About: http://data.cimple.eu/news-article/f9a5ef21a85f5533309ea77db97b95e6838e054e72db6819e4f54126

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About: http://data.cimple.eu/news-article/f9a5ef21a85f5533309ea77db97b95e6838e054e72db6819e4f54126 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	US video game maker Electronic Arts (EA) on Thursday beat earnings expectations despite falling revenue, but outlook for the current quarter caused shares to sink. Revenue of $1.15 billion in the recently ended quarter was driven by play of titles including its Madden and FIFA franchises based on real-world professional sports, according to the California-based company. The revenue was down 14 percent from the same period a year earlier, but Wall Street analysts had anticipated much less. "We delivered a quarter well above our guidance," chief operating officer Blake Jorgensen said in an earnings release. But EA projected revenue of $1.7 billion in the current quarter, below the $2.3 billion forecast by Wall Street. EA shares sank more than 7 percent in after-market trades that followed release of the earnings figures. Jorgensen also announced that EA's battle royale-style online game Apex Legends is on track to become a billion-dollar franchise. The number of people playing Madden NFL 21 grew nearly 30 percent compared to this time last year, and ranks of subscribers to an online EA Play service have grown to 6.5 million, according to the company. Video game play has boomed as people hunkered down at home because of the coronavirus pandemic seek out entertainment. gc/acb
schema:headline	EA beats earnings expectations but outlook falls short
schema:mentions	Chief operating officer William Blake Video game FIFA Pandemic Coronavirus Apex Legends Madden NFL Online game Australian Classification Board Electronic Arts Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	67 (xsd:integer)

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