(AOF) – Electronic Arts (EA) reported adjusted earnings per share of $1.37 for the fourth quarter, compared to $1.52 for the prior year and reported annual revenue below estimates of Wall Street, due to weak spending on its flagship securities. The video game publisher’s net revenues amounted to $7.562 billion, up 2% year-on-year. The board of directors authorized a new three-year, $5 billion stock repurchase program.
EA also announced a quarterly cash dividend of 0.19 cents per common share. The dividend will be payable on June 19.
The American firm forecasts revenue for the 2025 financial year of between $7.30 and $7.70 billion, compared to a forecast of $7.76 billion.
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The launch by Amazon of its “cloud gaming” offer in France highlights the diversity of approaches in this market segment.
If this niche currently represents only 1% to 4% of the total video games market, its activity should be multiplied by 3 or 4 in the three years to come. Focusing on this sector, Amazon has deployed its associated service in France, after targeting the United States, Canada, Germany and the United Kingdom. In order to make its Prime offer, at the heart of its economic model, more attractive, Amazon will make this service, called “Luna”, accessible to subscribers. However, the lack of depth of the catalog could penalize the development of this offer. This was the case for Google, which withdrew from this niche last year, after three years of operation.