Canada markets closed
  • S&P/TSX

    21,216.15
    +3.76 (+0.02%)
     
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • DOW

    35,677.02
    +73.94 (+0.21%)
     
  • CAD/USD

    0.8091
    +0.0007 (+0.09%)
     
  • CRUDE OIL

    83.98
    +1.48 (+1.79%)
     
  • BTC-CAD

    75,751.43
    -375.99 (-0.49%)
     
  • CMC Crypto 200

    1,453.34
    -49.69 (-3.31%)
     
  • GOLD FUTURES

    1,793.10
    +11.20 (+0.63%)
     
  • RUSSELL 2000

    2,291.27
    -4.92 (-0.21%)
     
  • 10-Yr Bond

    1.6550
    -0.0210 (-1.25%)
     
  • NASDAQ

    15,090.20
    -125.50 (-0.82%)
     
  • VOLATILITY

    15.43
    +0.42 (+2.80%)
     
  • FTSE

    7,204.55
    +14.25 (+0.20%)
     
  • NIKKEI 225

    28,804.85
    +96.27 (+0.34%)
     
  • CAD/EUR

    0.6942
    -0.0010 (-0.14%)
     

Electronic Arts (EA) Delays Battlefield 2042 Launch to Nov 19

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Electronic Arts EA closed down 5.7% to $137.04 during regular trading but rallied 2.7% in the extended session following the company’s announcement that its Battlefield 2042 would be delayed until Nov 19. It was initially slated for launch on Xbox, PS, and PC on Oct 22.

The company cited unforeseen challenges created by the coronavirus pandemic, which delayed the return of its development staff to offices as the reason behind the delay.

In Battlefield 2042, the world is on the verge of collapse with failed nations due to the shortage of food, energy, and clean water, which leads to the greatest refugee crisis in the history of humanity.

The new Battlefield Portal, which enables players to make and share custom game types using assets from multiple Battlefield games including 1942, Bad Company 2, and Battlefield 3 has become an instant attraction. It also comes with a new game mode called Hazard Zone.

The game will allow as many as 128 players at once in the PC, Xbox Series X|S, and PlayStation 5, which is the largest number for this series. PlayStation 4 and Xbox One owners will be able to play matches featuring up to 64 players on reduced map sizes.

Electronic Arts Inc. Price and Consensus

Electronic Arts Inc. Price and Consensus
Electronic Arts Inc. Price and Consensus

Electronic Arts Inc. price-consensus-chart | Electronic Arts Inc. Quote

EA Reiterates Full-Year Guidance of Net Bookings

EA reiterated its full-year guidance for net bookings despite the postponement of Dice’s upcoming entry in the Battlefield series. In the first quarter of fiscal 2022, the company had raised net bookings expectations for the year to be $7.4 billion.

This Zacks Rank #3 (Hold) company owns some robust franchises such as Apex Legends, Battlefield, Star Wars Battlefront, Need for Speed, and FIFA. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

EA’s strong slate of game releases for the rest of fiscal 2022, including the recently launched EA SPORTS Madden NFL 22 and Lost in Random, are expected to drive its top line and net bookings further.

Moreover, EA SPORTS FIFA 22, featuring the next-generation HyperMotion technology will be available worldwide starting Oct 11.

However, Battlefield 2042 is not the only game this year to get delayed because of the ongoing COVID-19 pandemic. Last week, Take-Two Interactive Software TTWO pushed back its launch of a remastered version of Grand Theft Auto V and Grand Theft Auto Online. Take-Two reiterated its financial guidance for the year despite the delay.

Other examples include God of War: Ragnarok, The Last of Us Part II, Halo Infinite, and Deathloop, which were released recently after two COVID-19-related delays.

Battlefield 2042 will now release two weeks after Call of Duty: Vanguard, its competition from Activision Blizzard ATVI owned Sledgehammer Games.

The primary competitors of Electronic Arts are Activision Blizzard, with the top franchises including Call of Duty, World of Warcraft and Candy Crush, Take Two Interactive with Grand Theft Auto, and Ubisoft UBSFY with Rayman Legends and Assassin’s Creed.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Activision Blizzard, Inc (ATVI) : Free Stock Analysis Report

TakeTwo Interactive Software, Inc. (TTWO) : Free Stock Analysis Report

Electronic Arts Inc. (EA) : Free Stock Analysis Report

UbiSoft Entertainment Inc. (UBSFY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting