Electronic Arts misses quarterly bookings estimates ahead of Saudi-backed buyout
Aug 3 : Videogame publisher Electronic Arts missed expectations for first-quarter bookings on Monday, hit by a post-launch decline in engagement for its "Battlefield" franchise ahead of its Saudi-backed acquisition.
- Despite having a strong launch last year, "Battlefield 6" has struggled to maintain player engagement, raising concerns about its long-term live-service revenue potential.
- The Redwood City, California-based company relies heavily on in-game spending to extend the life cycles of its titles and derive consistent revenue.
CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less • Electronic Arts is likely to feel the heat from Take-Two Interactive's upcoming blockbuster release of "Grand Theft Auto VI", which is expected to command player attention and funnel discretionary spending away from rivals. • The gaming company reported first-quarter bookings of $1.35 billion, missing analysts' average estimate of $1.48 billion, according to data compiled by LSEG. • Profit rose to $397 million for the quarter ended June 30, from $201 million in the year-ago period. • Last week, Saudi Arabia's Public Investment Fund and a group of investors gained EU approval for their $55 billion deal to take Electronics Arts private.
- Electronic Arts is likely to feel the heat from Take-Two Interactive's upcoming blockbuster release of "Grand Theft Auto VI", which is expected to command player attention and funnel discretionary spending away from rivals.
- The gaming company reported first-quarter bookings of $1.35 billion, missing analysts' average estimate of $1.48 billion, according to data compiled by LSEG.
- Profit rose to $397 million for the quarter ended June 30, from $201 million in the year-ago period.
- Last week, Saudi Arabia's Public Investment Fund and a group of investors gained EU approval for their $55 billion deal to take Electronics Arts private.
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