:Electronic Arts Inc on Wednesday forecast current-quarter adjusted sales above estimates, as the videogame publisher bets on a strong performance from mainstay titles like 'FIFA 21' and 'Apex Legends', sending its shares up nearly 5per cent. Redwood City, California-based EA also raised its annual sales fore
:Electronic Arts Inc on Wednesday forecast current-quarter adjusted sales above estimates, as the videogame publisher bets on a strong performance from mainstay titles like"FIFA 21" and"Apex Legends", sending its shares up nearly 5per cent.
Rivals Take-Two and Activision Blizzard also forecast disappointing annual revenue earlier this week."We are feeling more optimistic than we have ever felt in this business right now," Chief Financial Officer Blake Jorgensen said in an interview, and people are engaging more with titles like"Battlefield" and"Apex Legends".
The company has been investing billions of dollars to bolster its mobile gaming lineup, bringing Glu Mobile, UK-based Codemasters and Playdemic Ltd under its marquee.
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