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EA is planning a $1 billion buyback following an excellent quarter

By Lorie Wimble1 min readGoogle News

It looks like being one of the most hated companies in the United States isn’t enough to bring Electronics Arts down, as the video game publisher has exceeded expectations in terms of both profit and revenue. This success was due in large part to strong sales on the digital front, with digital sales now accounting for more than half of the company’s revenue. EA also announced that it’s buying back up to $1 billion of common stock.

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