Electronic Arts Posts Mixed Fiscal Second Quarter; Battlefield 1 and Titanfall 2 Strong Starts
Electronic Arts posted a mixed fiscal 2017 second quarter as the company missed its guidance on revenue but beat expectations for EBITDA. Management increased its fiscal 2017 guidance slightly to account for the first-half beat on the bottom line. We maintain our narrow moat rating and our fair value estimate of $78. With the shares still trading in 3-star territory, we would seek a wider margin of safety before investing in this high uncertainty name.Net revenue of $898 million (up 10% year ov...
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.
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.
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