After game flops: EA loses 3 billion dollars in market value in one day

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Listed game publishers present their business figures to the public every three months. This is regulated by law and is intended to a certain extent Transparency for Investors and ensure holders of shares in the company in the form of securities. Following this quarterly reports Usually the share prices of corporations react like Sony, Microsoft or Nintendo – depending on how profitable sales and profits are and how rosy the future prospects of a company’s business model are.

EA: FIFA 23 success fails to convince investors

In case of EA Investors don’t seem entirely convinced by the success stories of the past quarter of the financial year 2022/2023 to be. Logically, companies try to paint as positive a picture as possible of the past few months in their report. Accordingly, EA announced that FIFA 23 is well on the way to becoming the most successful part of the football franchise.

But even a brand like FIFA can’t hide the fact that Electronic Arts has had some setbacks of late. So sales fell in a direct comparison of the two previous calendar years by one percent to 7,146 billion US dollars.

The forecast for the current fiscal year through the end of March had to be revised due to the postponement of Star Wars Jedi: Survivor Friday April 28, 2023, also be lowered. And rumor has it that a promising first-person shooter-style project like Titanfall 2 was recently canceled.

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EA: Mobile titles are flopping and being discontinued

However, the discontinuation of two mobile titles is likely to be much more serious. Battlefield Mobile and Apex Legends Mobile were intended to compete with free-to-play titles like Call of Duty: Warzone.