The present invention provides an electroacoustic transducer and a method of fabricating the same, employing a lead frame to integrally form a plurality of component parts, thus reducing the number of individual component parts, and improving assembly efficiency. The electroacoustic transducer comprises a base, a yoke fixed to the base, a core, a coil wound around the core, magnet surrounding the coil, a support ring surrounding the magnet, a vibrating plate supported on the support ring, lead terminals fixed to the base, and a case having a sound emitting cylinder and joined to the base so as to cover those components. A gap is formed between the core and the diaphragm. The diaphragm, the gap, the core, the yoke and the magnet form a closed magnetic path. The coil drives the diaphragm for vibration when energized. The yoke and the lead terminals are integrally formed of a common metal material such as the lead frame. The core may be integrally formed with the yoke of the lead frame.