Electronic Arts, a video game publisher based in Redwood City, California, reported first-quarter bookings of US$1.35 billion for the period ended June 30, below analysts’ estimate of US$1.48 billion.

Net profit rose to US$397 million from US$201 million a year earlier.

Recurring spending remained a large part of the business.

Live services contributed US$1.08 billion of about US$1.3 billion in quarterly bookings, compared with US$214 million from full-game sales.

EA previously said Battlefield 6 launched on October 10 and sold more than 7 million copies in its first three days.

However, the disclosures reviewed did not quantify any subsequent decline in player engagement.

The company guided for second-quarter bookings of US$1.8 billion to US$1.9 billion.

The available materials did not show an explicit change to full-year guidance.

EA is also working toward a US$55 billion take-private deal with an investor consortium that includes Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners, after receiving European Union clearance.

🔗 Source: Reuters

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