Electronic Arts Inc lowered its annual bookings forecast on Tuesday, as the videogame publisher delayed the release of a title based on the 'Star Wars' franchise and consumers dialed back spending in a sagging economy.
The results, meanwhile, showed that recent launches were not doing enough to draw consumers, who are prioritizing essentials in the face of still-high inflation and rising interest rates.
Its third-quarter adjusted sales and profit also came in below analysts' expectations, according to Refinitiv data.
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