Electronic Arts Inc. gave a forecast for revenue in the current quarter that fell short of analysts’ estimates amid a slowdown in spending on video games and equipment.
Adjusted revenue, or bookings, which excludes deferred sales from content purchases and other adjustments, will be $1.73 billion to $1.78 billion in the fiscal second quarter, the game publisher said in a statement on Tuesday. Analysts were expecting $1.86 billion on average, according to data compiled by Bloomberg. In the first quarter, adjusted revenue was $1.3 billion, largely in line with estimates.
