Electronic Arts Inc. gave a forecast for revenue and earnings in the current quarter that missed analysts’ estimates, suggesting that even the ongoing success of Apex Legends isn’t enough to offset a new Battlefield flop. The game publisher, also known for sports franchises like Madden NFL and FIFA, predicted fourth-quarter adjusted revenue of $1.76 billion, missing the average analyst projection of $1.82 billion. Earnings per share excluding some costs will be $1.38, compared with the average analyst estimate of $1.49.
EA’s big fall title, Battlefield 2042, received poor reviews from fans and critics when it was released in November after a month’s delay. It has a score of 61 out of 100 on Metacritic, a website that aggregates reviews. A critic for the Washington Post wrote that “the overall Battlefield experience is sorely lacking” in the new game.
The developer, Stockholm-based Dice, said Tuesday it was delaying the game’s first season of content until the summer. The launch of Battlefield 2042 did not meet expectations,” Chief Executive Officer Andrew Wilson said on a conference call with.
Source: Bloomberg
In other news – Is Connie Ferguson in trouble?
Seasoned actress and business mogul Connie Ferguson is one of the many celebs who own quite a number of businesses in Mzansi including a whole production house.
Time and time again this has meant that she has gotten herself in the wrong light, and this time it seems one of her brands is being put under fire yet again. Learn more