EA Expects Earnings To Drop As Battlefield V Launch Disappointed

The latest meeting with investors has revealed that Battlefield V has been even more disappointing in comparison with EA’s expectations.

The latest meeting with investors has revealed that Battlefield V has been even more disappointing in comparison with EA’s expectations.

The major retailers have the title on sale for 33% to 50% off, which means there will be inferior earning than anticipated.

This led the outlook to be revised from $5.55 billion to $5.20 billion in terms of FY 2019 net bookings guidance.

As more sales data come in by January, the publisher expects additional downward revenue revisions from analysts and pressure on the stock price.

Shares of EA have fallen over 45% and set a week low on Monday at 52%. This situation is mainly due to the poor Battlefield V sales.

The publisher has found several reasons behind the unsuccessful release of the game.

The less authentic portrayal of WWII has reportedly caused consumer backlash, same as the limited nature of the single-player campaign, the lack of co-op missions at launch and the delay of the battle royale mode have.

The game’s released on November 20, 2018 for PC, PS4 and Xbox One.

Source: Seeking Alpha