BofA names videogame picks in recession playbook [Seeking Alpha]
Electronic Arts Inc. (EA)
Last electronic arts inc. earnings: 1/30 04:01 pm
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Source: Seeking Alpha
BofA names videogame picks in recession playbookSep. 24, 2022 10:02 AM ETElectronic Arts Inc. (EA)RBLXAPPTTWOSCPLMYPSPLTKBy:Jason AycockSA News Editor2 CommentsAlistair BergThe post-Fed rate hike action in the stock marketmade for an end-of-week tumbleThose include BofA economists, whohave forecast that aggressive Fed tightening is likely to push the U.S. economy into at least a mild recession in the first half of 2023 (a fate pushed back from the fourth quarter of 2022, the economists said).And the bank's videogame industry analysts expect a recession to crimp game sales as it has in past crises, with consumers pulling back on discretionary spending. Game sales should fall by 4-6% throughout - more moderate than the 20% decline seen in 2009, in part due to a more mild recession and the diversification of the industry into live services and subscriptions in the intervening decade-plus.But "we expect some players in the industry to outperform others, as certain product categories, fran
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EA
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- 4/10/24 - Form SC
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- EA's page on the SEC website