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Starting next week, submitting Obituaries, In Memoriams or Cards of Thanks for our publications and online becomes easier! Simply visit - Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday, hit by weak spending on its flagship titles such as"FC 24" and"Madden NFL 24" amid an uncertain economic outlook.
Analysts from Roth MKM had warned about the company's outlook in a research note last week citing a lack of visibility into EA's development pipeline and lighter release schedule. The company forecast fiscal year 2025 bookings in the range of $7.30 billion to $7.70 billion, compared with average analysts' estimate of $7.76 billion, according to LSEG data.
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