Video game maker Electronic Arts on Thursday cut its net bookings forecast and announced it would be pushing back the launch of the newest installation in its popular Battlefield series.
EA updated its net bookings guidance for fiscal 2019 to $5.20bn from $5.55bn, noting that $115m of that shift was driven by moves in foreign exchange rates.
The release date for the newest Battlefield game, Battlefield V, has been pushed back four weeks to November 20, meaning some of the money expected from the game will now hit the ledger in fiscal 2020. The game was previously supposed to come out on October 19, with an open beta version going live September 4.
Shares dropped 6.3 per cent in pre-market trading on the heels of the news. Coming into Thursday trading, EA was up 22 per cent year-to-date.
On Sunday three people were killed in a mass shooting in Jacksonville, Florida during a tournament featuring EA’s Madden football game. On Wednesday, EA announced it was donating $1m to support the families of the victims of the event.
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