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  • US video game maker Electronic Arts (EA) on Tuesday reported higher quarterly sales on strength in its FIFA brand and other franchises but profits were lower. Electronic Arts cited FIFA Ultimate Team, as well as Apex Legends Battle Royale as especially hot titles. Revenues for the quarter ending December 31 rose 5.0 percent to $1.7 billion. But profits fell 39 percent to $211 million as the company spent more on research and development, marketing and administrative costs. In December, EA announced a $1.2 billion acquisition of Britain-based Codemasters, which is known for its Formula 1 and DiRT racing video games. EA projected full year sales of $5.6 billion, below the $6 billion expected by analysts. Shares fell 4.6 percent in after-hours trading. jmb/hs
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  • EA profits fall despite higher sales
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