Here's Why Electronic Arts Shares Are Rising Today

Electronic Arts Inc. EA shares are trading higher by 3.51% to $133.41 Wednesday afternoon following the company's first-quarter earnings report. The company ended the quarter with 600 million active accounts and reported a 22% year-over-year increase in net bookings for the trailing 12 months.

So What Happened?

Electronic Arts reported first-quarter revenue of $1.767 billion, a 13.9% year-over-year increase. Revenue came in ahead of the analyst consensus estimate of $1.26 billion.

“EA delivered strong results in Q1 with our growing player network deeply engaged in new games and live services,” CEO Andrew Wilson said. “Our expanding EA Sports portfolio and owned IP franchises continue to power resilience and longevity in our business.”... Read More

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According to data from Benzinga Pro, EA has a 52-week high of $147.76 and a 52-week low of $109.24.