Earnings Results
EA misses on sales and guidance, and CFO reveals cuts were made as ‘Apex Legends’ and ‘Battlefield’ mobile games end up on cutting-room floor
Electronic Arts Inc. reported fiscal third-quarter earnings Tuesday.
Bloomberg
Electronic Arts Inc.’s earnings and revenue from the prior year were previously incorrect. They have been updated.
Electronic Arts Inc. shares plummeted more than 10% in after-hours trading Tuesday, after executives disclosed disappointing forecasts and announced they are delaying an anticipated title and killing off the mobile versions of two popular games, which is expected to result in layoffs.
EA…
