Report
Neil Macker

EA will benefit from its renewed focus on improved game quality and the gamer experience.

Electronic Arts ended fiscal 2018 with a better-than-expected fourth quarter, as revenue and EBITDA beat consensus expectations despite the worries about competition from Fortnite. Management provided in line revenue guidance for fiscal 2019 but slightly weaker-than-expected bottom line guidance. EA also announced a $2.4 billion share repurchase authorization. We are maintaining our narrow moat rating and our fair value estimate of $103. With the shares trading in 2-star territory, we would seek...
Underlying
Electronic Arts Inc.

Electronic Arts develops, markets, publishes and distributes games, content and services that can be played and watched on a variety of platforms, including game consoles, personal computers, and mobile phones. The company markets and sells its games and services through digital distribution channels and through retail channels. Digitally, the company's console games and services can be purchased through third-party storefronts. In its games and services, the company utilizes brands that it either wholly own or license from others. The company develops and publishes games and services across genres. Within and alongside its games, the company provides live services, including in-game purchases, downloadable content, and esports.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Neil Macker

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