IbizaPocholo
NeoGAFs Kent Brockman
https://seekingalpha.com/article/42...eductions-battlefield-v-sales-disappoint?dr=1
Summary:
Since peaking in July, shares of Electronics Arts (EA) have fallen over 45% and set a fresh 52 week low on Monday. Though the broader technology market has suffered in recent months, EA’s outsized declines are caused by concerns over unit sales of the company’s tent-pole Battlefield franchise. This year’s release, titled Battlefield V, suffered from consumer backlash as a less authentic portrayal of WWII was revealed over the summer. At the end of August, the company announced they were pushing back the game’s release date from October until November “to deliver the best possible experience for gamers”. Alongside this announcement, full-year net bookings guidance was cut by $350 million dollars.
Check the link for the full story.
Summary:
- Battlefield V suffered from consumer backlash as a less authentic portrayal of WWII was revealed.
- EA formally revised FY 2019 net bookings guidance; the outlook was revised from $5.55 billion to $5.20 billion.
- The limited nature of Battlefield V’s single player campaign at launch, unimplemented cooperative missions and the delay for the battle royale mode frustrated players.
- All the major retailers currently have the title on sale for 33% to 50% off.
- As hard sales data comes forward in January, look for additional downward revenue revisions from analysts and corresponding pressure on the stock price.
Since peaking in July, shares of Electronics Arts (EA) have fallen over 45% and set a fresh 52 week low on Monday. Though the broader technology market has suffered in recent months, EA’s outsized declines are caused by concerns over unit sales of the company’s tent-pole Battlefield franchise. This year’s release, titled Battlefield V, suffered from consumer backlash as a less authentic portrayal of WWII was revealed over the summer. At the end of August, the company announced they were pushing back the game’s release date from October until November “to deliver the best possible experience for gamers”. Alongside this announcement, full-year net bookings guidance was cut by $350 million dollars.
Check the link for the full story.
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