Electronic Arts' Q4 Earnings Preview: Here's What You Need to Know
Electronic Arts (NASDAQ: EA) is set to report fourth-quarter and fiscal-year 2021 earnings results on Tuesday, May 11. The video game developer and seller is hoping to close its fiscal year off on a strong note. The company launched some major titles in the third quarter, and those are likely to have fueled sales in the fourth quarter (covering the first three months of 2021).
Still, sales didn't surge for Electronic Arts during the pandemic in the same way they did for other at-home entertainment companies. One reason could be its reliance on new and updated franchise gaming titles to generate revenue (players get bored with an old game). That's why when the company reports fourth-quarter earnings on Tuesday, growth in net bookings will be a key metric you will want to want to focus on.
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Source Fool.com
