REDWOOD SHORES (dpa-AFX) - While reporting its results for the third quarter on Tuesday, Electronic Arts Inc. (EA) revised its outlook for the full year 2025. The company also announced plans for a $1 billion share repurchase.
Looking forward to the full year 2025, the company now expects revenue to be about $7.250 billion to $7.400 billion, and earnings per share of about $3.90 to $4.25.
Previously, the company expected revenues of $7.400 billion to $7.700 billion and earnings per share of about $3.82 to $4.33.
'Today we announced plans for a $1 billion accelerated share repurchase, which is expected to bring total stock repurchases to $2.5 billion within the first year of our $5 billion authorization,' said Stuart Canfield, CFO of Electronic Arts. 'This reflects both our confidence in EA's long-term strategy and our ability to balance investment in growth with capital returns.'
EA has declared a quarterly cash dividend of $0.19 per share of the company's common stock. The dividend is payable on March 19, 2025, to stockholders of record as of the close of business on February 26, 2025.
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