Electronic Arts (EA), one of the world's leading developers of games and services for game consoles, PCs, mobile phones and tablets (games developed by the company include such well-known brands like Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims , FIFA, Medal of Honor, and others), continues to deliver double-digit growth. According to the recently released report for 4Q 2015, revenue increased by 5.5% y-o-y to USD 1.185 bn, while adjusted revenue amounted to USD 896 mn, outpacing the consensus of USD 860 mn. Improved results were driven by stronger than expected sales of the game Battlefield Hardline, as well as further growth in the consoles and mobile segments. The average monthly number of mobile users reached 165 mn in the reporting period, mobile revenue jumped 22% to USD 150 mn. Adjusted EPS amounted to 39 cents, noticeably outstripping the forecast of 27 cents.In addition, EA generates a significant cash flow. The company generated an operating cash flow of USD 198 mn in the reporting quarter and spent USD 95 mn on a share buyback. EA’s board of directors approved the new buyback program totaling USD 1 bn.We believe that rapid growth of the mobile segment will boost the company's financial performance in the near future. These factors, along with expansion of buyback program, will boost the company’s share price. We left Electronic Arts’s (EA) share price unchanged at USD 70 and reiterate our medium-term Buy recommendation. The short-term technical target is USD 68. $EA, Electronic Arts Inc. / 1440