Members

EA hiked its annual sales outlook as the video game shutdown continued.

Electronic Arts Inc on Tuesday boosted its annual sales by bets with strong sales of sports events including "FIFA 21" and "Madden NFL 21" as more and more people turn to video games to make the most Myself was entertained during COVID-19 blocking.The company's shares, however, were down 5 percent in extended trading after EA's 98 cents adjusted its profit forecast for the current quarter, missing analysts' average estimates by 2 cents.

Video game sales in the slotxo United States hit $ 56.9 billion last year, according to research firm NPD, as demand for virtual entertainment soared after massive public events were canceled to stem the spread of the new corona virus.
EA said that new players to the Battle Royale game "Apex Legends" were up 30% year over year. The mobile version is expected to be launched in the next three to six months, Chief Financial Officer Blake Jorgenson told Reuters.

The company also extended a multi-year licensing agreement with UEFA for exclusive club competition rights for the "FIFA" franchise, adding that the latest football titles will be launched on the gaming service on the market. Google Stadia cloud on March 17 EA is doubling down on its sports division, a major spinner for publishers, by partnering with an exclusive partner to develop a college-level simulation football video game that will be released in the next few years, the company announced as Last tuesday

The company said the release of a new installment in the franchise "Battlefield" and "Need For Speed" and the recently acquired U.K. Codemasters merger are expected to boost fiscal year 2022 growth.EA raised its full-year sales forecast to $ 6.08 billion from $ 5.95 billion, up from historical analyst estimates of $ 6.01 billion, according to Refinitiv IBES data.The company's adjusted income for the holiday quarter ended Dec. 31 was $ 2.4 billion, above analysts' average estimate of $ 2.39 billion, according to IBES data from Refinitiv.

Views: 2

Comment

You need to be a member of On Feet Nation to add comments!

Join On Feet Nation

© 2024   Created by PH the vintage.   Powered by

Badges  |  Report an Issue  |  Terms of Service