Electronic Arts’ Post-Lockdown Slump Not as Severe as Feared
- Its sales are holding up better than analysts predicted
- Still, the slowdown and recent deals are crimping profit
Photographer: Patrick T. Fallon/Bloomberg
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Electronic Arts Inc.’s sales are holding up better than predicted as the video-game giant navigates a slowdown caused by the end of pandemic lockdowns.
Though sales are expected to decrease to $1.25 billion in the fiscal first quarter, excluding some items, that’s above the $1.14 billion analysts projected. The forecast for profit was short of estimates, but the company’s full-year guidance was slightly ahead of what Wall Street predicted.