• Loading stock data...
Thursday, March 28, 2024
2024 Best Venues nominations are open now through April 8! Submit Now

EA Pulls Plug On Two Gaming Titles Despite ‘FIFA 23’ Success

  • Electronic Arts attributed the decision to market uncertainty.
  • As of fiscal Q3, EA has more than 650 million people in its player network.
EA

Electronic Arts has lowered its full-year revenue guidance after failing to meet expectations for the third fiscal quarter ending Dec. 31, 2022. 

The California-based video game publisher posted $2.34 billion in net bookings in fiscal Q3, missing analysts’ estimates by 6%. As a result of the miss, EA projects full-year revenue to range between $7.25 billion and $7.35 billion, down from a previous estimate of $7.8 billion. 

  • EA attributed the unfavorable results to market uncertainty
  • The conditions caused EA to cancel “Apex Legends Mobile” and “Battlefield Mobile.”
  • As of fiscal Q3, EA has more than 650 million people in its player network. 

EA’s profits could continue to take a hit without the “FIFA” franchise —  the company ended its 30-year partnership with the international governing body of soccer in May 2022.

EA Misses Revenue Estimates, Ends Licensing Deal with FIFA

Electronic Arts announced its relationship with FIFA has officially ended after nearly…
May 10, 2022

“FIFA” titles have generated more than $20 billion in sales over the past 20 years. The latest edition and final EA edition, “FIFA 23,” is on pace to be the biggest in franchise history. 

Missed Opportunity 

Canceling two mobile titles prevents EA from expanding its position in a mobile gaming market projected to exceed a valuation of $215 billion by 2028, per SkyQuest Technology Consulting.

The world’s five top-grossing mobile games generated $7.2 billion in revenue in 2022, an increase of $400 million from the year prior, according to data analytics firm Sports Lens.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Spring Football’s Big Bet: An Unlikely TV Marriage, and Crazy Rules

The United Football League launches this weekend on ESPN and Fox.

MLB Looks to Return Focus to the Field After Turbulent Offseason

The league aims to turn the page after grappling with several difficult problems this winter.

Leonsis Makes Stunning Turn Back to D.C., Will Renovate Capital One Arena

D.C. to spend $515 million on venue renovations as the Virginia plan is now dead.
podcast thumbnail mobile
Front Office Sports Today

MLB Opens Season With MLBPA, Ohtani, and Ownership Dramas

0:00
0:00

Featured Today

March 22, 2024, Brooklyn, NY, USA; Northwestern Wildcats guard Brooks Barnhizer (13) and Northwestern Wildcats guard Boo Buie (0) react in overtime against the Florida Atlantic Owls in the first round of the 2024 NCAA Tournament at the Barclays Center.
March 27, 2024

‘An Expensive Game’: March Madness and NIL Collectives Are Intertwined

At schools nationwide, collectives are fueling NCAA tournament runs and vice versa.
Iowa’s Caitlin Clark (22) waits to be announced in the starting lineup against West Virginia in a NCAA Tournament round of 32 game Monday, March 25, 2024 at Carver-Hawkeye Arena in Iowa City, Iowa.
March 26, 2024

The Women’s Trading Card Market Is Overlooked. Can Caitlin Clark Change That?

Traditionally, women’s sports cards have been a marginal part of collectibles.
The Sports Illustrated cover signed by Derek Jeter and Alex Rodriguez, February 27, 2019, at Don & Charlie's, 7501 E. Camelback Road, Scottsdale. Don Charlie S
March 24, 2024

Everything You Need to Know About the Ongoing ‘Sports Illustrated’ Saga

Understanding the strange state of affairs for the nearly 70-year-old publication.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
Spotify
Multiple - USA Careers
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
Oct 5, 2021; Kansas City, Missouri, USA; Bob Kendrick, president of the Negro Leagues Baseball Museum in Kansas City, points to the lettering outside of the museum Tuesday.
February 28, 2024

How Do You Keep Negro Leagues Baseball History Alive? Put It in a Video Game

Negro Leagues Baseball Museum attracting increased donations, visits from ‘MLB The Show.’
February 29, 2024

Electronic Arts’ Layoffs Signal Ongoing Evolution, Struggles

The company is set to make a second major round of staff cuts in the last year.
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
Sony-Playstation-Demo-Booth
February 27, 2024

Sony to Lay Off 900 From PlayStation Team After Missed Sales Target

Cuts come amid a tough stretch for the gaming industry.
EA Sports
February 15, 2024

EA Sports: Summer Release for Long-Dormant College Football Video Game

Ed O’Bannon’s historic lawsuit led to the shuttering of EA Sports’ popular college games.
Gatorade
February 14, 2024

Was the Gatorade Color Compromised Before Super Bowl LVIII Kickoff?

Multiple gambling companies saw a sharp spike in the color purple prior to Sunday’s kickoff.
Reba McEntire Super Bowl
February 12, 2024

Reba McEntire Repeated ‘the Brave’ in the National Anthem, Sending Prop Bettors Spiraling

BetMGM paid bettors on both the over and the under.