This Zacks Rank #3 (Hold) company also faces stiff competition from Activision Blizzard ATVI and Take-Two Interactive TTWO. According to Ampere Analysis, the combined sales of games, consoles and subscriptions are due to drop by 1.2% to $188 billion in 2022.
However, Electronic Arts has been facing headwinds on a macro level as well due to the COVID restrictions being lifted, as people are shifting their preferences from online gaming to outdoor activities. price-consensus-chart | Electronic Arts Inc. Shares of Electronic Arts have gained 0.3% year to date against the Zacks Consumer Discretionary sector, which lost 31.3% in the same time frame.Įlectronic Arts Inc. These exciting launches are anticipated to drive third-quarter fiscal 2023 net bookings to around $2.425-$2.525 billion. It recently partnered with Walt Disney’s DIS Marvel Entertainment to develop at least three new action-adventure games, one of which will be an Iron Man game featuring an original narrative elaborating the rich history of the character and enabling players to feel what it’s like to truly play as Iron Man. It released some of its upcoming games for 2023, including the horror genre game Dead Space releasing on Jan 27 and the action, adventure and role-playing game Wild Hearts, which comes out on Feb 17. EA Strengthens its Gaming PipelineĮlectronic Arts has been focusing on creating indulging games and has been investing in disrupting themes to draw Gen Z and Gen Alpha towards it.
The game has been made available for players from Dec 2 on PlayStation 5, Xbox Series X/S and PC. This is expected to bring a better and more appealing gaming experience for players, bolstering EA’s active players.
The comeback of Criterion with NFS: Unbound has brought to players more realistic graphics, a soundtrack that personifies street art and a lot of accessibility options that one can change, such as difficulty, heads-up display (HUD) settings and more. In 2020, Criterion took the franchise rights of NFS once again from Ghost Games after the great success of Need for Speed Heat in 2019, which sold 2.3 million units, generating gross revenues of $73.1 million per VG Insights. The story of the game revolves around two friends who were unable to stop a robbery at a family auto shop and are now on a journey, uncovering the world of Lakeshore City to win the ultimate street race as they wish to reclaim their stolen car.Ĭriterion Games’ last NFS game was Need For Speed: Most Wanted back in 2012, which received good reviews and sold 16 million copies globally, per Video Game Statistics. Electronic Arts EA announced that it released Need For Speed: Unbound, which is the latest expansion of its racing franchise, Need For Speed (NFS), in collaboration with Criterion Games.
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