EA Shares Take A Hit After Delaying Their Big Game

Shares of Electronic Arts took a massive hit of more than 6% when the market opened on Thursday after announcing that Battlefield V will have a delayed launch date.

The game maker announced that the game will be delayed 1 month, and that they are trying to make the experience better after much needed feedback in the community.

The game was originally scheduled for October, just like many other hit games hitting the scene such as: Activision Blizzard’s “Call of Duty: Black Ops 4”, and the highly anticipated game from Take Two- “Red Dead Redemption 2.” This delay does give them a breather from the overcrowded month of October.

With this news they will take a financial hit, after seeing their expected net earnings of the 2019 ‘fiscal year drop from $5.55 billion to $5.2 billion.

“We’ve had valuable feedback from our community, and we’re going to take the time to make some final adjustments and deliver a great experience for our fans,” Laura Miele said, the chief studios officer for the company.

Disclaimer: We have no position in (NASDAQ: EA), as well as (NASDAQ: ATVI), or (NASDAQ: TTWO) and have not been compensated for this article.