EA forecasts fourth-quarter bookings below estimates on weak gamer spending

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:Electronic Arts forecast fourth-quarter bookings below Wall Street expectations on Tuesday, as the videogame publisher grapples with a slowdown in spending at its popular soccer franchise.

It also announced a $1 billion share repurchase plan, which sent its shares up around 1 per cent in extended trading.

It left its annual bookings forecast unchanged.

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Category: EconomyBusiness

Markets: Singapore

Topics: Photo: Arts Titles Forecast Billion Spending Year Company Bookings Sports File

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 05:07:48 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25899360

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