$EA Electronic Arts Inc Deep Dive and 2024 Outlook

The gaming company has been range bound for years. Is it time for a breakout?

Electronic Arts Inc. EA 0.00%↑ is a leading global developer, marketer, publisher, and distributor of video games. Founded in 1982 by William M. (“Trip”) Hawkins, EA has a diverse product line that includes popular franchises such as The Sims, Command & Conquer, and EA Sports. The company has a strong presence in the technology industry, with a market capitalization of $34billion and an annual revenue of $7.66 billion as of April 2024.

EA's products are available on various platforms, including handheld and home gaming consoles, and the company has expanded its offerings to include mobile games through acquisitions such as JAMDAT Mobile and Glu Mobile. EA's technology focuses on creating engaging and interactive gaming experiences for its customers. The company’s strong commitment to digital capabilities has allowed it to better engage and retain players across platforms, geographies, and business models.

In terms of market, EA operates in a highly competitive environment, with the video game industry being reshaped by digital content and distribution. The company has responded to this shift by focusing on digital capabilities and expanding its offerings to include mobile games. The company's name was chosen to reflect its vision of treating software as an art form and recognizing the developers as "software artists".