Electronic Arts Inc. (NASDAQ: EA) will release its financial results for the fourth fiscal quarter and year ended March 31, 2021 after the close of market on Tuesday, May 11, 2021. In conjunction with this release, EA will host a conference call to review its financial results for the fiscal quarter and year, discuss its outlook for the future and may disclose other material developments affecting its business and/or financial performance. Listeners may access the conference call live via a dial-in number or audio webcast.

Electronic Arts (NASDAQ: EA) saw its share price climb 34% last year as the pandemic led to higher engagement levels across its core titles. All signs continue to point to growth in the video game industry over the long term, which is a tailwind for leading game producers like Electronic Arts. Plus, mobile gaming has become the biggest driver of industry revenue growth.

(Bloomberg) — The company behind the popular Final Fantasy series of games surged in Tokyo on Friday following a report it had received interest from potential buyers.Square Enix Holdings Co. rose 12% on Friday, the most in eight months, after the report from deal news website CTFN which cited two unidentified bankers. Square Enix said it had not received any proposals and wasn’t thinking of a sale.“We do not consider selling off the company or any part of its businesses, nor have we received any offer from any third party to acquire the company or any part of its businesses,” the company said in a statement.Shares in Square Enix are trading near the all-time high set last year, giving it a market value of 845 billion yen ($7.8 billion). As well as Final Fantasy, it publishes the Dragon Quest and Kingdom Hearts role-playing series, and owns the Tomb Raider franchise.“With intellectual property that has remained popular for years and years, Square Enix does have strong branding power,” said Shoichi Arisawa, an analyst at Iwai Cosmo Securities Co.Amid increasing competition for the biggest exclusive properties and a surge in revenue as a result of the pandemic, M&A activity in the videogame sector has been growing. 2020 saw almost $25 billion in deals, according to data compiled by Bloomberg. The bulk of that was made up by Microsoft Corp.’s $7.5 billion acquisition of the owner of Bethesda Softworks, the maker of The Elder Scrolls, Doom and Fallout series. Electronic Arts Inc. topped a rival offer from Take-Two Interactive Software Inc. to buy racing game maker Codemasters Group Holdings Plc for $1.2 billion.“M&A will remain robust after record deal volume — both number of deals and dollar value — in 2020, with multiple game makers having cash-rich balance sheets,” said Bloomberg Intelligence analyst Matthew Kanterman, “but they will probably target smaller, private developers as opposed to large listed ones.”It’s far from the first time that the Final Fantasy maker was a possible acquisition target. Before its merger with Enix, Microsoft had intended to acquire Square in 1999, but the deal was rejected for being too low.The report also boosted some other gaming stocks in Tokyo, with Koei Tecmo Holdings Co. rising as much as 2.9%.(Updates with comment from Square Enix from second paragaph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Today, Codemasters® and Electronic Arts Inc. (NASDAQ: EA) announced F1® 2021, a new next-generation racing experience launching on Friday July 16.

Wedgewood Partners, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of +4.8% was reported by the fund for the Q1 of 2021, outperforming its Russell 1000 Growth benchmark that delivered a 1% return, but below both the S&P 500 and Russell […]