$S&P 500(.SPX)$ ATH, just can’t and won’t stop.
$Electronic Arts(EA)$ hits all time high and has rise 21.6% so far in 2025.
Currently the call/PUT ratio of $Electronic Arts(EA)$ is 2.52.
Yearly chart
@ Aksel Kibar, CMT
It is interesting that singe July 29th 2025, $Electronic Arts(EA)$ rose 22% so far.
Why？
Metric | July 29 print | Street / Guidance | Surprise |
GAAP revenue | $1.671 B | $1.49 B | +$0.18 B (≈12 %) |
Net bookings | $1.298 B | $1.20–1.275 B | >$23 M above high-end |
Diluted EPS (GAAP) | $0.79 | $0.75 | +$0.04 (≈5 %) |
FY-26 guidance | RE-CONFIRMED | May 6 guidance unchanged | No cut, contrary to fear |
Four catalysts that pushed the share price >20 % higher (to fresh all-time highs) on the day and have kept the momentum alive:
Revenue & bookings beat across the portfolio
FC Mobile delivered a record quarter of net bookings
EA SPORTS F1 25 grew bookings YoY, boosted by tie-ins with “F1 The Movie”
Apex Legends and back-catalogue titles also contributed upside, proving the live-service model is resilient even in a pre-launch trough.
Guidance re-affirmed = de-risking the cycle
Management left the full-year FY-26 outlook untouched: net bookings $7.6–8.0 B, EPS growth 18-20 %
Investors had worried that slipping launch dates for Battlefield 6, College Football 26, skate. and EA SPORTS FC 26 would force a cut; the unchanged forecast removed that tail-risk.
Record capital return programme
EA repurchased 3.0 M shares for $375 M in the quarter; trailing-12-month buybacks now total 17.8 M shares ($2.5 B)—the largest annual pace ever
A new quarterly dividend of $0.19/share was declared, signalling management’s confidence in cash-flow visibility.
Options-driven squeeze
Open interest was skewed 2.5:1 to calls ahead of earnings; the beat forced dealers to hedge by buying the underlying, amplifying the initial 6–7 % after-hours pop into a double-digit, volume-led breakout the next session.
Taken together, the beat-and-re-affirm narrative, record buyback flow, and options squeeze explain why EA has tacked on >20 % YTD and is trading at fresh highs even though headline GAAP earnings are still below last year’s levels.
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