Electronic Arts Inc posted better-than-expected quarterly revenue on Tuesday, ri...
- Electronic Arts Inc posted better-than-expected quarterly revenue on Tuesday, riding on the popularity of its battle royale game, “Apex Legends”, sending its shares up 7 percent in extended trading.
EA’s battle royale game had attracted 50 million players just a month after its launch in February and the company said that millions more had signed up since then, suggesting that it could withstand competition from “Fortnite”. EA forecast net bookings from Apex Legends in the range of $300 million to $400 million in fiscal year 2020, adding that the forecast did not assume any contribution this year from future mobile versions or games in the Chinese market.
The company expects its new “Star Wars Jedi: Fallen Order” title, which will release in November, to sell 6 million to 8 million units in fiscal 2020.
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