaming centered around global football.
Andrew Wilson, CEO of EA, expressed excitement about the opportunity to expand the company’s IP portfolio and accelerate engagement and social connection within its largest franchises. He also underscored the company’s commitment to introducing new experiences and leveraging innovative technology to reach new audiences and shape the future of entertainment.
According to Benzinga Pro, Electronic Arts shares ended Tuesday’s session down 2.68% at $142.59.
