EA climbs on a positive Wedbush note, news that it won’t hike game prices to $80
Madden NFL maker Electronic Arts is positioned to outpace the rest of the video game market through its fiscal year 2027 (ending March of that year), according to a Wedbush Securities note. EA shares are up nearly 7% on Wednesday.
Wedbush expects the publisher, which delivered better-than-expected earnings after the bell on Tuesday but posted a disappointing sales outlook, to log an 8% revenue boost this fiscal year.
On an earnings call Wednesday, EA execs said the company isn’t currently planning to adopt the industry’s freshly boosted game price ceiling of $80.
With the rumored October release of “Battlefield 6” still in play, CEO Andrew Wilson appears happy that Take-Two’s massive “Grand Theft Auto 6” has been delayed.
“We feel very good about the competitive slate relative to ‘Battlefield’ this year,” Wilson said. “Relative to what we’re seeing in the marketplace, we feel very, very good about our launch window.”
On an earnings call Wednesday, EA execs said the company isn’t currently planning to adopt the industry’s freshly boosted game price ceiling of $80.
With the rumored October release of “Battlefield 6” still in play, CEO Andrew Wilson appears happy that Take-Two’s massive “Grand Theft Auto 6” has been delayed.
“We feel very good about the competitive slate relative to ‘Battlefield’ this year,” Wilson said. “Relative to what we’re seeing in the marketplace, we feel very, very good about our launch window.”
