Baron Dupek
Arcane
- Joined
- Jul 23, 2013
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Another "EA is going down" analysis
https://seekingalpha.com/article/4236081-avoid-ea-fun-end
https://seekingalpha.com/article/4236081-avoid-ea-fun-end
Disappointing Battlefield V sales and declining mobile business see EA's shares plummet
...
While Battlefield V was the flagship game for showing off the real-time ray tracing features of Nvidia's RTX cards, the latest entry in the franchise didn’t perform as well as hoped. EA’s COO and CFO, Blake Jorgensen, said 7.3 million copies had sold worldwide to date. That might sound like a lot, but it’s still one million fewer than EA was anticipating. Additionally, it didn’t help bring in as many Origin Access Premier subscribers as expected.
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EA’s mobile business disappointed, too, recording a 23 percent year-on-year decline. This was blamed on the slow uptake on Command and Conquer Rivals, the delay of an unnamed game (probably Star Wars: Rise to Power), and "changes to broaden Madden Mobile's appeal" that failed to improve monetization.
EA recorded a total net revenue of $1.289 billion for Q3, but had been looking for $1.375 billion. The results saw its shares fall as low as $74.71 in late trading. The company has now lowered its outlook for revenue during this quarter, despite the initial popularity of Apex Legends, which gained one million players in under eight hours following its launch, and the upcoming release of Anthem.
At least something good had come from the fortnight fad.ActiBlizz had an even worse performance than EA during the last year and their stock tumbled yesterday 10% as well on the EA news. Fortnite sucks up all the time, attention and cash.
I did hear that EA insiders were caught selling off stock early. I'm guessing something is coming, something big and bad.13% in day....amazing EA
Any arrests for insider trading yet?I did hear that EA insiders were caught selling off stock early. I'm guessing something is coming, something big and bad.13% in day....amazing EA
Here's to hoping. A few arrests for insider trading would really tank EA, and for the betterment of the world.Not that I know of.
Anthem is coming,even they know that it won't be doing them any stock favours. They are running out of studios and IPs,the next few years will be rough. They might even die.I did hear that EA insiders were caught selling off stock early. I'm guessing something is coming, something big and bad.13% in day....amazing EA
Any arrests for insider trading yet?I did hear that EA insiders were caught selling off stock early. I'm guessing something is coming, something big and bad.13% in day....amazing EA
It is a fad after all,it is fascinating how every next fad is lower IQ than the last one.Soon Fortnite will fallow
Soon Fortnite will fallow
Apex Legends is a EA game, fyi. Still N1 on Twitch after like 2 or 3 days now. That game has too much potential, if they play their cards right that game can be as (if not way, way more) popular than PUBG and possibly only second to Fortnite.