-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：EA第四季淨預訂金額達到創紀錄的80.26億美元（年增9%），營運現金流量達到25.53億美元（年增23%），其中第四季淨預訂額為18.64億美元（年成長4%），稀釋後每股收益飆升至1.81美元（年成長85%）。在經歷了幾個季度因高額投資支出而導致的利潤率下滑後，第四季營業利潤率回升至27%（年增580個基點）。我們認為，這些業績驗證了管理層大力投資的策略，《戰地6》取得了創紀錄的系列業績，《Apex英雄》也實現了其最強勁的季度表現。在收購進行期間，管理層暫停了財報電話會議和業績展望，但表示將就這項550億美元的交易與監管機構進行建設性溝通。由PIF、Silver Lake和Affinity Partners組成的財團以全現金方式收購EA的交易，對EA的估值為每股210美元，預計將於2027財年第一季完成。我們預期《戰地6》的成功營運和利潤率的恢復表明投資週期正在產生回報，儘管全部收益可能最終歸於收購財團。
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