에 대한 최신 뉴스 Electronic Arts (NASDAQ:EA) 주식

Electronic Arts

EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.

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Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is steering away from its traditional game release model, officially confirming that there will be <a href="https://www.benzinga.com/general/gaming/23/09/34544442/ea-drops-a-game-changer-the-sims-5-to-launch-as-free-download">no Sims 5. </a>
Instead, the company is doubling down on The Sims 4, continuing to expand the game while introducing new projects within the franchise. EA revealed this shift during its Investor Day 2024 event, as <a href="https://www.gamesindustry.biz/ea-to-disrupt-the-sequel-model-by-dropping-sequential-release-for-the-sims">reported</a> by GamesIndustry.biz.
EA's President of Entertainment and Technology, Laura Miele, made it clear that the company is &#8220;disrupting the sequel model&#8221; in favor of a more expansive vision. 
See Also: <a href="https://www.benzinga.com/general/entertainment/24/05/39120277/paving-the-way-for-microtransactions-the-sims-4-introduces-controversial-battle-pass-style-">Paving The Way For Microtransactions? The Sims 4 Introduces Controversial Battle Pass-Style Events</a>
"Traditionally, after every release we would replace one version with another, starting from scratch. Well, we are going to disrupt the sequel model. We are investing in a massive Sims platform," she said.
<h3 class="wp-block-heading">Project Rene And The Future Of The Sims Universe</h3>
While The Sims 5 has been scrapped, EA assured fans that the previously announced Project Rene is still in development, with a closed multiplayer test slated for this autumn. Though Project Rene had initially been speculated to be the next Sims installment, it's now positioned as part of what EA calls &#8220;The Sims universe.&#8221; 
"The Sims 4 will be the foundation of our future growth strategy," Miele elaborated. "It will carry forward the tremendous engagement and volumes of content." 
She also noted that EA would be updating the game&#8217;s core technology while continuing to release fresh and engaging content. 
<h3 class="wp-block-heading">The Sims Movie In Development</h3>
Moreover, fans of The Sims will soon have more than just gameplay to look forward to. EA has officially confirmed that a <a href="https://www.benzinga.com/general/entertainment/24/03/37883653/margot-robbie-smashed-the-box-office-with-barbie-now-shes-set-to-bring-bestselling-video-ga">film adaptation of The Sims is in the works</a>, in partnership with Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon MGM Studios. 
Margot Robbie's production company, LuckyChap, will produce the film, with Kate Herron, known for her work on Loki, set to direct.
EA's Vice President and General Manager of The Sims, Kate Gorman, promised that the film would provide an &#8220;authentic Sims experience.&#8221; 
In an <a href="https://variety.com/2024/film/news/the-sims-movie-plot-details-amazon-ea-margot-robbie-1236142126/">interview </a>with Variety, Gorman said: &#8220;What we want is to have a truly authentic Sims experience brought to a theatrical release.&#8221; 
&#8220;We wanted the right partners, and to make an impact the size of something like a Barbie movie is exactly what we want,&#8221; she added.
The movie will feature plenty of Easter eggs for longtime fans, including the recurring &#8220;Freezer Bunnies&#8221; and possibly a pool without a ladder. W
On the possibility of the movie being entirely in the game's fictional language, Simlish, Gorman responded positively to the idea, calling it "fun" and noting that it's "something we'll definitely talk about."
<h3 class="wp-block-heading">AI At The Core Of EA&#8217;s Future</h3>
In addition to expanding the Sims universe, EA also revealed its increasing reliance on artificial intelligence (AI) to enhance its game development process, Eurogamer <a href="https://www.eurogamer.net/ai-is-the-very-core-of-our-business-says-ea-ceo">reported.</a>
CEO Andrew Wilson stated that AI is &#8220;the very core of our business,&#8221; noting that EA currently has over 100 &#8220;active novel AI projects&#8221; to support and streamline game development.
Wilson highlighted how AI is being used across three categories: efficiency, expansion, and transformation. The company aims to create deeper, more intelligent characters and storylines, while also using AI to enhance the player experience. 
For example, The Sims' forthcoming central platform will use AI to allow players to search for in-game assets through photos rather than text, adding a layer of personalization to the gameplay.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/40027903/is-ai-in-gaming-overhyped-cloud-executive-for-tech-giant-weighs-in-large-scale-application-will-">Is AI In Gaming Overhyped? Cloud Executive For Tech Giant Weighs In: &#8216;Large-Scale Application Will Still Take Some Time&#8217;</a></li>
</ul>
Image: Shutterstock

General

AMZN

No Sims 5? EA Focuses On Sims 4 Expansion, AI Projects, Margot Robbie Movie

During the last three months, 22 analysts shared their evaluations of Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $161.77, a high estimate of $183.00, and a low estimate of $150.00. This current average reflects an increase of 5.77% from the previous average price target of $152.95. 
<img src="https://www.benzinga.com/files/images/story/2024/1726682419_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of Electronic Arts's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Benjamin Soff</td>
<td>Deutsche Bank</td>
<td>Maintains</td>
<td>Hold</td>
<td>$160.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$163.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Doug Creutz</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$183.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Omar Dessouky</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$170.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$163.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Andrew Marok</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$167.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$155.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$154.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Eric Handler</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$152.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$150.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$153.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Martin Yang</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>David Karnovsky</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$155.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Jason Bazinet</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$161.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Timothy O'Shea</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$163.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Martin Yang</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Electronic Arts. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Electronic Arts compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Electronic Arts's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Electronic Arts's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/EA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Electronic Arts analyst ratings.</a>
<h2>Get to Know Electronic Arts Better</h2>
EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.
<h3>A Deep Dive into Electronic Arts's Financials</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Electronic Arts's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -13.72%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Electronic Arts's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 16.87%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Electronic Arts's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.76% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Electronic Arts's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 2.14%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Electronic Arts's debt-to-equity ratio is below the industry average. With a ratio of 0.26, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Where Electronic Arts Stands With Analysts

Morgan Stanley analyst Brian Nowak maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Equal-Weight and maintains $150 price target.

Price Target

Morgan Stanley Maintains Equal-Weight on Electronic Arts, Maintains $150 Price Target

Deutsche Bank analyst Benjamin Soff maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Hold and maintains $160 price target.

Deutsche Bank Maintains Hold on Electronic Arts, Maintains $160 Price Target

The Nasdaq 100 closed slightly higher during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Wynn Resorts</h3>
<ul>
<li>The Trade: Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) Director Patricia Mulroy <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,650 shares</a> at an average price of $78.73. The insider received around $208,635 from selling those shares.</li>
<li>What's Happening: On Sept. 10, Wynn Resorts priced its $800 million private offering of Wynn Resorts Finance 6.250% Senior Notes due 2033.</li>
<li>What Wynn Resorts Does: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1">latest WYNN news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="811" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135.png" alt="" class="wp-image-553397" style="width:711px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135-300x268.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135-768x687.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Dropbox</h3>
<ul>
<li>The Trade: Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) CFO Timothy Regan sold a total of 3,300 shares at an average price of $24.51. The insider received around $80,875 from selling those shares.</li>
<li>What's Happening: On Aug. 8, Dropbox reported better-than-expected second-quarter financial results.</li>
<li>What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"> trend in DBX stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136.png" alt="" class="wp-image-553400" style="width:681px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136-768x705.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Coinbase Global</h3>
<ul>
<li>The Trade: Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) President and COO Emilie Choi <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $162.24. The insider received around $243,360 from selling those shares.</li>
<li>What's Happening: On Sept. 12, Coinbase announced the launch of Coinbase Wrapped BTC (cbBTC), a new ERC20 token backed 1:1 by Bitcoin held in Coinbase&#8217;s custody to bridge Bitcoin to Ethereum and base networks.</li>
<li>What Coinbase Global Does: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in COIN shares. </li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/7a39fc5d-9ef8-4c8f-9ad8-315defc8c4aa" alt="" style="width:679px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Electronic Arts</h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EVP, Global Affairs and CLO Jacob J. Schatz <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $146.58. The insider received around $219,870 from selling those shares.</li>
<li>What's Happening: On Sept. 17, Electronic Arts outlined its long-term growth strategy at its Investor Day event.</li>
<li>What Electronic Arts Does: EA is one of the world&#8217;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. </li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1">EA&#8217;s earnings reports. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="878" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138.png" alt="" class="wp-image-553413" style="width:668px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138-300x286.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138-768x733.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
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Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling

Benchmark analyst Mike Hickey reiterates Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Buy and maintains $163 price target.

Reiteration

Benchmark Reiterates Buy on Electronic Arts, Maintains $163 Price Target

Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) closed lower Tuesday after the company outlined its long-term growth strategy at <a href="https://www.benzinga.com/pressreleases/24/09/b40908084/electronic-arts-outlines-long-term-growth-strategy-at-investor-day">its Investor Day event. </a>
The Details: EA shared an in-depth look at the initiatives and experiences driving its strategic pillars to accelerate growth and outlined how AI drives efficiency, expansion and transformation at EA. The company said it is on track toward the high end of the net bookings guidance for the second quarter and fiscal year. 
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40888466/what-happened-with-microstrategy-stock-today">What Happened With MicroStrategy Stock Today?</a>
EA said it expects sustained growth in EA SPORTS and outlined plans for new business opportunities beyond gaming, including the EA SPORTS App. It described the EA SPORTS App as socially driven with sports content, live sports data, interactivity and gaming centered on global football. 
"We are excited to unveil an in-depth look inside the growing scale and scope of our IP portfolio, as we accelerate engagement and social connection in and around our biggest franchises,&#8221; said Andrew Wilson, CEO of EA.
&#8220;We are also introducing new experiences and leveraging innovative technology to serve our global communities and attract new audiences, as we continue to transform our business and shape the future of entertainment,&#8221; Wilson added.&nbsp;
EA Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Electronic Arts shares ended Tuesday's session down 2.68% at $142.59.&nbsp;&nbsp;
Read Also:
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<li><a href="https://www.benzinga.com/news/24/09/40887805/whats-going-on-with-tupperware-brands-stock">What&#8217;s Going On With Tupperware Brands Stock?</a></li>
</ul>
Photo: Shutterstock

Movers

What Happened With Electronic Arts Stock Today?

Guidance

Electronic Arts Expects American Football Business To Generate $1B In Net Bookings For Fiscal Year 2025

EA expects to outpace market growth and drive margin expansion through fiscal year 2027
Outlines strategy to double global audience to well over a billion people over the next five years
Debuts EA SPORTS&#x2122; App focused on connected, interactive entertainment beyond gaming
Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) hosted its Investor Day event to share EA's long-term growth strategy and provided an in-depth look at the initiatives driving its three strategic pillars - entertaining and engaging massive online communities; creating blockbuster interactive storytelling; and harnessing the power of community to accelerate growth in, around, and beyond our games.
"We are excited to unveil an in-depth look inside the growing scale and scope of our IP portfolio, as we accelerate engagement and social connection in and around our biggest franchises," said Andrew Wilson, CEO of EA. "We are also introducing new experiences and leveraging innovative technology to serve our global communities and attract new audiences, as we continue to transform our business and shape the future of entertainment."
"We are committed to growing our business at scale and expanding operating margins through a disciplined approach to capital allocation," said Stuart Canfield, CFO of EA. "Our strategy gives us confidence we can significantly outpace market growth through fiscal 2027."
Investor Day Highlights:
<ul>
<li>EA shared an in-depth look at the initiatives and experiences driving its strategic pillars to accelerate growth in, around, and beyond gaming;</li>
<li>Outlined how AI drives efficiency, expansion, and transformation to accelerate its business;</li>
<li>Expects sustained growth in EA SPORTS&#x2122; and shared its aspiration to be the most valuable sports business;</li>
<li>Announced a modern day next-level Battlefield&#x2122; experience, with a community testing program coming in early 2025;</li>
<li>Investing behind The Sims&#x2122; platform and expects to more than double The Sims annual net bookings1 over the next five years; announced partnership with Amazon MGM Studios on a movie based on The Sims;</li>
<li>Outlined plans to unlock net-new business opportunities beyond gaming, starting with the EA SPORTS App - a socially-driven app, with sports content, live sports data, interactivity and gaming centered on global football;
<ul>
<li>Updated that the company is on track towards the high end of the net bookings1 guidance, provided on July 30, 2024, for the second fiscal quarter ending September 30, 2024 and the fiscal year ending March 31, 2025.</li>
</ul>
</li>
</ul>

Electronic Arts Outlines Long-Term Growth Strategy At Investor Day; Expects To Outpace Market Growth And Drive Margin Expansion Through Fiscal Year 2027; On Track Towards The High End Of The Net Bookings Guidance, Provided On July 30, 2024, For Q2 Ending September 30, 2024 And The Fiscal Year Ending March 31, 2025

Electronic Arts Unveils New "Battlefield" Title With Play Testing Launching Next Year, Announces "The Sims" Film In Partnership With Amazon MGM Studios, And Expects To Double Annual Bookings For "The Sims" Over Five Years; "EA Sports" App To Soft-Launch In Spain This Fall Combining Sports Content, Live Data, And Social Messaging

Electronic Arts Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EA Sports has officially<a href="https://www.ea.com/en/games/ea-sports-fc/fc-25/news/pitch-notes-fc-25-football-ultimate-team-launch-update"> confirmed</a> the release schedule for EA Sports FC 25, the latest entry in its renowned <a href="https://www.benzinga.com/general/gaming/24/02/37292071/game-on-or-sellout-this-is-how-much-ea-sports-offers-college-football-players-for-their-likeness">football series</a>. 
With the early access launch scheduled for Sept. 20, followed by a global release on Sept. 27, players worldwide can soon experience new features on PlayStation 4, PlayStation 5, Xbox One, Xbox Series X&#x7C;S, PC, and Nintendo Switch.
<h3 class="wp-block-heading">Early Access Begins Sept. 20</h3>
For players who pre-ordered the Ultimate Edition of FC 25, early access begins at midnight local time on September 20 across most consoles, allowing an exclusive preview before the global launch. 
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/40051832/electronic-arts-q1-earnings-highlights-college-football-madden-soccer-video-games-building-momentum">Electronic Arts Q1 Earnings Highlights: College Football, Madden, Soccer Video Games &#8216;Building Momentum For FY25 And Beyond&#8217;</a>
On PC, early access starts at 5 a.m. UK time on the same day, giving EA Play members up to 10 hours of gameplay, while EA Play Pro members (PC only) enjoy unlimited early access.
EA Sports also confirmed the return of the popular FC 25 Companion &amp; Web App, which launches on Sept. 19. Players can start building their Ultimate Team online before accessing the refreshed Companion App on September 20. EA Sports teased additional bonuses for players returning from Ultimate Team 24, though specific details remain under wraps.
<h3 class="wp-block-heading">Global Early Unlock Release Times Across Major Cities (Console)</h3>
<ul>
<li>Los Angeles: 12 a.m.</li>
<li>Austin: 12 a.m.</li>
<li>Bogota: 12 a.m.</li>
<li>New York: 12 a.m.</li>
<li>Brasilia: 12 a.m.</li>
<li>London: 12 a.m.</li>
<li>Paris: 12 a.m.</li>
<li>Cape Town: 12 a.m.</li>
<li>Cairo: 12 a.m.</li>
<li>Moscow: 12 a.m.</li>
<li>Riyadh: 12 a.m.</li>
<li>Muscat: 12 a.m.</li>
<li>Beijing: 12 a.m.</li>
<li>Singapore: 12 a.m.</li>
<li>Seoul: 12 a.m.</li>
<li>Tokyo: 12 a.m.</li>
<li>Sydney: 12 a.m.</li>
<li>Auckland: 12 a.m.</li>
</ul>
<h3 class="wp-block-heading">Early Unlock Release Times For PC </h3>
<ul>
<li>Los Angeles: 9 p.m., September 19</li>
<li>Austin: 11 p.m., September 19</li>
<li>Bogota: 11 p.m., September 19</li>
<li>New York: 12 a.m., September 20</li>
<li>Brasilia: 1 a.m., September 20</li>
<li>London: 5 a.m., September 20</li>
<li>Paris: 6 a.m., September 20</li>
<li>Cape Town: 6 a.m., September 20</li>
<li>Cairo: 7 a.m., September 20</li>
<li>Moscow: 7 a.m., September 20</li>
<li>Riyadh: 7 a.m., September 20</li>
<li>Muscat: 8 a.m., September 20</li>
<li>Beijing: 12 p.m., September 20</li>
<li>Singapore: 12 p.m., September 20</li>
<li>Seoul: 1 p.m., September 20</li>
<li>Tokyo: 1 p.m., September 20</li>
<li>Sydney: 2 p.m., September 20</li>
<li>Auckland: 4 p.m., September 20</li>
</ul>
<h3 class="wp-block-heading">Global Release On September 27</h3>
After the early access period, the worldwide release of FC 25 will follow on Sept. 27. As with early access, the global rollout will start at midnight local time for consoles, and at 5 a.m. UK time for PC players. Here's the breakdown of the global release times:
Global Console Release Times For FC 25 
<ul>
<li>Los Angeles: 12 a.m.</li>
<li>Austin: 12 a.m.</li>
<li>Bogota: 12 a.m.</li>
<li>New York: 12 a.m.</li>
<li>Brasilia: 12 a.m.</li>
<li>London: 12 a.m.</li>
<li>Paris: 12 a.m.</li>
<li>Cape Town: 12 a.m.</li>
<li>Cairo: 12 a.m.</li>
<li>Moscow: 12 a.m.</li>
<li>Riyadh: 12 a.m.</li>
<li>Muscat: 12 a.m.</li>
<li>Beijing: 12 a.m.</li>
<li>Singapore: 12 a.m.</li>
<li>Seoul: 12 a.m.</li>
<li>Tokyo: 12 a.m.</li>
<li>Sydney: 12 a.m.</li>
<li>Auckland: 12 a.m.</li>
</ul>
Global PC Release Times For FC 25 
<ul>
<li>Los Angeles: 9 p.m., September 26</li>
<li>Austin: 11 p.m., September 26</li>
<li>Bogota: 11 p.m., September 26</li>
<li>New York: 12 a.m., September 27</li>
<li>Brasilia: 1 a.m., September 27</li>
<li>London: 5 a.m., September 27</li>
<li>Paris: 6 a.m., September 27</li>
<li>Cape Town: 6 a.m., September 27</li>
<li>Cairo: 7 a.m., September 27</li>
<li>Moscow: 7 a.m., September 27</li>
<li>Riyadh: 7 a.m., September 27</li>
<li>Muscat: 8 a.m., September 27</li>
<li>Beijing: 12 p.m., September 27</li>
<li>Singapore: 12 p.m., September 27</li>
<li>Seoul: 1 p.m., September 27</li>
<li>Tokyo: 1 p.m., September 27</li>
<li>Sydney: 2 p.m., September 27</li>
<li>Auckland: 4 p.m., September 27</li>
</ul>
<h3 class="wp-block-heading">New Features And Enhancements in FC 25</h3>
FC 25 brings several first-time features to the franchise, starting with ray tracing technology. The addition of ray tracing marks a significant visual upgrade, delivering more realistic lighting, shadows, and reflections. 
Players can select between Enhanced Visuals, which upscales graphics to 4K resolution with augmented lighting, and Favour Resolution, which prioritizes native 4K with standard lighting. Both modes run at a consistent 60 frames per second during gameplay to ensure a smooth experience.
Another major innovation in FC 25 is time progression during matches, where lighting conditions evolve as the game progresses, adding to the realism. 
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</ul>
Image courtesy of EA Sports.

EA Sports FC 25: When And Where To Play Early Access, Global Launch Times

Electronic Arts Expects To Double Global Audience To Over 1B People In The Next Five Years

According to investors and recent financial reports, the technology sector is experiencing broad weakness despite the buzz around artificial intelligence (AI). Many companies are still struggling with <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40767784/nvidia-microsofts-ai-rally-hides-tech-sectors-underlying-weakness-warn-experts-ther" rel="noreferrer noopener">the recession that started in 2022</a>.
Gaming, Streaming Platform &amp; TV
Seven of the gaming industry&#8217;s biggest names—Epic Games, Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Activision Blizzard, Mojang Studios,&nbsp;Tencent Holding Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Supercell, and UbiSoft Entertainment Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UBSFF#OTC">UBSFF</a>) —are facing new accusations from the European Consumer Organisation (BEUC) of deceiving players into <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40843191/epic-ea-ubisoft-face-accusations-of-deceit-over-in-game-purchases-eu-complaint-filed" rel="noreferrer noopener">overspending on&nbsp;in-game purchases</a>.
UbiSoft faces pressure from a minority shareholder to go private following the <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40801168/ubisoft-is-mismanaged-shareholders-are-hostages-investor-demands-video-game-company-go-private-aft" rel="noreferrer noopener">release of&nbsp;Star Wars Outlaws</a>.
Martyn Ware, co-founder of the synth-pop band Heaven 17, has publicly rejected an offer from&nbsp;Take-Two Interactive Software, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) Rockstar Games to license the group&#8217;s hit song &#8220;Temptation&#8221; in <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40779329/grand-theft-auto-6-licensing-dispute-martyn-ware-slams-rockstars-extremely-low-7-500-offer" rel="noreferrer noopener">the upcoming&nbsp;Grand Theft Auto 6 (GTA 6)</a>.
Netflix Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)&nbsp;mobile gaming catalog has surpassed 210 million downloads, marking a notable milestone in the streaming company&#8217;s <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40802898/netflix-games-hit-210m-downloads-which-game-took-the-no-1-spot" rel="noreferrer noopener">expansion into the&nbsp;gaming industry</a>.
Microsoft recent overhaul of Xbox Game Pass has brought significant changes to the subscription service, impacting how gamers access <a target="_blank" href="https://www.benzinga.com/24/09/40840369/microsofts-new-xbox-game-pass-tiers-which-games-will-you-lose" rel="noreferrer noopener">some of the industry&#8217;s&nbsp;anticipated titles</a>.
Pay-TV provider DirecTV lodged a complaint against Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)&nbsp;with the&nbsp;Federal Communications Commission, accusing <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40765624/disney-accused-of-bad-faith-negotiations-by-directv-in-fcc-complaint-ahead-of-trump-harris-" rel="noreferrer noopener">the mouse house of &#8220;bad faith&#8221; negotiations</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40808078/directv-and-disneys-couldnt-even-agree-on-bringing-abc-temporarily-back-for-the-trump-harris-debate" rel="noreferrer noopener">DirecTV And Disney&#8217;s Couldn&#8217;t Even Agree On Bringing ABC Temporarily Back For The Trump-Harris Debate</a>
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) introduced the&nbsp;iPhone 16&nbsp;series, which is &#8220;designed for Apple <a target="_blank" href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri" rel="noreferrer noopener">Intelligence from the ground up,&#8221;</a>
The&nbsp;iPhone 16&nbsp;series will be powered by&nbsp;ARM&nbsp;Holdings&#8217; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) latest chip technology, <a target="_blank" href="https://www.benzinga.com/news/24/09/40766753/iphone-16-to-feature-arms-next-gen-ai-chip-technology-what-you-should-know-about-apples-move" rel="noreferrer noopener">designed to improve AI capabilities</a>.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/09/40767418/iphone-16-series-production-data-unveiled-by-top-apple-analyst-9m-to-16m-units-shipments-for-august" rel="noreferrer noopener">iPhone 16 Series Production Data Unveiled By Top Apple Analyst: 9M To 16M Units Shipments For August And September Expected</a>
Apple&nbsp;has commenced the production of its newly launched iPhone 16 series in India, reflecting <a target="_blank" href="https://www.benzinga.com/news/24/09/40826717/apples-iphone-production-move-to-india-signals-broader-tech-exodus-from-china-with-microsoft-and-ama" rel="noreferrer noopener">a broader trend among tech giants</a>.
Apple unveiled the Apple Watch Series 10, featuring <a target="_blank" href="https://www.benzinga.com/news/24/09/40779019/apple-watch-series-10-announced-with-larger-display-thinner-design" rel="noreferrer noopener">a larger display and thinner design</a>. The company also announced the AirPods 4, with the price starting at $129, while the <a target="_blank" href="https://www.benzinga.com/news/24/09/40779374/apple-announces-airpods-4-with-wireless-charging-along-with-a-new-anc-variant-prices-start-at-129" rel="noreferrer noopener">AirPods 4 ANC is priced at $179</a>.
Apple is reportedly in discussions with&nbsp;Micron, Tata Group and other Indian chip manufacturers to procure <a target="_blank" href="https://www.benzinga.com/news/24/09/40785446/apple-in-talks-with-micron-tata-group-to-secure-india-made-chips-for-locally-made-iphones" rel="noreferrer noopener">semiconductors for its locally-produced&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40785446/apple-in-talks-with-micron-tata-group-to-secure-india-made-chips-for-locally-made-iphones" rel="noreferrer noopener">iPhones</a>.
Chinese tech heavyweight&nbsp;Huawei Technologies&#8217;&nbsp;newest tri-fold smartphone, the&nbsp;Mate XT, attracted 1.3 million orders <a target="_blank" href="https://www.benzinga.com/news/24/09/40765746/apples-iphone-16-launch-parade-on-monday-gets-rained-on-by-huawei-chinese-companys-tri-fold-phone-ge" rel="noreferrer noopener">within seven hours of opening reservations</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40765900/apple-watch-ultra-3-announcement-unlikely-at-mondays-glowtime-event-says-top-analyst-i-also-wouldnt" rel="noreferrer noopener">Apple Watch Ultra 3 Announcement Unlikely At Monday&#8217;s &#8216;Glowtime&#8217; Event, Says Top Analyst: &#8216;I Also Wouldn&#8217;t Rule Out…&#8217;</a>
Apple seems to have silently phased out its controversial FineWoven iPhone cases, as they are no longer <a target="_blank" href="https://www.benzinga.com/news/24/09/40809459/apple-quietly-phases-out-categorically-terrible-finewoven-iphone-cases-report" rel="noreferrer noopener">available on the company's website</a>.
Technology
Meta Platforms, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;Snap&nbsp;Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), and&nbsp;ByteDance-owned&nbsp;TikTok have announced a joint initiative to combat&nbsp;the spread of <a target="_blank" href="https://www.benzinga.com/news/24/09/40846628/meta-snap-and-tiktok-come-together-to-combat-suicide-and-self-harm-content-online-will-share-signals" rel="noreferrer noopener">suicide and&nbsp;self-harm content online</a>.
In a strategic move to enhance its product offerings,&nbsp;Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is reportedly contemplating the acquisition of certain <a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">segments of&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">Intel Corp. </a><a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</a>.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rival&nbsp;Groq&nbsp;announced on Tuesday that it will deploy AI in Saudi Arabia in 2024, in partnership with&nbsp;Aramco Digital, at the ongoing Global <a target="_blank" href="https://www.benzinga.com/news/24/09/40796193/groq-to-deploy-ai-in-saudi-arabia-with-aramco-aims-to-match-2023-microsoft-openai-capacity-by-2025" rel="noreferrer noopener">AI Summit (GAIN) in Riyadh, Saudi Arabia</a>.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary&nbsp;Google&nbsp;underscored the importance of empowering users with fact-check tools amid the rising use of AI, at the third edition of the Global AI Summit <a target="_blank" href="https://www.benzinga.com/news/24/09/40788721/google-underscores-importance-of-empowering-users-with-fact-check-tools-amid-rising-use-of-ai" rel="noreferrer noopener">(GAIN) in Riyadh, Saudi Arabia</a>.
In response to a global IT outage triggered by a faulty software update,&nbsp;Microsoft has announced <a target="_blank" href="https://www.benzinga.com//node/40791329" rel="noreferrer noopener">plans to host a cybersecurity summit</a>.
Microsoft has reportedly laid off 650 employees in its gaming division, months after the company laid off 1,900 employees following its&nbsp;$68.7 <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40829756/microsoft-cuts-650-xbox-jobs-amid-restructuring-following-activision-blizzard-deal-report" rel="noreferrer noopener">billion acquisition&nbsp;of&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40829756/microsoft-cuts-650-xbox-jobs-amid-restructuring-following-activision-blizzard-deal-report" rel="noreferrer noopener">Activision Blizzard</a>.
Samsung Electronics&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) instructed its global subsidiaries to decrease sales and marketing staff by around 15% <a target="_blank" href="https://www.benzinga.com/news/24/09/40812318/samsung-to-reportedly-slash-global-workforce-by-up-to-30-in-certain-divisions-amid-intense-competiti" rel="noreferrer noopener">and administrative staff by up to 30%</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40826639/mark-zuckerberg-live-event-sold-out-stadium-meta-ceo-attracted-thousands-eager-to-hear-him-speak-on" rel="noreferrer noopener">Mark Zuckerberg Live Event Sold Out Stadium: Meta CEO Attracted Thousands Eager To Hear Him Speak On &#8216;The Next Decade Of Social, Technology, And AI&#8217;</a>
Elon Musk
Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;has expressed his astonishment at&nbsp;YouTube&#8217;s&nbsp;decision to restrict teenagers&#8217;&nbsp;access <a target="_blank" href="https://www.benzinga.com/news/24/09/40766389/elon-musk-expresses-disbelief-over-youtubes-restriction-on-fitness-videos-for-teens-globally-serious" rel="noreferrer noopener">to certain health and&nbsp;fitness videos</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40784773/elon-musk-liked-the-camera-on-iphone-15-but-iphone-16-doesnt-get-much-love-from-the-techno-king-here" rel="noreferrer noopener">Elon Musk Liked The Camera On iPhone 15, But iPhone 16 Doesn&#8217;t Get Much Love From The Techno King: Here&#8217;s What He Said</a>
Musk revealed that Tesla's Dojo 2 supercomputer should be&nbsp;in volume production by the&nbsp;end of 2025. The tech mogul expressed confidence in Dojo's potential but noted that its true capabilities would only be known after the third <a target="_blank" href="https://www.benzinga.com/news/24/09/40787336/elon-musk-reveals-timeline-for-teslas-dojo-supercomputer-upgrade-comparable-to-a-nvidia-b200-type-sy" rel="noreferrer noopener">major iteration, expected in late 2026</a>.
Artificial Intelligence
OpenAI,&nbsp;the AI research lab,&nbsp;has launched a new model, ‘o1', which is the first in a series of "reasoning" models. This model can answer complex questions faster than a human. The company has also introduced a <a target="_blank" href="https://www.benzinga.com/top-stories/24/09/40842891/openai-unveils-o1-model-a-step-closer-to-human-like-ai-but-not-without-flaws" rel="noreferrer noopener">smaller, more affordable version, ‘o1-mini'</a>.
ChatGPT-parent&nbsp;OpenAI&nbsp;is reportedly in discussion to raise $6.5 billion in equity financing, which <a target="_blank" href="https://www.benzinga.com/news/24/09/40825072/openais-valuation-could-skyrocket-to-150b-in-new-fundraising-positioning-it-among-the-worlds-most-va" rel="noreferrer noopener">could&nbsp;bring its valuation&nbsp;to $150 billion</a>.
OpenAI CEO&nbsp;Sam Altman faced backlash from&nbsp;ChatGPT&nbsp;subscribers after he responded to a user's<a target="_blank" href="https://www.benzinga.com/news/24/09/40846309/sam-altman-wants-chatgpt-users-to-have-gratitude-for-magic-intelligence-in-the-sky-after-they-ask-ab" rel="noreferrer noopener"> question about&nbsp;new voice features</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40825968/bipartisan-coalition-of-42-state-ags-urges-congress-to-mandate-surgeon-general-warnings-on-social-me" rel="noreferrer noopener">Bipartisan Coalition Of 42 State AGs Urges Congress To Mandate Surgeon General Warnings On Social Media Apps Like TikTok, X, And Meta&#8217;s Instagram To Address Growing Mental Health Concerns</a>
Google's artificial intelligence model,&nbsp;PaLM2, has come under the radar of Europe's privacy watchdog over concerns <a target="_blank" href="https://www.benzinga.com/news/24/09/40824870/google-ai-model-palm2-under-probe-for-data-regulations-breach-by-european-privacy-watchdog" rel="noreferrer noopener">related to the handling of personal data</a>.
Mark Cuban, the&nbsp;billionaire entrepreneur&nbsp;and&nbsp;part-owner of the&nbsp;Dallas Mavericks, has publicly praised&nbsp;Elon Musk&#8217;s AI chatbot,&nbsp;Grok, to Vice President&nbsp;Kamala Harris&#8217; immigration <a target="_blank" href="https://www.benzinga.com/news/24/09/40767860/mark-cuban-praises-elon-musks-ai-chatbot-grok-for-answering-kamala-harris-pov-on-immigration-i-think" rel="noreferrer noopener">viewpoint, terming it as &#8220;accurate&#8221;</a>.

Tech

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INTC

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NFLX

NVDA

QCOM

RBLX

SNAP

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TTWO

UBSFF

Consumer Tech News (Sep 8-Sep 14): Gaming Industry Biggies Facing Accusations For Decieving Players, Apple Launches iPhone 16 & More

Seven of the gaming industry's biggest names—Epic Games, Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Activision Blizzard, Mojang Studios, Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Supercell, and Ubisoft Entertainment SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UBSFF#OTC">UBSFF</a>)—are facing new accusations from the European Consumer Organisation (BEUC) of deceiving players into overspending on <a href="https://www.benzinga.com/general/gaming/24/07/39844220/82-of-american-gamers-made-in-game-purchases-in-freemium-titles-last-year">in-game purchases. </a>
The BEUC's complaint, filed Thursday alongside the European Commission and the European Network of Consumer Authorities, calls for urgent action to address what it describes as &#8220;deceptive tactics&#8221; used by these companies to mislead consumers, particularly children, into spending more money than they intend.
See Also: <a href="https://www.benzinga.com/general/gaming/24/03/37567854/epic-victory-fortnite-returns-to-ios-in-europe-as-apple-relents-on-eu-ban">Epic Victory: Fortnite Returns To iOS In Europe As Apple Relents On EU Ban</a>
<h3 class="wp-block-heading">In-Game Currency Deception</h3>
GamesIndustry.biz <a href="https://www.gamesindustry.biz/epic-ea-roblox-and-more-face-eu-complaint-over-tricking-players-into-spending">reports</a> the complaint alleges that companies &#8220;trick&#8221; consumers into overspending through the use of in-game currencies, a common feature in popular video games.
The BEUC has called for a ban on paid in-game currencies or, at the very least, a prohibition on their use by players under 18. The organization further demanded better protection for consumers by clarifying their legal rights when it comes to these transactions.
&#8220;The online world brings new challenges for consumer protection, and it shouldn&#8217;t be a place where companies bend the rules to increase profits,&#8221; said BEUC's director general Agustin Reyna. 
&#8220;Companies are well aware of children&#8217;s vulnerability and use tricks to lure younger consumers into spending more,&#8221; Reyna added.
<h3 class="wp-block-heading">Industry Response</h3>
In response to the allegations, Video Games Europe, an industry representative body, defended its members, asserting that they respect European consumer laws. 
A statement <a href="https://techcrunch.com/2024/09/12/bad-credits-consumer-group-files-eu-suit-over-manipulative-payments-in-games-like-fortnite-and-minecraft-calls-for-a-ban/">shared</a> with TechCrunch said: &#8220;Players can experience entire games without spending any money, giving them the opportunity to try games without any upfront cost or commitment.&#8221; 
The group also insisted that its members support and promote &#8220;fair and transparent principles&#8221; for in-game purchases, including currency systems.
The organization further pointed to the PEGI Code of Conduct, which requires that the real-world cost of in-game currency be &#8220;clear and unambiguous at the point of purchase.&#8221;
<h3 class="wp-block-heading">In-Game Purchases: A History Of Controversy</h3>
This is far from the first time major games companies have faced scrutiny for their monetization practices. EA, for instance, has long been under fire for the use of loot boxes in its popular FIFA Ultimate Team mode, which sparked a class-action lawsuit in 2020. Critics have claimed that the loot boxes are a form of gambling, particularly given their appeal to younger audiences.
In 2022, the U.S. ordered Epic Games to pay $520 million to settle charges. The FTC accused the Fortnite maker of using deceptive techniques to trick users into making unwanted charges and violating children's privacy laws.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/08/40423388/epic-games-mobile-store-goes-live-in-europe-ceo-says-apple-had-to-be-challenged">Epic Games Mobile Store Goes Live In Europe, CEO Says Apple &#8216;Had To Be Challenged&#8217;</a></li>
</ul>
Photo: Shutterstock

Legal

Epic, EA, Ubisoft Face Accusations Of Deceit Over In-Game Purchases – EU Complaint Filed

The Nasdaq 100 closed lower during Wednesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Electronic Arts</h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) Chief People Officer Vijayanthimala Singh <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,000 shares</a> at an average price of $151.70. The insider received around $151,700 from selling those shares.</li>
<li>What's Happening: On July 30, Electronic Arts reported first-quarter net bookings of $1.26 billion, down from $1.58 billion in last year's first quarter total of $1.58 billion, according to data from Benzinga Pro.</li>
<li>What Electronic Arts Does: EA is one of the world&#8217;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1">latest EA news.</a></li>
</ul>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="480" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083729/image-37-1024x480.png" alt="" class="wp-image-531917" style="width:640px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083729/image-37-1024x480.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083729/image-37-300x141.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083729/image-37-768x360.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083729/image-37-1536x720.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083729/image-37.png 1793w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Rollins</h3>
<ul>
<li>The Trade: Rollins, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROL#NYSE">ROL</a>) Corporate Secretary Elizabeth B Chandler <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,685 shares</a> at an average price of $50.74. The insider received around $237,717 from selling those shares.</li>
<li>What's Happening: On July 24, Rollins reported worse-than-expected second-quarter revenue.</li>
<li>What Rollins Does: Rollins is a global leader in route-based pest-control services, with operations spanning North, Central and South America, Europe, the Middle East and Africa and Australia.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"> trend in ROL stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050300/image-26.png" alt="" class="wp-image-531351" style="width:645px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050300/image-26.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050300/image-26-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050300/image-26-768x698.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Western Digital</h3>
<ul>
<li>The Trade: Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) Chief Accounting Officer &amp; SVP-Global Accounting Gene M. Zamiska <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,314 shares</a> at an average price of $62.34. The insider received around $206,595 from selling those shares.</li>
<li>What's Happening: On Aug. 15, Evercore ISI Group analyst Amit Daryanani maintained Western Digital with an Outperform and maintained a price target of $85.</li>
<li>What Western Digital Does: Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"> breakout in WDC shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="880" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050430/image-27.png" alt="" class="wp-image-531358" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050430/image-27.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050430/image-27-300x287.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050430/image-27-768x734.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang &lt;a href=&#8221;https://www.benzinga.com/sec/insider-trades/&#8221;&gt;&lt;em&gt; sold a total of 240,000 shares &lt;/em&gt;&lt;/a&gt; at an average price of $115.46. The insider received around $27.6 million from selling those shares.</li>
<li>What's Happening: Volvo Cars announced an expansion of its collaboration with Nvidia Corp. to enhance AI and autonomous driving capabilities, according to a press release on Thursday.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence.</li>
<li>Benzinga&#8217;s Pro earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1">NVDA&#8217;s earnings reports</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="877" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050524/image-28.png" alt="" class="wp-image-531360" style="width:656px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050524/image-28.png 877w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050524/image-28-300x285.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05050524/image-28-768x729.png 768w" sizes="(max-width: 877px) 100vw, 877px" /></a></figure>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/09/40720418/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields</a></li>
</ul>

Nvidia, Western Digital And 2 Other Stocks Executives Are Selling

Electronic Arts's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EA#NYSE">EA</a>) short percent of float has fallen 5.98% since its last report. The company recently reported that it has 5.54 million shares sold short, which is 2.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Electronic Arts Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725473710_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Electronic Arts has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Electronic Arts's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Electronic Arts's peer group average for short interest as a percentage of float is 3.78%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Electronic Arts's Recent Short Interest

The Nasdaq 100 closed lower by over 1% during Wednesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Electronic Arts</h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) Chairman and CEO Andrew Wilson <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,500 shares</a> at an average price of $148.88. The insider received around $372,192 from selling those shares.</li>
<li>What's Happening: On July 30, Electronic Arts reported first-quarter net bookings of $1.26 billion, down from $1.58 billion in last year's first quarter total of $1.58 billion, according to data from Benzinga Pro.</li>
<li>What Electronic Arts Does: EA is one of the world&#8217;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1"> latest EA news. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29044903/image-290.png" alt="" class="wp-image-520092" style="width:685px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29044903/image-290.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29044903/image-290-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29044903/image-290-768x713.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure>
<h3 class="wp-block-heading">Cisco Systems</h3>
<ul>
<li>The Trade: Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) SVP &amp; Chief Acctg Officer Maria Victoria Wong <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,379 shares</a> at an average price of $50.36. The insider received around $170,166 from selling those shares.</li>
<li>What's Happening: On Aug. 16, HSBC analyst Stephen Bersey upgraded Cisco from Hold to Buy and raised the price target from $46 to $58.</li>
<li>What Cisco Does: Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1"> trend in CSCO stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045011/image-291.png" alt="" class="wp-image-520095" style="width:663px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045011/image-291.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045011/image-291-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045011/image-291-768x702.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Target</h3>
<ul>
<li>The Trade: Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) Executive Officer Brian C Cornell <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 45,000 shares</a> at an average price of $158.67. The insider received around $7.1 million from selling those shares.</li>
<li>What's Happening: On Aug. 21, Target reported better-than-expected second-quarter financial results and raised FY24 EPS outlook.</li>
<li>What Target Does: Target serves as the nation&#8217;s sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1">breakout in TGT shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045103/image-292.png" alt="" class="wp-image-520097" style="width:658px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045103/image-292.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045103/image-292-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045103/image-292-768x719.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure>
<h3 class="wp-block-heading">Palo Alto Networks</h3>
<ul>
<li>The Trade: Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) Director Mary Pat McCarthy <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 10,000 shares</a> at an average price of $348.49. The insider received around $3.5 million from selling those shares.</li>
<li>What's Happening: On Aug. 19, Palo Alto reported fourth-quarter revenue of $2.189 billion, beating the consensus estimate of $2.162 billion.</li>
<li>What Palo Alto Networks Does: Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used in monitoring upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1">PANW&#8217;s earnings reports. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="855" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045227/image-293.png" alt="" class="wp-image-520102" style="width:608px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045227/image-293.png 855w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045227/image-293-300x288.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29045227/image-293-768x738.png 768w" sizes="(max-width: 855px) 100vw, 855px" /></a></figure>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/24/08/40600017/wall-streets-most-accurate-analysts-spotlight-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields</a></li>
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CSCO

PANW

Cisco, Target And 2 Other Stocks Executives Are Selling

Electronic Arts Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EA Sports College Football 25 made a striking debut in July, clinching the No. 1 spot on Newzoo&#8217;s overall revenue charts across key markets including the U.S., UK, Germany, <a href="https://www.benzinga.com/general/gaming">France, Spain, and Italy. </a>
This latest installment not only emerged as the best-selling sports game of the month but also secured the top position on both PlayStation and Xbox platforms, GamesIndustry.biz <a href="https://www.gamesindustry.biz/ea-sports-college-football-25-tops-revenue-charts-for-july-newzoo-charts">reported.</a>
See Also:<a href="https://www.benzinga.com/general/gaming/24/08/40586031/nba-2k25s-top-10-player-ratings-revealed-who-made-the-cut"> NBA 2K25&#8217;s Top 10 Player Ratings Revealed: Who Made The Cut?</a>
The success of EA Sports College Football 25 is noteworthy given its long-awaited return. Its strong performance in revenue is complemented by its solid showing in player engagement, ranking No. 17 for monthly active users.
<h3 class="wp-block-heading">New Releases And Rankings</h3>
July also saw notable new entries. Nexon Co Ltd&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NEXOF#OTC">NEXOF</a>) The First Descendant made a significant impact by debuting at No. 5 on the revenue charts. The game attracted 10 million players within a week of its July 2 release, and it ranked No. 13 in terms of monthly active users. 
Additionally, Nintendo ADR&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) World Champions: NES Edition appeared at No. 17 in revenue, while it topped the charts on the Switch. Luigi's Mansion 3 also experienced a boost, climbing 29 spots on the Switch revenue charts following a price reduction.
<h3 class="wp-block-heading">Top Performers Remain Strong</h3>
Established titles continued to perform well. Fortnite, while dropping to No. 2 in revenue, remained the top game by active users. EA Sports FC 24, Microsoft Corp.&#8217;s Call of Duty: Modern Warfare 2, 3, and Warzone 2.0, and Take-Two Interactive Software Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) Grand Theft Auto 5 also maintained strong positions, reflecting their ongoing popularity.
Top 20 Games by Revenue (July 2024):
<ol>
<li>EA Sports College Football 25</li>
<li>Fortnite</li>
<li>EA Sports FC 24</li>
<li>Call of Duty: Modern Warfare 2, 3, and Warzone 2.0</li>
<li>The First Descendant</li>
<li>Elden Ring</li>
<li>Grand Theft Auto 5</li>
<li>Valorant</li>
<li>NBA 2K24</li>
<li>Roblox</li>
<li>The Sims 4</li>
<li>Minecraft</li>
<li>League of Legends</li>
<li>World of Warcraft</li>
<li>Tom Clancy&#8217;s Rainbow Six: Siege</li>
<li>Destiny 2</li>
<li>Nintendo World Championships: NES Edition</li>
<li>Overwatch 1 and 2</li>
<li>Apex Legends</li>
<li>Dead by Daylight</li>
</ol>
Top 20 Games by Monthly Active Users (July 2024):
<ol>
<li>Fortnite</li>
<li>Minecraft</li>
<li>Call of Duty: Modern Warfare 2, 3, and Warzone 2.0</li>
<li>Roblox</li>
<li>Grand Theft Auto 5</li>
<li>EA Sports FC 24</li>
<li>Rocket League</li>
<li>Tom Clancy&#8217;s Rainbow Six: Siege</li>
<li>Valorant</li>
<li>Elden Ring</li>
<li>Overwatch 1 and 2</li>
<li>The Sims 4</li>
<li>The First Descendant</li>
<li>Apex Legends</li>
<li>Destiny 2</li>
<li>NBA 2K24</li>
<li>EA Sports College Football 25</li>
<li>League of Legends</li>
<li>XDefiant</li>
<li>Madden NFL 24</li>
</ol>
Read Next: 
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<li><a href="https://www.benzinga.com/general/gaming/24/08/40514954/video-game-spending-jumps-10-in-july-2024-2025-growth-potential-is-significant-report">Video Game Spending Jumps 10% In July 2024, &#8216;2025 Growth Potential Is Significant&#8217;: Report</a></li>
</ul>
Image created using Dall-E.

NEXOF

NTDOY

July's Top Revenue Game Was A Comeback For The Ages — Think College Football

The U.S. video game industry saw a notable 10% increase in spending this July compared to the same time last year, according to Circana's latest<a href="https://www.benzinga.com/general/gaming/24/07/39779849/gaming-industry-revenues-to-hit-307-billion-by-2027-analysis"> report. </a>
This resurgence was evident across all categories — hardware, content, and accessories — indicating a market bouncing back from previous declines.
See Also: <a href="https://www.benzinga.com/general/gaming/24/08/40403494/gaming-industry-shows-signs-of-recovery-in-2024-report">Gaming Industry Shows Signs Of Recovery In 2024: Report</a>
<a href="https://www.gamesindustry.biz/circana-reports-10-uplift-in-us-game-spending-but-admits-this-will-continue-to-be-a-difficult-year">According </a>to GamesIndustry.biz, in July 2024, total video game sales reached $4.77 billion, a solid increase from the $4.35 billion reported in July 2023. 
Year-to-date figures also reflected positive momentum, with total sales reaching $32.09 billion, marking a 2% growth compared to the previous year. These figures show a revival in consumer engagement, likely driven by highly anticipated releases and the promise of new hardware on the horizon.
Among the top drivers of this upswing is Electronic Arts Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EA Sports College Football 25, which Circana identified as the best-selling game of the year, so far.
However, the industry's overall outlook for 2024 remains cautious. Mat Piscatella, video game industry advisor at Circana, pointed out: "This will continue to be a difficult year for video game manufacturers and publishers, as an overall spending decline, albeit in the low single-digits, is expected." 
<h1 class="wp-block-heading">A New Gaming Era: 2025 and Beyond</h1>
Circana's Future of Video Games Report paints a more optimistic picture for 2025, predicting a significant rebound. This positive forecast hinges on the launch of Nintendo ADR's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) next-generation hardware platform and the highly anticipated release of Take-Two Interactive Software Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) Grand Theft Auto 6, which Piscatella believes could become "the biggest entertainment launch in U.S. history."
Digital delivery continues to be a strong trend, with Circana projecting ongoing dominance in this area. The report notes that &#8220;forever&#8221; games like Fortnite and Roblox will continue to capture significant player time, potentially reshaping how new titles compete for attention.
<h1 class="wp-block-heading">Hardware Declines Offset By Emerging Trends</h1>
While video game hardware revenue is expected to decline this year due to lower average prices and fewer units sold, Circana highlights an interesting shift. 
More players are turning to easily accessible platforms such as PCs and mobile devices, helping to cushion the blow to traditional console sales. The report explicitly mentions Valve's Steam Deck as an &#8220;emerging and exciting area of video game hardware.&#8221; 
&#8220;The transition to the new normal in the video game market has not been painless,&#8221; Piscatella added. Still, he remains confident about the long-term prospects: "The long-term outlook remains optimistic, with 2025 in particular carrying significant growth potential."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/08/40142681/bestselling-games-of-june-2024-can-you-guess-why-elden-ring-is-1">Bestselling Games Of June 2024: Can You Guess Why Elden Ring Is #1?</a></li>
</ul>
This image was made using artificial intelligence.

Video Game Spending Jumps 10% In July 2024, '2025 Growth Potential Is Significant': Report

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) confirmed that subscribers to the Core and Standard tiers of the service might face extended wait times — up to 12 months or more — before gaining access to first-party titles previously <a href="https://www.benzinga.com/general/gaming/24/08/40233301/xbox-game-pass-august-2024-lineup-includes-crash-bandicoot-mafia-creatures-of-ava">available on the day of release.</a>
This revelation marks a substantial shift from what Xbox Game Pass users have come to expect. Previously, all Game Pass subscribers enjoyed access to Xbox&#8217;s first-party titles on the day of release. 
See Also: <a href="https://www.benzinga.com/general/gaming/24/07/39857656/ftc-criticizes-microsoft-over-xbox-game-pass-price-increase-and-degraded-standard-tier">FTC Criticizes Microsoft Over Xbox Game Pass Price Increase And &#8216;Degraded&#8217; Standard Tier </a>
However, with the introduction of these new tiers, that benefit will now be limited to subscribers of the higher-priced Ultimate ($20/month) and PC ($12/month) tiers. 
These plans also include Electronic Arts Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EA Play membership, further distinguishing them from the more affordable Core ($10/month) and Standard ($15/month) options.
The Core tier offers a curated catalogue of 25 &#8220;high-quality games on console,&#8221; while the Standard tier boasts &#8220;hundreds of high-quality games on console.&#8221; 
Despite this, neither tier will grant immediate access to Xbox&#8217;s latest releases. 
&#8220;Some games coming to Game Pass Ultimate (day one games or other game entries) will not be immediately available with Game Pass Standard and may be added to the library at a future date (can be up to 12 months or more and will vary by title),&#8221; Megan Spurr, Xbox Game Pass&#8217;s senior community lead, detailed in an Xbox Wire <a href="https://news.xbox.com/en-us/2024/08/20/xbox-insiders-everything-you-need-to-know-about-xbox-game-pass-standard/">post.</a>
This change is expected to influence how gamers choose their subscriptions, particularly as Microsoft has yet to confirm when the new Standard tier will become available. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/07/40081075/microsoft-reports-sharp-decline-in-xbox-hardware-sales-for-q4-but-theres-a-silver-lining">Microsoft Reports Sharp Decline In Xbox Hardware Sales For Q4, But There&#8217;s A Silver Lining</a></li>
</ul>
Image credits: Shutterstock.

Xbox Game Pass Update: Core, Standard Tiers Face Up To 12-Month Wait For New Releases

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Press Releases

Dragon Age™: The Veilguard Launches October 31, 2024; Pre-Orders Available Now

EA SPORTS™ Madden NFL 25 Kicks off Football Season With All-New BOOM Tech Gameplay, Available Everywhere Today

Game On: The USO and NFL Bring Service Members Together with 4th Annual Madden NFL 25 Tournament and Chance to Attend Super Bowl LIX

EA Sports™ NHL® 25 Brings Unprecedented Authenticity to the Game With All-New ICE-Q Gameplay Intelligence System; Launching October 4

The Comeback Year: Nissan Heisman House Campaign Enters Its 14th Season Welcoming Reggie Bush, and Collaborates With the Long-Awaited EA SPORTS College Football 25

Entertainment

EA Sports Madden NFL Esports and Full Sail University Announce Strategic Collaboration

EA SPORTS FC™ To Bring Fans The Most Authentic EA SPORTS Football Game Ever With FC 25

EA SPORTS Reveals Highly Anticipated Soundtrack for EA SPORTS FC™ 25

Electronic Arts Outlines Long-Term Growth Strategy at Investor Day

Elevate Your Rally Experience With the EA SPORTS WRC 2024 Season Expansion

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Comments

Electronic Arts

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사람들이 또한 지켜본다

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