EA shares plunge after 'difficult' holiday season
Before Apex Legends launched on Monday, it really wasn't a great time to be an EA investor. It's no secret that Battlefield V failed to set the sales charts on fire, and the whole Star Wars Battlefront II controversy is still causing problems abroad for the publisher. Today during its quarterly earnings calls, EA said that the holiday period was "difficult" as it failed to meet expectations. VentureBeat added that analysts expected EA to post earnings per share of $1.94, but the results fell short of that and EA's stock price fell 17 percent in after-hours trading. That's quite a dip! Hopefully Anthem will turn this around. EA also said that Battlefield V's focus on the campaign — which was a series of short scenarios — was in part to blame. Had the developer focused on the "Firestorm" battle royale mode, the situation may have been different. There's no way to prove this because there was just a lot of competition in the "AAA" space this holiday season.
Before Apex Legends launched on Monday, it really wasn't a great time to be an EA investor. It's no secret that Battlefield V failed to set the sales charts on fire, and the whole Star Wars Battlefront II controversy is still causing problems abroad for the publisher. Today during its quarterly earnings calls, EA said that the holiday period was "difficult" as it failed to meet expectations. VentureBeat added that analysts expected EA to post earnings per share of $1.94, but the results fell short of that and EA's stock price fell 17 percent in after-hours trading. That's quite a dip! Hopefully Anthem will turn this around. EA also said that Battlefield V's focus on the campaign — which was a series of short scenarios — was in part to blame. Had the developer focused on the "Firestorm" battle royale mode, the situation may have been different. There's no way to prove this because there was just a lot of competition in the "AAA" space this holiday season.