slightly north of broad charleston EA posts slight earnings miss as Star Wars Battlefront II sells only 9 million c opies

EA posts slight earnings miss as Star Wars Battlefront II sells only 9 million c.opies.
Electronic Arts reported financials for its fiscal third quarter ended December 31 that were slightly below what analysts expected, as its marquee game, Star Wars: Battlefront II, sold only 9 million copies during the holiday quarter.

The earnings were the first real indication of how EA’s big release of the holidays sold. Star Wars: Battlefront II came out on November 17 and was timed for the Star Wars extravaganza related to the theatrical release of The Last Jedi. But pesky gamers mucked it up when they complained that EA’s loot boxes unfairly created a pay-to-win situation.

EA reported non-GAAP profit of $2.18 a share on revenue of $1.97 billion. Analysts expected EA to report non-GAAP profit of $2.19 a share on revenues of $2 billion, compared with earnings of $2.58 a share earlier on revenues of $2.07 billion. It’s not clear yet why EA didn’t disclose the Battlefront II sales, but it did say that 70 percent of players completed its single-player campaign.

The controversy reportedly hurt relations between EA and Star Wars licensor Disney. EA had to scuttle the loot boxes on the eve of the game’s launch, and some gamers still said they were going to boycott the game.

slightly north of broad charleston EA posts slight earnings miss as Star Wars Battlefront II sells only 9 million c opies
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